Rentometer, Inc. | Data as of 10/22/2025
Spearfishâs metro area offers a vibrant blend of mountainâside living and modern convenience, making it a soughtâafter destination for renters seeking both comfort and outdoor adventure. The rental market features a mix of singleâfamily homes and a variety of apartment communities, with the majority of new residents gravitating toward wellâmaintained buildings that provide easy access to downtownâs boutique shops, cafĂŠs, and cultural venues. Proximity to landmarks such as the stunning Spearfish Canyon, the historic downtown district, and the bustling campus of Northern State University adds to the areaâs appeal, while neighborhoods like Elkton and the Riverwalk district offer quieter, familyâfriendly streets surrounded by parks and trailheads.
Apartment rentals in Spearfish present a range of options for different lifestyles. Oneâbedroom units typically rent in the $1080s, with median rents hovering around the $1100 level, offering an affordable entry point for young professionals and students. Twoâbedroom apartments command a higher tier, averaging in the $1400s and reaching median rates in the $1550 range, appealing to growing families and those desiring extra space for home offices or guests. The marketâs balance of price points, combined with the areaâs natural beauty, recreational amenities, and strong community vibe, makes Spearfish a compelling choice for renters looking to enjoy the best of South Dakotaâs outdoors while staying connected to urban conveniences.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,080 | $1,100 | $1,000 - $1,120 | $1,100 - $1,120 |
| Apartment | 2 Bedroom | $1,400 | $1,512 | $1,000 - $1,575 | $1,475 - $1,575 |
In the current period, the average rent in Spearfish, SD was
$1,080 for 1 Bedroom, and
$1,360 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.