Cheap Homes for Rent in Rapid City, SD from $800 (27 Rentals)

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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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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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property at 3537 School Dr

$1,000

2 Bedroom, 1 Bath Home for Rent

Available Feb 9

3537 School Dr

Rapid CitySD57703

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-27, Page 1 of 1

Rapid City, SD Local Guide

Cheapest Neighborhoods for Apartments in Rapid City, SD

Pricing Updated: 02/05/2026

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$54798

Cheapest Available Rapid City Apartments for Rent

 

The cheapest available apartment rental in Rapid City, SD is a 1 Bed unit found at Heartland Heights priced from $435. The Place at Estes Park in the Downtown Rapid City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $547. Here is today’s list of the most affordable Rapid City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Heartland Heights1 Bedroom 1 Bathroom1BR,1BA$435
The Place at Estes ParkOne Bed One Bath - HOME Unit1BR,1BA$547
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$865
The Place at HaineswayOne Bed, One Bath1BR,1BA$875
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$900
Enchanted PinesStudioStudio,1BA$950
CARRIAGE GREENOpen living space + spacious master *WAITLIST*1BR,1BA$975
Rapid Creek Apartments3Bed/2Bath3BR,2BA$979
Moonlight Apartment ComplexStudioStudio,1BA$995

Best Value Apartments for Rent in Rapid City, SD

As of February 06, 2026 the best value apartment in the Rapid City area is the $1.07 price per square foot 3b2b WD Southern Model at Southern Cross Apartments in the starting from $1,350. The second greatest value Rapid City apartment is the 3 Beds, 2 baths Model at Stonegate Community starting at $1,495 with a $1.27 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.
Southern Cross Apartments3b2b WD Southern3BR,2BA$1.07
Stonegate Community3 Beds, 2 baths3BR,2BA$1.27
Rapid Creek Apartments3Bed/2Bath3BR,2BA$0.98
BG Flats Apartments2 Bedroom 2 Bathroom Apartment2BR,2BA$1.27
The Place at Estes ParkTwo Bed Two Bath2BR,2BA$1.11
Sheridan Lake ApartmentsThe Kensington2BR,2BA$1.26
The Pines at Rapid1/11BR,1BA$1.29
3737 Sturgis Rd, Unit 153737 Sturgis Rd1BR,1BA$1.24
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$1.22
Heartland Heights1 Bedroom 1 Bathroom1BR,1BA$0.72

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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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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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 141 Apartments for Rent in Rapid City, SD with pricing that ranges from $547 to $3,245. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rapid City ranging from $850 to $3,000.

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 $850 to $3,000 with an average monthly rent of $1,830.

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 $979 to $3,245, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $2,100. Four Bedroom Single-Family rentals are also available starting from $2,025 and Four Bedroom Apartments start at $1,058.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.