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Tallgrass Apartments apartments in Rapid City, SD

Updated

Tallgrass Apartments

2126 E Philadelphia St, Rapid City, SD 57703, USA

4.5 (60 reviews) Official Website

Live pricing, refreshed

4
Units Listed
$1,075
Starting at
$1,263
Average
$1,350
Highest
$2.52
Per Sq Ft
PRO
Avg Days Listed

How does this compare? View Rapid City 57703 rent trends

Beds

Pricing by Bedroom

Studio
$1,075
from $1,075 · 1 units
~500 sqft avg
1 Bed
$1,325
from $1,300 · 3 units
~500 sqft avg

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (5)

Last 15 days

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

  • Building size: modeled from how many distinct units we have observed over time
  • Occupancy: building size minus currently listed units
  • Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: observed data only.

Observed Lease Revenue

$9,250/mo

from 5 tracked leases; not enough coverage yet for a whole-building estimate

Effective Rent on New Leases

$1,850

vs $1,263 current asking

Recent Lease Activity

9 units tracked; 5 assumed leased, 4 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

  • +30 pts: 15+ units currently listed
  • +25 pts: Active move-in specials
  • +20 pts: Deep discounts (>$150/mo off)
  • +15 pts: 5+ distinct floor plans
  • +10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

4

Limited availability

0 floor plans

Move-in Specials

0

No active promotions

Negotiation Leverage

Limited leverage

High demand property with less room to negotiate on price.

Price vs. Rapid City, SD

Similar

Comparing this building against 3 similar Rapid City, SD apartments by price. Click any bar to view that building.

See rent trends on the Rapid City, SD map Explore Rapid City, SD on the interactive map

Available Units

4 units
Studio
$1,075/mo
500 ft² · $2.15/ft² · #1
Down $250 since Aug 14 (was $1,325)
1 Bed
$1,300/mo
500 ft² · $2.60/ft² · #2
Up $25 since Sep 12 (was $1,275)
1 Bed
$1,325/mo
500 ft² · $2.65/ft² · #3
Down $175 since Sep 24 (was $1,500)
1 Bed
$1,350/mo
500 ft² · $2.70/ft² · #4
Down $390 since Sep 17 (was $1,740)

Garages and parking

Parking, wellness and pet policy details for this building are available to Pro members: garage type and any monthly fee, bike storage, EV charging, amenities such as a sauna or cold plunge, and stated pet rent and weight limits.

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City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Rapid City, SD notes

No resident notes for this property yet.

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Rapid City 57703 Rent Trends

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