Rentometer, Inc. | Data as of 10/23/2025
Pennington County, anchored by the vibrant city of Rapid City and framed by the stunning Black Hills, offers a diverse mix of rental options that appeal to young professionals, families, and retirees alike. The local rental market balances historic charm with modern convenience, featuring everything from sleek studio apartments downtown—often renting in the $1000‑range with a median just above $1000—to spacious multi‑bedroom homes nestled near natural attractions like Bear Butte and the Dakota Parks. Prospective renters will appreciate easy access to cultural highlights such as the Journey Museum, the bustling Main Street shopping district, and outdoor recreation at the nearby Rapid Creek, making Pennington a compelling place to call home.
Across the county, rental pricing reflects a healthy variety of property types. One‑bedroom apartments command a broad spectrum, with average rents approaching the $2500 range while median rates remain modestly above $1200, offering flexibility for different budgets. Two‑ and three‑bedroom units typically settle in the $1400‑$1700 bracket, providing comfortable space for growing families. Single‑family houses follow a similar pattern, with one‑bedroom homes averaging around $1200 and larger four‑plus‑bedroom residences reaching the $2500 range, median values hovering near $2400. Whether you’re seeking the convenience of an urban apartment or the tranquility of a suburban house, Pennington County’s rental landscape delivers options that match both lifestyle preferences and financial considerations, all set against the backdrop of South Dakota’s renowned natural beauty.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,075 | $1,025 | $485 - $2,050 | $975 - $1,159 |
| Apartment | 1 Bedroom | $3,842 | $1,245 | $590 - $99,500 | $1,105 - $1,350 |
| Apartment | 2 Bedroom | $1,422 | $1,400 | $479 - $3,850 | $1,180 - $1,575 |
| Apartment | 3 Bedroom | $1,640 | $1,665 | $997 - $2,150 | $1,495 - $1,800 |
| House | 1 Bedroom | $1,211 | $1,045 | $600 - $2,750 | $900 - $1,500 |
| House | 2 Bedroom | $1,442 | $1,450 | $452 - $2,300 | $1,200 - $1,775 |
| House | 3 Bedroom | $1,955 | $1,895 | $795 - $7,500 | $1,595 - $2,295 |
| House | 4+ Bedroom | $2,527 | $2,395 | $1,300 - $5,000 | $2,200 - $2,700 |
In the current period, the average rent in Pennington was $1,080 for Studio, $3,484 for 1 Bedroom, $1,428 for 2 Bedroom, $1,846 for 3 Bedroom, and $2,373 for 4+ Bedroom.
Data provided by Rentometer, Inc.