Cheap Homes for Rent in Rapid City, SD from $900 (21 Rentals)

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Search the lowest-cost Homes available for rent right now in 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 109 Saint Anne St

$1,500

Total Monthly Price

Total Monthly Price

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

3 Bedroom, 1 Bath Home for Rent

Available Now

109 Saint Anne St

Rapid CitySD57701
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

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 1-21, Page 1 of 1

Rapid City, SD Local Guide

Cheapest Neighborhoods for Apartments in Rapid City, SD

Pricing Updated: 08/21/2026

Current apartment rentals in the Rapid City, SD area range in price from $900 to $3,700 with an overall median price of $1,950. Here is today’s list neighborhoods with the lowest median pricing for Rapid City Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Rapid City$1,950$9009

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. LaCrosse Estates Apartment Homes in the Downtown Rapid City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $886. 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
LaCrosse Estates Apartment HomesHOT SIZZLIN SUMMER DEALS! $500 DEPOSIT! NO APPL...1BR,1BA$886
3010 W Omaha St2BR/1.0BA2BR,1BA$895
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$900
Canyon LakeThe TeddyStudio,1BA$930

Best Value Apartments for Rent in Rapid City, SD

As of August 21, 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
107 Franklin St, Unit 107 1/2 Franklin107 Franklin St2BR,1BA$1.12
Vista Pointe Apartments2-Bed 1 Bath2BR,1BA$1.32
Johnson Ranch Apartments1 Bedroom 1 Bathroom1BR,1BA$1.33
3010 W Omaha St2BR/1.0BA2BR,1BA$1.12
215 E Denver St, Unit 215215 E Denver St1BR,1BA$1.20
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$1.22
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$1.29
214 E Denver St, Unit 217.5214 E Denver St1BR,1BA$1.23

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
Rapid City, SD

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

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Frequently Asked Questions about Rapid City

What type of rentals are currently available in Rapid City?

There are currently 156 Apartments for Rent in Rapid City, SD with pricing that ranges from $547 to $3,020. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rapid City ranging from $900 to $3,700.

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 $3,700 with an average monthly rent of $1,937.

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 $1,060 to $2,981, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,950 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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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.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.