Rentometer, Inc. | Data as of 10/22/2025
Rapid City’s rental market blends the vibrant energy of a thriving downtown with the expansive, natural beauty of the Black Hills, making it an appealing destination for professionals, families, and outdoor enthusiasts alike. The city offers a balanced mix of apartments and single‑family homes, providing options that suit a wide range of lifestyle preferences. Proximity to iconic attractions such as Mount Rushmore and the Badlands National Park enhances the appeal for those who value both cultural amenities and easy access to outdoor recreation.
Renters can choose from a variety of housing types that accommodate different space needs and budgets. Studio apartments typically fall in the low $1000s, while one‑bedroom units often rent in the $1200 range. Two‑bedroom apartments are commonly found in the $1400 bracket, and three‑bedroom units approach the $1600 level. For those seeking a house, one‑bedroom homes are generally priced around $1100, two‑bedroom homes near $1400, and three‑bedroom homes in the $1900 range. Larger family homes with four or more bedrooms are available in the $2400 range, offering spacious living for growing households.
Neighborhoods such as Downtown Rapid City, Canyon Lakes, and the Westside each bring distinct character—whether it’s the urban loft vibe of the downtown core, the family‑friendly parks of Canyon Lakes, or the quiet suburban streets of the Westside. The city’s strong rental inventory supports both long‑term residents and seasonal renters drawn by local festivals, art scenes, and the surrounding natural attractions, ensuring a dynamic and welcoming community for all who call Rapid City home.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,050 | $1,020 | $485 - $2,050 | $975 - $1,033 |
| Apartment | 1 Bedroom | $4,103 | $1,242 | $590 - $99,500 | $1,105 - $1,347 |
| Apartment | 2 Bedroom | $1,423 | $1,400 | $479 - $3,850 | $1,175 - $1,575 |
| Apartment | 3 Bedroom | $1,628 | $1,655 | $997 - $2,150 | $1,495 - $1,800 |
| House | 1 Bedroom | $1,128 | $947 | $600 - $2,750 | $850 - $1,199 |
| House | 2 Bedroom | $1,387 | $1,365 | $452 - $2,300 | $1,125 - $1,650 |
| House | 3 Bedroom | $1,934 | $1,895 | $795 - $7,500 | $1,525 - $2,250 |
| House | 4+ Bedroom | $2,449 | $2,372 | $1,300 - $4,300 | $2,200 - $2,600 |
In the current period, the average rent in Rapid City was $1,051 for Studio, $3,727 for 1 Bedroom, $1,413 for 2 Bedroom, $1,832 for 3 Bedroom, and $2,329 for 4+ Bedroom.
Data provided by Rentometer, Inc.