Cheap Homes for Rent in the Downtown Rapid City Neighborhood of Rapid City, SD from $900 (15 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 145 Indiana St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

145 Indiana St

Rapid CitySD57701

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.

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Showing Results 1-15, 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 2 Beds unit found at Civic Plaza Apartments priced from $865. The Place at Hainesway has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Downtown Rapid City apartments for rent in Rapid City, SD:

Apartment ListingModel NameBed/BathPriced From
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$865
The Place at HaineswayOne Bed, One Bath1BR,1BA$875
LaCrosse Estates Apartment HomesSPRING INTO SUMMER WITH ROCK BOTTOM PRICES! ANY...2BR,1BA$950
Sagebrush Flats1 Bed, 1 bath1BR,1BA$1,052
The RadiantTwo Bedroom Market Rate2BR,1BA$1,152

Best Value Apartments for Rent in Downtown Rapid City, SD

As of July 27, 2026 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 Two Bedroom Market Rate Model at The Radiant starting at $1,152 with a $1.12 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.
Founders Park VillageBrennan $1,0852BR,2BA$1.34
The RadiantTwo Bedroom Market Rate2BR,1BA$1.12
LaCrosse Estates Apartment HomesSPRING INTO SUMMER WITH THIS DEAL! $500 DEPOSIT...3BR,1.5BA$1.62
Harmony HeightsThe Peak2BR,2BA$1.51
KC LoftsUnit A Furnished | 2 Bedroom, 1 Bathroom2BR,1BA$1.68
215 E Denver St, Unit 215215 E Denver St1BR,1BA$1.33
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$1.29
The Place at HaineswayOne Bed, One Bath1BR,1BA$1.35
214 E Denver St, Unit 217.5214 E Denver St1BR,1BA$1.38
Sagebrush Flats1 Bed, 1 bath1BR,1BA$1.75

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

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Frequently Asked Questions about Downtown Rapid City

What type of rentals are currently available in Downtown Rapid City?

There are currently 67 Apartments for Rent in Downtown Rapid City, SD with pricing that ranges from $547 to $3,062. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Rapid City ranging from $900 to $2,800.

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 $900 to $2,800 with an average monthly rent of $1,695.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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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.