909 N 7th St
Rapid CitySD57701
Cheap Homes for Rent in Downtown Rapid City Neighborhood of Rapid City, SD from $500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Rapid City area of Rapid City.
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433 E New York St
Rapid CitySD57701
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.
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607 Quincy St
Rapid CitySD57701
117 E Monroe St
Rapid CitySD57701
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.
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Downtown Rapid City, Rapid City, SD Local Guide
How much does it cost to rent a home in Downtown Rapid City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Rapid City 2 Bedroom Homes for Rent | $1,133 | $900 | $1,400 |
| Downtown Rapid City 3 Bedroom Homes for Rent | $1,634 | $1,450 | $1,900 |
| Downtown Rapid City 4 Bedroom Homes for Rent | $1,050 | $550 | $1,550 |
| Downtown Rapid City 5 Bedroom Homes for Rent | $2,200 | $2,200 | $2,200 |
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Downtown Rapid City Neighborhood of Rapid City, SD.
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Downtown Rapid City, Rapid City, SD Local Guide
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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 $547. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Place at Estes Park | One Bed One Bath | 1BR,1BA | $547 |
| Civic Plaza Apartments | 2 Bedroom Garden Level | 2BR,1BA | $865 |
| The Place at Hainesway | One Bed, One Bath | 1BR,1BA | $875 |
| Rapid Creek Apartments | 3Bed/2Bath | 3BR,2BA | $979 |
| The Radiant | One Bedroom Market Rate | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Downtown Rapid City, SD
As of November 15, 2025 the best value apartment in the Downtown Rapid City area is the $1.34 price per square foot Brennan $1,085 Model at Founders Park Village in the in the Downtown Rapid City neighborhood starting from $1,478. The second greatest value Downtown Rapid City apartment is the 811 Mallow St Model at 811 Mallow St, Unit 7 starting at $1,025 with a $0.93 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Founders Park Village | Brennan $1,085 | 2BR,2BA | $1.34 |
| 811 Mallow St, Unit 7 | 811 Mallow St | 3BR,1BA | $0.93 |
| Rapid Creek Apartments | 3Bed/2Bath | 3BR,2BA | $0.98 |
| The Place at Estes Park | Two Bed Two Bath | 2BR,2BA | $1.11 |
| Sheridan Lake Apartments | The Windsor | 2BR,1BA | $1.25 |
| 131 E Nowlin St, Unit 205 | 131 E Nowlin St | 2BR,1BA | $1.40 |
| The Radiant | One Bedroom Market Rate | 1BR,1BA | $1.45 |
| Civic Plaza Apartments | 2 Bedroom Garden Level | 2BR,1BA | $1.29 |
| The Place at Hainesway | One Bed, One Bath | 1BR,1BA | $1.35 |
| 220 E Denver St, Unit 220.5 | 220 E Denver St | Studio ,1BA | $1.54 |
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.
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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.
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Pet Friendly LifestyleDowntown Rapid City, Rapid City, SD
Ranked #1
Among cities in South Dakota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Rapid City, Rapid City, SD
General Beadle Elementary - 01
Rapid City Area School District 51-4
Public School - Grades PK-5 (444)
2 out of 10
Central High School - 41
Rapid City Area School District 51-4
Public School - Grades 9-12 (1768)
3 out of 10
North Middle School - 35
Rapid City Area School District 51-4
Public School - Grades 6-8 (513)
3 out of 10
School data provided by Great Schools
Frequently Asked Questions about Downtown Rapid City
What type of rentals are currently available in Downtown Rapid City?
There are currently 74 Apartments for Rent in Downtown Rapid City, SD with pricing that ranges from $547 to $3,045. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Rapid City ranging from $550 to $2,200.
What is the current price range for Rental Homes in Downtown Rapid City?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Rapid City ranges from $550 to $2,200 with an average monthly rent of $1,393.
How much are larger Three and Four Bedroom Rentals in Downtown Rapid City?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Rapid City range from $979 to $2,055, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $1,900. Four Bedroom Single-Family rentals are also available starting from $550 and Four Bedroom Apartments start at $1,058.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.