811 St James St
Rapid CitySD57701
Cheap Homes for Rent in Downtown Rapid City Neighborhood of Rapid City, SD from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Rapid City area of Rapid City.
624 E Madison St
Rapid CitySD57701
21 E Kansas City St
Rapid CitySD57701
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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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820 Holcomb Ave
Rapid CitySD57701
4 E Signal Dr
Rapid CitySD57701
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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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 | $1,346 | $780 | $2,300 |
| Downtown Rapid City 3 Bedroom Homes for Rent | $1,630 | $1,350 | $2,350 |
| Downtown Rapid City 4 Bedroom Homes for Rent | $1,600 | $1,300 | $2,000 |
Browse Homes for Rent in this Neighborhood
There are currently 9 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 2 Beds unit found at Civic Plaza Apartments priced from $865. The Radiant has the second lowest priced unit, which is a 1 Bed apartment currently listed from $953. Here are the most affordable Downtown Rapid City apartments for rent in Rapid City, SD:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Civic Plaza Apartments | 2 Bedroom Garden Level | 2BR,1BA | $865 |
| The Radiant | One Bedroom 60% | 1BR,1BA | $953 |
| The Elements, LLC | Efficiency | Studio,1BA | $1,100 |
Best Value Apartments for Rent in Downtown Rapid City, SD
As of July 27, 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 Brennan $1,085 Model at Founders Park Village starting at $1,478 with a $1.34 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. |
|---|---|---|---|
| 618 Saint Joseph St, Unit #4 | 618 Saint Joseph St | 2BR,2BA | $0.94 |
| Founders Park Village | Brennan $1,085 | 2BR,2BA | $1.34 |
| Rapid Creek Apartments | 3Bed/2Bath | 3BR,2BA | $1.40 |
| Sheridan Lake Apartments | The Stanford | 2BR,2BA | $1.27 |
| Harmony Heights | The Peak | 2BR,2BA | $1.50 |
| KC Lofts | 2 bed | 2BR,1BA | $1.73 |
| The Radiant | One Bedroom 60% | 1BR,1BA | $1.32 |
| 720 Haines Ave, Unit B | 720 Haines Ave | 2BR,1BA | $1.30 |
| Civic Plaza Apartments | 2 Bedroom Garden Level | 2BR,1BA | $1.29 |
| The Elements, LLC | Efficiency | Studio ,1BA | $2.55 |
Quick Rent Budget Calculator
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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 72 Apartments for Rent in Downtown Rapid City, SD with pricing that ranges from $730 to $3,315. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Rapid City ranging from $750 to $2,350.
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 $750 to $2,350 with an average monthly rent of $1,352.
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 $1,060 to $1,920, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $2,350. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $1,564.
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.
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.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.