
Cheap Apartments for Rent in Rapid City, SD from $400 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in Rapid City.


The Place at Estes Park

The Place at Hainesway

Civic Plaza Apartments

318 National St

617 St Joseph St

Bridgewood Estates

Shepherd Hills Commons
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.

601 E North St

507 E Chicago

507 E Chicago St

15 St Francis St
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.

BG Flats Apartments

503 Monroe St

1108 Farlow Ave

11 E Quincy St

Enchanted Pines

1935 38th St

644 Holcomb Ave

Moonlight Apartment Complex

729 Dakota Dr

Buffalo Run

Country Bluff Apartments
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Lancer Court Apartments

Orchard Meadows

Johnson Ranch Apartments

Tallgrass Apartments
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.
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Rapid City, SD Local Guide

How much does it cost to rent an apartment in Rapid City?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Rapid City Studio Apartments | $1,128 | $485 | $2,400 |
Cheap Rapid City 1 Bedroom Apartments | $1,318 | $590 | $3,200 |
Cheap Rapid City 2 Bedroom Apartments | $1,526 | $865 | $4,300 |
Cheap Rapid City 3 Bedroom Apartments | $1,720 | $1,060 | $2,931 |
Cheap Rapid City 4 Bedroom Apartments | $1,564 | $1,564 | $1,564 |
Browse Top Apartments in Rapid City
See all Apartments in Rapid CityExplore Rapid City
Rapid City, SD Local Guide

- Rapid City Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in Rapid City, SD
Pricing Updated: 09/13/2025Current apartment rentals in the Rapid City, SD area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Rapid City Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Downtown Rapid City | $1,725 | $1,100 | 8 |
Cheapest Available Rapid City Apartments for Rent
 The cheapest available apartment rental in Rapid City, SD is a 1 Bed unit found at The Place at Estes Park in the Downtown Rapid City neighborhood priced from $590. The Place at Hainesway in the Downtown Rapid City neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $730. Here is today’s list of the most affordable Rapid City apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Place at Estes Park | One Bed One Bath | 1BR,1BA | $590 |
The Place at Hainesway | Studio | Studio,1BA | $730 |
Civic Plaza Apartments | 2 Bedroom Garden Level | 2BR,1BA | $865 |
Bridgewood Estates | Open living space + spacious master | 1BR,1BA | $870 |
BG Flats Apartments | Studio Apartment | Studio,1BA | $935 |
Shepherd Hills Commons | Apartment Style Studio | Studio,1BA | $945 |
CARRIAGE GREEN | Open living space + spacious master | 1BR,1BA | $945 |
Enchanted Pines | Studio | Studio,1BA | $950 |
Best Value Apartments for Rent in Rapid City, SD
As of September 13, 2025 the best value apartment in the Rapid City area is the $1.22 price per square foot 3/2 Model at The Pines at Rapid in the starting from $1,699. The second greatest value Rapid City apartment is the 3b2b WD Southern Model at Southern Cross Apartments starting at $1,400 with a $1.11 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. |
---|---|---|---|
The Pines at Rapid | 3/2 | 3BR,2BA | $1.22 |
Southern Cross Apartments | 3b2b WD Southern | 3BR,2BA | $1.11 |
410 Quincy St, Unit 410 Quincy St | 410 Quincy St | 2BR,1BA | $1.10 |
Boulder Creek Apartments | Boulder Two Bedroom | 2BR,2BA | $1.13 |
Johnson Ranch Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $1.27 |
The Radiant | Two Bedroom 60% | 2BR,1BA | $1.11 |
The Place at Estes Park | Two Bed One Bath | 2BR,1BA | $1.08 |
Sheridan Lake Apartments | The Windsor | 2BR,1BA | $1.25 |
811 Mallow St, Unit 4 | 811 Mallow St | 2BR,1BA | $1.20 |
Bridgewood Estates | Open living space + spacious master | 1BR,1BA | $1.18 |
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Rapid City Overview
When most people think of Rapid City, South Dakota, images of beautiful scenery, sunny weather, and friendly people immediately come to mind. Furthermore, apartment living in Rapid City is the perfect way to experience everything that Rapid City has to offer.
Why live in Rapid City, SD?
When it comes to living in Rapid City, a population of over 70,000 have all decided to call this city home. This city is home to thousands of nature lovers. With some of the most majestic mountains, green forests, and diverse wildlife on Earth, anyone enjoying nature will love Rapid City. Access to scenic views doesn't preclude civilization, as this city has plenty of radio, TV stations, attractions, and development that everyone expects in a developed town. While Rapid City is the third largest city in South Dakota, it is a popular place to call home because it doesn't have any of the traffic headaches or commuting nightmares that plague other cities.
Rapid City, SDPopulation: 75,443
Ranked #469
in US Census Population by City
Best Local Schools in Rapid City, SD
Corral Drive Elementary - 21
Stevens High School - 42
Southwest Middle School - 38
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Rapid City, SD Rentals by Map
See the most popular apartments and homes in Rapid City, SD
Getting Around Rapid City, SD
Walk Score®
39 / 100
Car-Dependent
Most errands require a car
Bike Score®
40 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Rapid City Apartments
What is the Cheapest Studio apartment in Rapid City?
Currently the most affordable Cheap Studio Apartment in Rapid City is at The Place at Hainesway listed at $730.
How much is rent for a Cheap One Bedroom Rapid City Apartment?
The lowest price for a Cheap One Bedroom Rapid City Apartment is $590 at The Place at Estes Park.
What is the lowest price for a Cheap Two Bedroom Rapid City Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Rapid City is starting from $865 at Civic Plaza Apartments.
What is the most affordable Rapid City Three Bedroom Apartment?
The best deal on a cheap Rapid City Three Bedroom Apartment rental is at Bridgewood Estates and starts from $1,205.
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.

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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.