
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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $1,059 | $665 | $1,588 |
| Rapid City 1 Bedroom Apartments | $1,298 | $547 | $4,967 |
| Rapid City 2 Bedroom Apartments | $1,477 | $726 | $3,338 |
| Rapid City 3 Bedroom Apartments | $1,757 | $1,080 | $3,010 |
| Rapid City 4 Bedroom Apartments | $1,764 | $1,764 | $1,764 |
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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 $975.
What is the price of a cheap apartment in Rapid City?
The cheapest apartment in Rapid City is The Place at Hainesway which is listed at $875, while the average apartment in Rapid City costs $1,501.
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 3 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 $243 which is $1,258 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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.