Cheap Homes for Rent in Pennington County, SD from $500 (23 Rentals)

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Search the lowest-cost Homes available for rent right now in Pennington County.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Cheapest Available Pennington County Apartments for Rent

 

The cheapest available apartment rental in Pennington County, SD is a 2 Beds unit found at Civic Plaza Apartments in the Downtown Rapid City neighborhood priced from $865. The Place at Hainesway in the Downtown Rapid City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Pennington County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$865
The Place at HaineswayOne Bed, One Bath1BR,1BA$875
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$900
Champion Villas1 Bedroom 1 Bathroom Apartment1BR,1BA$920
BG Flats ApartmentsStudio ApartmentStudio,1BA$935

Best Value Apartments for Rent in Pennington County, SD

As of November 13, 2025 the best value apartment in the Pennington County area is the $0.89 price per square foot 618 Saint Joseph St Model at 618 Saint Joseph St, Unit #4 in the in the Downtown Rapid City neighborhood starting from $1,600. The second greatest value Pennington County apartment is the 811 Mallow St Model at 811 Mallow St, Unit 7 starting at $1,025 with a $0.93 price per square foot in the Downtown Rapid City neighborhood. Here is today’s list of the best values for Pennington County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
618 Saint Joseph St, Unit #4618 Saint Joseph St2BR,2BA$0.89
811 Mallow St, Unit 7811 Mallow St3BR,1BA$0.93
Boulder Creek ApartmentsPhase 4 Two Bedroom2BR,2BA$1.10
Countryside Apartments2Bedroom 2bathroom2BR,2BA$1.20
Fox Run Apartments2BR/2.0BA2BR,2BA$1.25
Rapid Creek Apartments3Bed/2Bath3BR,2BA$0.98
The Place at Estes ParkTwo Bed Two Bath2BR,2BA$1.11
Sheridan Lake ApartmentsThe Windsor2BR,1BA$1.25
Champion Villas1 Bedroom 1 Bathroom Apartment1BR,1BA$1.15
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$1.22

Frequently Asked Questions about Pennington County

What type of rentals are currently available in Pennington County?

There are currently 169 Apartments for Rent in Pennington County, SD with pricing that ranges from $600 to $3,468. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennington County ranging from $550 to $4,000.

What is the current price range for Rental Homes in Pennington County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Pennington County ranges from $550 to $4,000 with an average monthly rent of $1,805.

How much are larger Three and Four Bedroom Rentals in Pennington County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Pennington County range from $979 to $2,813, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $2,395. Four Bedroom Single-Family rentals are also available starting from $550 and Four Bedroom Apartments start at $1,058.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.