Cheap Homes for Rent in Rapid City, SD from $800 (23 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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Showing Results 1-23, Page 1 of 1

Rapid City, SD Local Guide

Cheapest Neighborhoods for Apartments in Rapid City, SD

Pricing Updated: 05/23/2026

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$1,478$54774

Cheapest Available Rapid City Apartments for Rent

 

The cheapest available apartment rental in Rapid City, SD is a 2 Beds unit found at Heartland Heights priced from $697. The Radiant in the Downtown Rapid City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $784. Here is today’s list of the most affordable Rapid City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Heartland Heights2 Bedroom 1 Bathroom2BR,1BA$697
The RadiantOne Bedroom 50%1BR,1BA$784
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$865
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$900
The Place at HaineswayTwo Beds, One Bath2BR,1BA$949

Best Value Apartments for Rent in Rapid City, SD

As of May 23, 2026 the best value apartment in the Rapid City area is the $1.27 price per square foot 3 Beds, 2 baths Model at Stonegate Community in the starting from $1,495. The second greatest value Rapid City apartment is the 2b1b Southern Model at Southern Cross Apartments starting at $1,150 with a $1.15 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.
Stonegate Community3 Beds, 2 baths3BR,2BA$1.27
Southern Cross Apartments2b1b Southern2BR,1BA$1.15
The Place at Estes ParkTwo Bed One Bath2BR,1BA$1.08
Sheridan Lake ApartmentsThe Windsor2BR,1BA$1.23
Vista Pointe Apartments2-Bed 1 Bath2BR,1BA$1.32
The Place at HaineswayThree Beds, One Bath3BR,1BA$1.18
Heartland Heights2 Bedroom 1 Bathroom2BR,1BA$0.88
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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Frequently Asked Questions about Rapid City

What type of rentals are currently available in Rapid City?

There are currently 149 Apartments for Rent in Rapid City, SD with pricing that ranges from $590 to $5,292. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rapid City ranging from $895 to $4,400.

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 $895 to $4,400 with an average monthly rent of $2,130.

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 $3,010, 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 $2,200 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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.