
Cheap Homes for Rent in Rapid City, MI from $600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Rapid City.


314 E Pine St

853 E Front St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

2285 E Carriage Hill Dr

107 Cass St, Unit Condo 2, Unit Condo 2

2276 S M-37, Unit B, Unit B
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.

124 Beech St
Rapid City, MI Local Guide

How much does it cost to rent a home in Rapid City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rapid City 2 Bedroom Homes for Rent | $2,010 | $900 | $4,500 |
| Rapid City 3 Bedroom Homes for Rent | $3,249 | $1,750 | $8,500 |
| Rapid City 4 Bedroom Homes for Rent | $5,187 | $2,300 | $10,000+ |
Browse Top Homes for Rent in Rapid City
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Rapid City, MI Local Guide
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Cheapest Available Rapid City Apartments for Rent and Nearby
 The cheapest available apartment rental in Rapid City, MI is a 1 Bed unit found at Annika Place in the Downtown Traverse City neighborhood priced from $419. Riverview Terrace in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $744. Here is today’s list of the most affordable Rapid City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Annika Place | One Bedroom | 1BR,1BA | $419 |
| Riverview Terrace | 1 Bedroom R | 1BR,1BA | $744 |
| Oak Terrace | 1 BEDROOM | 1BR,1BA | $796 |
Best Value Apartments for Rent in Rapid City, MI and Nearby
As of May 24, 2026 the best value apartment in the Rapid City area is the $1.65 price per square foot Ottawa Model at Liv East Bay in the starting from $3,445. The second greatest value Rapid City apartment is the Birch Model at Pines45 Apartments starting at $1,635 with a $1.47 price per square foot . Here is today’s list of the best values for Rapid City apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Liv East Bay | Ottawa | 5BR,2.5BA | $1.65 |
| Pines45 Apartments | Birch | 2BR,2BA | $1.47 |
| Ridge45 Apartments | Longitude South | 2BR,2BA | $1.64 |
| Brookside Commons | Two Bedroom | 2BR,1BA | $1.20 |
| Village Glen Apartments | Two Bed Two Bath | 2BR,2BA | $1.36 |
| Hillside Apartments | APT 2 | Studio ,1BA | $1.00 |
| Pinecrest | Pinecrest | 2BR,2BA | $1.62 |
| Harbour Ridge Apartments | Two Bedroom One Bath | 2BR,1BA | $1.61 |
| Annika Place | One Bedroom | 1BR,1BA | $0.61 |
| Oak Terrace | 1 BEDROOM | 1BR,1BA | $1.38 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Rapid City
What type of rentals are currently available in Rapid City?
There are currently 53 Apartments for Rent in Rapid City, MI with pricing that ranges from $419 to $3,500. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rapid City ranging from $600 to $10,500.
What is the current price range for Rental Homes in Rapid City?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Rapid City ranges from $600 to $10,500 with an average monthly rent of $2,918.
How much are larger Three and Four Bedroom Rentals in Rapid City?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Rapid City range from $1,080 to $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $8,500. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $2,775.
Expert Rental Resources
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.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.