Cheap Homes for Rent in Rapid City, SD from $900 (25 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 2883 Johnson Ranch Rd

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

2 Bedroom, 1 Bath Home for Rent

Available Now

2883 Johnson Ranch Rd

Rapid CitySD57703
property at 3307 Hall St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

2 Bedroom, 1 Bath Townhome for Rent

Available Now

3307 Hall St

Rapid CitySD57702
property at 1311 E Oakland St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

1311 E Oakland 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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Showing Results 1-25, Page 1 of 1

Rapid City, SD Local Guide

Cheapest Neighborhoods for Apartments in Rapid City, SD

Pricing Updated: 07/07/2026

Current apartment rentals in the Rapid City, SD area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Rapid City Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Rapid City$1,542$54759

Cheapest Available Rapid City Apartments for Rent

 

The cheapest available apartment rental in Rapid City, SD is a 2 Beds unit found at Civic Plaza Apartments in the Downtown Rapid City neighborhood priced from $865. The Place at Hainesway in the Downtown Rapid City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Rapid City apartments for rent:

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 HUGH SAVINGS! $500 DEPO...1BR,1BA$886
Heartland Heights2 Bedroom 1 Bathroom2BR,1BA$892
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$900

Best Value Apartments for Rent in Rapid City, SD

As of July 07, 2026 the best value apartment in the Rapid City area is the $1.27 price per square foot 919 Main St Model at 919 Main St, Unit 2BR in the in the Downtown Rapid City neighborhood starting from $1,650. The second greatest value Rapid City apartment is the 3b2b WD Southern Model at Southern Cross Apartments starting at $1,400 with a $1.11 price per square foot . Here is today’s list of the best values for Rapid City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
919 Main St, Unit 2BR919 Main St2BR,2BA$1.27
Southern Cross Apartments3b2b WD Southern3BR,2BA$1.11
Stonegate Community3 Beds, 2 baths3BR,2BA$1.27
The RadiantTwo Bedroom 50%2BR,1BA$0.97
The Place at Estes ParkTwo Bed One Bath2BR,1BA$1.08
1913 Fremont St, Unit 21913 Fremont St2BR,1BA$1.04
Heartland Heights2 Bedroom 1 Bathroom2BR,1BA$1.12
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$1.22
720 Haines Ave, Unit B720 Haines Ave2BR,1BA$1.30
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$1.29

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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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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Best Local Schools in
Rapid City, SD

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Rapid City, SD Rentals by Map

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See the most popular apartments and homes in Rapid City, SD

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Frequently Asked Questions about Rapid City

What type of rentals are currently available in Rapid City?

There are currently 147 Apartments for Rent in Rapid City, SD with pricing that ranges from $547 to $4,279. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rapid City ranging from $900 to $5,000.

What is the current price range for Rental Homes in Rapid City?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Rapid City ranges from $900 to $5,000 with an average monthly rent of $2,831.

How much are larger Three and Four Bedroom Rentals in Rapid City?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Rapid City range from $1,080 to $2,981, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $3,200. Four Bedroom Single-Family rentals are also available starting from $2,045 and Four Bedroom Apartments start at $1,764.

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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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.

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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.

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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.