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Average Rent in Rapid City, SD & Rent Trends

What is the average studio rent in Rapid City, SD?

The average listed studio apartment rent in Rapid City, SD is $1,113 per month, last observed October 28, 2026. This sample includes 2 priced apartments in 1 building. Current availability is not confirmed.

We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.

Rent prices and market trends across 1 apartment community in Rapid City, SD. Prices update after successful source checks.

Area All Areas
Rapid City 57702 57703
Beds All Bedrooms Studio 1 Bed 2 Bed

Showing studio in Rapid City, SD.

Market Average

$1,113/mo

Lowest Listed

$1,100/mo

as of Oct 28

Communities

1

tracked daily

Units Listed

2

as of Oct 28

Is Rent Going Up or Down in Rapid City, SD?

As of October 2026, the average rent in Rapid City, SD is $1,113 per month across 1 apartment community and 2 recently listed units.

The most affordable option is Copper Ridge Apartments starting at $1,100/mo. By unit type, a studio averages $1,113/mo.

Prices range from $1,100 to $1,125 per month. The most common price point is the $1,000 range, where 2 units were listed.

Rent by Bedroom Type in Rapid City, SD

Studio
$1,113
from $1,100 · 2 units

Rent Prices by Apartment in Rapid City, SD

Property Starting at Average Units Rating
Copper Ridge Apartments $1,100/mo $1,113/mo 2 4.7

Frequently Asked Questions About Rent in Rapid City, SD

How many bedrooms are you looking for?

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Studio

What is the average studio rent in Rapid City, SD?
The average listed studio apartment rent in Rapid City, SD is $1,113 per month, last observed October 28, 2026. This sample includes 2 priced apartments in 1 building. Current availability is not confirmed.

What rent range can I find in Rapid City, SD?
The studio apartment listings we track in Rapid City, SD range from $1,100 to $1,125 per month, last verified October 28, 2026. These are the lowest and highest listed prices. They are not a typical price for every apartment. The building, floor plan, and lease terms can affect the price.

Are rents going up or down in Rapid City, SD?
There is not enough comparable history to report a reliable 30-day rent change for studio apartment listings in Rapid City, SD. Missing dates or a change in the buildings we track can prevent a comparison. The chart uses recorded prices for studio apartments with a known unit identity. It averages those prices within each building before comparing buildings. Missing history does not mean rents stayed flat.

How much is a studio apartment in Rapid City, SD?
Studio apartments average $1,113 per month across 2 priced listings in Rapid City, SD. Listed rents range from $1,100 to $1,125 per month, last verified October 28, 2026. Compare apartments with similar floor plans and lease terms.

Which tracked building has the lowest starting rent in Rapid City, SD?
Copper Ridge Apartments has the lowest starting rent among the buildings in the comparison table, at $1,100 per month. We track 2 priced listings matching your bedroom choice in that building, last verified October 28, 2026. The starting price applies to its lowest-priced matching apartment. Check that apartment's latest price and availability.

Which rent range has the most listings in Rapid City, SD?
The $1,000 to $1,200 monthly range has the most matching listings: 2 units, or 100.0% of the priced apartments we track in Rapid City, SD. This count does not tell us how fast the apartments rent.

How many apartment listings do you track in Rapid City, SD?
We track 2 priced units at 1 apartment building, last verified October 28, 2026. These are studio apartments. These are previously listed units. They are not a confirmed count of apartments available today.

How much rent history is available for Rapid City, SD?
We do not yet have enough accepted price records to draw a history chart for studio apartment listings in Rapid City, SD. Current asking prices can appear before rent history is ready. We do not fill missing history with zero or with prices for a different bedroom count.

Why can the headline rent differ from the trend chart in Rapid City, SD?
The average at the top of the page gives each matching apartment equal weight. The chart first averages recorded prices within each building, then compares buildings. It removes the highest and lowest groups when at least ten buildings contribute and omits days with fewer than five buildings. Different dates, building counts, and listing mixes can produce different figures. The monthly table averages the recorded daily figures.

Does my bedroom choice change the prices and answers?
Yes. Your chosen area and bedroom count filter the asking rents, listing counts, rent ranges, and answers on this page. The active community exclusions are Student housing and 55+ / senior community and Corporate housing and Military / active duty housing and Veteran housing. When you choose a bedroom count, the history chart uses recorded prices for matching apartments with a known identity. If those records are missing, we leave the chart empty rather than use prices for other bedroom types. Open an individual apartment to check its own price history.

Do these rents include utilities, parking, and other fees?
We use the published total monthly rent when it is available and the base rent otherwise. Unknown fees are not zero. Utilities, parking, pet charges, deposits, and one-time costs can add to the amount you pay. Check the selected unit and lease terms for a complete quote.

How should I compare free-rent offers with listed rent?
A free-rent offer can reduce the effective cost over a lease without changing the listed monthly rent. Compare the same lease length and move-in date, then include required charges and the offer conditions. The market averages do not assume an unconfirmed discount.

Does this page represent every rental in the market?
These figures describe the priced apartment listings we track, not every rental home or every occupied apartment. Coverage and the mix of bedrooms, buildings, and locations can change. A lower market average does not prove that the same apartment received a price cut.

How fresh are the Rapid City, SD rent figures?
The listed prices were last verified October 28, 2026. They describe previously listed units, not confirmed availability today. Open the building and apartment details to check for a newer price.

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

$45,000/year

Based on the 30 percent rule, using our tracked average rent of $1,113/mo.

Comfortable income

$53,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,100/mo), you need to earn at least $44,000/year.

Median household income in Rapid City, SD is $65,712 , about 23% above the comfortable-living threshold.

Explore Rapid City, SD Apartments

Browse all 1 communities with daily-updated pricing and availability.

Browse All Apartments Find Your Match

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) $1,113
Utilities $331
Groceries $526
Transportation $789
Healthcare $385
Other goods and services $615
Estimated total $3,758/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

We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.

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

We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.

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.
South Dakota Rent Trends
Compare rent across all South Dakota cities
Explore Rapid City, SD on Map
See neighborhoods and rent data interactively
US-wide rent comparison
See how Rapid City, SD rents stack up against the national median

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