Rentometer, Inc. | Data as of 10/22/2025
Spearfish’s rental market blends the charm of a small‑city atmosphere with the convenience of modern housing options, making it a sought‑after destination for students, professionals, and outdoor enthusiasts alike. The city offers a variety of apartments, many featuring one‑bedroom layouts that cater to those seeking a comfortable, low‑maintenance living space. These units typically rent in the $1000–$1100 range, reflecting the balanced cost of living that draws residents to the area. In addition to apartments, the market includes single‑family homes that provide more space for families and those desiring a private yard.
Located at the foothills of the Black Hills, Spearfish benefits from easy access to iconic natural attractions such as Spearfish Canyon, the historic downtown district, and the nearby ski slopes of the nearby mountains. Neighborhoods like Southside and the campus‑adjacent area near Black Hills State University offer a mix of historic bungalows and newer condo developments, creating a vibrant community feel. Residents enjoy a walkable downtown with boutique shops, locally‑owned cafés, and seasonal festivals that celebrate the region’s rich heritage.
The city’s rental landscape is supported by a stable employment base, including education, healthcare, and tourism sectors, which helps maintain consistent demand for quality housing. With its blend of scenic beauty, cultural attractions, and a welcoming community, Spearfish continues to be a compelling choice for renters seeking both lifestyle and affordability in South Dakota.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,073 | $1,100 | $1,000 - $1,120 | $1,000 - $1,120 |
In the current period, the average rent in Spearfish was
$1,073 for 1 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.