
Cheap Apartments for Rent in Rapid City, SD from $400 with Washer/Dryer (51 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in Rapid City.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Rapid City, SD Local Guide

How much does it cost to rent an apartment in Rapid City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rapid City Studio Apartments | $1,064 | $675 | $1,520 |
| Rapid City 1 Bedroom Apartments | $1,308 | $547 | $5,296 |
| Rapid City 2 Bedroom Apartments | $1,475 | $726 | $3,338 |
| Rapid City 3 Bedroom Apartments | $1,678 | $1,080 | $3,010 |
| Rapid City 4 Bedroom Apartments | $1,707 | $1,707 | $1,707 |
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Frequently Asked Questions about Cheap Rapid City Apartments
What is a cheap apartment in Rapid City?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Rapid City is under $995.
What is the price of a cheap apartment in Rapid City?
The cheapest apartment in Rapid City is The Radiant which is listed at $616, while the average apartment in Rapid City costs $1,478.
What types of apartments are the cheapest in Rapid City?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4 regular apartments in Rapid City that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Rapid City?
Cheap apartments in Rapid City have an average cost of $171 which is $1,307 cheaper than the average rent for all rentals in Rapid City.
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.