Cheap Apartments for Rent in the Downtown Rapid City Neighborhood of Rapid City, SD from $500 (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Rapid City area of Rapid City.

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1320 Quincy St
Studio to 2 Bedroom Apartments

1320 Quincy St

1320 Quincy StRapid City, SD 57701
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West Park Apartments
1 Bedroom Apartments

West Park Apartments

1018 11th StRapid City, SD 57701
  • Utilities Included
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Sundial Square
1 to 4 Bedroom Apartments

Sundial Square

118 Waterloo StRapid City, SD 57701
  • Utilities Included
Showing Results 1-35, Page 1 of 1

Downtown Rapid City, Rapid City, SD Local Guide

Cheapest Available Downtown Rapid City Apartments for Rent

 

The cheapest available apartment rental in the Downtown Rapid City area of Rapid City, SD is a 1 Bed unit found at The Place at Estes Park priced from $590. Civic Plaza Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $865. Here are the most affordable Downtown Rapid City apartments for rent in Rapid City, SD:

Apartment ListingModel NameBed/BathPriced From
The Place at Estes ParkOne Bed One Bath1BR,1BA$590
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$865
The Place at HaineswayTwo Beds, One Bath2BR,1BA$949
The RadiantOne Bedroom 60%1BR,1BA$953
The Elements, LLCEfficiencyStudio,1BA$1,150
Block5OreStudio,1BA$1,195

Best Value Apartments for Rent in Downtown Rapid City, SD

As of August 22, 2025 the best value apartment in the Downtown Rapid City area is the $0.94 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 $1,700. The second greatest value Downtown Rapid City apartment is the 410 Quincy St Model at 410 Quincy St, Unit 410 Quincy St starting at $1,295 with a $1.10 price per square foot in the Downtown Rapid City neighborhood. Here is today’s list of the best values for Downtown Rapid City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
618 Saint Joseph St, Unit #4618 Saint Joseph St2BR,2BA$0.94
410 Quincy St, Unit 410 Quincy St410 Quincy St2BR,1BA$1.10
Founders Park VillageBrennan $1,0852BR,2BA$1.34
728 Haines Ave, Unit 2728 Haines Ave3BR,1BA$1.11
The Place at Estes ParkTwo Bed Two Bath2BR,2BA$1.11
The Place at HaineswayTwo Beds, One Bath2BR,1BA$1.10
811 Mallow St, Unit 4811 Mallow St2BR,1BA$1.23
The RadiantOne Bedroom 60%1BR,1BA$1.32
720 Haines Ave, Unit B720 Haines Ave2BR,1BA$1.30
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$1.29

Quick 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.

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Pet Friendly Lifestyle
Downtown Rapid City, Rapid City, SD

Ranked #1

Among cities in South Dakota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Rapid City, Rapid City, SD

School data provided by Great Schools

Getting Around the Downtown Rapid City Neighborhood in Rapid City, SD

Walk Score®

74 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

70 / 100

Very Bikeable

Biking is convenient for most trips

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 Downtown Rapid City Apartments

What is a cheap apartment in Downtown Rapid City?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Rapid City is under $1,195.

What is the price of a cheap apartment in Downtown Rapid City?

The cheapest apartment in Downtown Rapid City is The Place at Estes Park which is listed at $590, while the average apartment in Downtown Rapid City costs $1,570.

What types of apartments are the cheapest in Downtown 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 Downtown 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 Downtown Rapid City?

Cheap apartments in Downtown Rapid City have an average cost of $882 which is $688 cheaper than the average rent for all rentals in Downtown Rapid City.

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.

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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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.