Cheap Apartments for Rent near Rapid Valley, SD from $547 (36 Rentals)

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Search the lowest-cost Apartments available for rent right now in Rapid Valley.

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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Prairie Tree
$1,035 - $1,245
Total Monthly Price

Total Monthly Price

Base Rent
$1,035 - $1,245
Total Monthly Price
$1,035 - $1,245
1 to 2 Bedroom Apartments Available Nov 7

Prairie Tree

4010 Elm AveRapid City, SD 57701
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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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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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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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Showing Results 1-36, Page 1 of 1

Cheapest Available Rapid Valley Apartments for Rent and Nearby

 

The cheapest available apartment rental in Rapid Valley, 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 Valley 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
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$900
Enchanted PinesStudioStudio,1BA$950
Tallgrass ApartmentsAStudio,1BA$1,000
Orchard MeadowsStudioStudio,1BA$1,000
Creekside Heights Apartments, LLCEfficiencyStudio,1BA$1,035
Sagebrush Flats1 Bed, 1 bath1BR,1BA$1,052
Country Bluff ApartmentsThe Lincoln2BR,1BA$1,175
Johnson Ranch Apartments1 Bedroom 1 Bathroom1BR,1BA$1,225

Best Value Apartments for Rent in Rapid Valley, SD and Nearby

As of August 22, 2026 the best value apartment in the Rapid Valley area is the $1.41 price per square foot Townhome Style 3 Bedroom 2.5 Bathroom w/Garage Model at Shepherd Hills Commons in the starting from $1,915. The second greatest value Rapid Valley apartment is the The Rose Model at Homestead Garden starting at $1,595 with a $1.34 price per square foot . Here is today’s list of the best values for Rapid Valley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shepherd Hills CommonsTownhome Style 3 Bedroom 2.5 Bathroom w/Garage3BR,2.5BA$1.41
Homestead GardenThe Rose2BR,2BA$1.34
Mountain View Village3 Bedroom3BR,2BA$1.45
Vista Pointe Apartments2-Bed 1 Bath2BR,1BA$1.32
Sedona Flats2 Bedroom 2 Bathroom2BR,2BA$1.60
The Pines at Rapid1/11BR,1BA$1.35
Johnson Ranch Apartments1 Bedroom 1 Bathroom1BR,1BA$1.33
Country Bluff ApartmentsThe Lincoln2BR,1BA$1.36
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$1.22
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$1.29

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

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

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.