Average Rent in Rapid City, SD
4 apartment buildings, 25 units. Daily asking prices with rent history for every building.
Avg Rent
$1,389/mo
median $1,375
market average
Cheapest
$1,025/mo
Copper Ridge Apartments
Properties
4
tracked daily
Units
25
available now
Rapid City, SD Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 4 properties in Rapid City, SD.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Rapid City, SD Rent Prices
All 4 properties ranked by lowest available rent.
Copper Ridge Apartments
2038 Promise Rd, Rapid City, SD 57701, USA
Tallgrass Apartments
2126 E Philadelphia St, Rapid City, SD 57703, USA
Pointe West Apartments
3945 Pointe W Pl, Rapid City, SD 57702, USA
Silver Springs Apartment Homes
501 City Springs Rd, Rapid City, SD 57702, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Copper Ridge Apartments 2038 Promise Rd, Rapid City, SD 57701, USA | $1,025 | $1,461 | $2.92/ft² | 4.7 (127) | 15 |
| 2 | Tallgrass Apartments 2126 E Philadelphia St, Rapid City, SD 57703, USA | $1,075 | $1,263 | $2.52/ft² | 4.5 (60) | 4 |
| 3 | Pointe West Apartments 3945 Pointe W Pl, Rapid City, SD 57702, USA | $1,190 | $1,287 | $1.71/ft² | 4.3 (84) | 5 |
| 4 | Silver Springs Apartment Homes 501 City Springs Rd, Rapid City, SD 57702, USA | $1,315 | $1,315 | $1.49/ft² | 4.3 (47) | 1 |
Rent & Price History by Building
Copper Ridge Apartments
4.7 (127)2038 Promise Rd, Rapid City, SD 57701, USA
Tallgrass Apartments
4.5 (60)2126 E Philadelphia St, Rapid City, SD 57703, USA
Pointe West Apartments
4.3 (84)3945 Pointe W Pl, Rapid City, SD 57702, USA
Silver Springs Apartment Homes
4.3 (47)501 City Springs Rd, Rapid City, SD 57702, USA
By Area
Rapid City, SD neighborhoods
Tracked buildings across 2 named neighborhoods. Pick one to see its apartments.
Rapid City, SD Average Rent Prices 2026
The average rent in Rapid City, SD is $1,389 per month, based on 25 units across 4 apartment communities. Prices range from $1,025 at Copper Ridge Apartments to $1,775 at Copper Ridge Apartments.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,394/mo | $1,025/mo | 7 |
| 1 Bed | $1,311/mo | $1,190/mo | 9 |
| 2 Bed | $1,411/mo | $1,285/mo | 7 |
| 3 Bed | $1,638/mo | $1,500/mo | 2 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Rapid City, SD, and what they pay
Tracked one-bedroom rent in Rapid City, SD averages $1,311/mo, with two-bedroom units averaging $1,411/mo. At the local median household income of $65,712, that works out to 25% of gross income, well within the 25 percent comfortable-rent threshold.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Rapid City, SD at $1,053/mo. The current tracked market average runs 32% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Rapid City, SD while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Rapid City, SD?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$56,000/year
Based on the 30 percent rule, using our tracked average rent of $1,389/mo.
Comfortable income
$67,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,025/mo), you need to earn at least $41,000/year.
Median household income in Rapid City, SD is $65,712 , about 1% below the comfortable-living threshold.
Cost of living in Rapid City, SD
Overall prices in Rapid City, SD runs below the national average by about 10% (BEA Regional Price Parity index 90.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Rapid City, SD's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,389 |
| Utilities | $331 |
| Groceries | $526 |
| Transportation | $789 |
| Healthcare | $385 |
| Other goods and services | $615 |
| Estimated total | $4,034/mo |
Population
76,836
Median household income
$65,712
Census median rent
$1,053/mo
Census rent burden
29.0%
Median age
39.0
Mean commute
17 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in South Dakota
How Rapid City, SD rent compares to other markets in the state.
| City | Avg Rent | vs Rapid City, SD | 30-Day Change | Properties |
|---|---|---|---|---|
| Sioux Falls, SD | $1,268 | -9% | -2.1% | 6 |
Frequently asked questions
What is the average rent in Rapid City, SD?
The average rent in Rapid City, SD is $1,389 per month, based on 25 units across 4 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the median rent in Rapid City, SD?
The median asking rent in Rapid City, SD is $1,375 per month, computed from 25 live listed units and refreshed daily. The average is $1,389/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Rapid City, SD?
The lowest available rent in Rapid City, SD starts at $1,025 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Rapid City, SD?
1-bedroom apartments in Rapid City, SD average $1,311/mo. The lowest listed 1-bedroom starts at $1,190/mo across 9 units tracked.
How much is a 2-bedroom apartment in Rapid City, SD?
2-bedroom apartments in Rapid City, SD average $1,411/mo. Units start from $1,285/mo across 7 units currently listed.
Rent Trends in Rapid City, SD
Track how apartment prices are changing over time.
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