Last updated
Average Rent in Rapid City, SD & Rent Trends
Rent prices and market trends across 2 apartment communities in Rapid City, SD. Updated daily.
Market Average
$1,345/mo
Lowest Available
$1,320/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
11
available now
Is Rent Going Up or Down in Rapid City, SD?
As of June 2026, the average rent in Rapid City, SD is $1,345 per month across 2 apartment communities and 11 available units.
The most affordable option is Silver Springs Apartment Homes starting at $1,320/mo. By unit type, a 2-bedroom averages $1,345/mo.
Prices range from $1,320 to $1,415 per month. The most common price point is the $1,200 range, where 9 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Rapid City, SD
Rent Prices by Apartment in Rapid City, SD
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Silver Springs Apartment Homes | $1,320/mo | $1,333/mo | 5 | 4.3 |
| Pointe West Apartments | $1,320/mo | $1,355/mo | 6 | 4.3 |
Google Search Trends for Rapid City, SD Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Rapid City, SD
What is the average rent in Rapid City, SD?
Is rent going up or down in Rapid City, SD?
What is the cheapest apartment in Rapid City, SD?
How many apartments are available in Rapid City, SD?
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
$54,000/year
Based on the 30 percent rule, using our tracked average rent of $1,345/mo.
Comfortable income
$65,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,320/mo), you need to earn at least $53,000/year.
Cost of living in Rapid City, SD
We only have live rent data for Rapid City, SD so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,345 |
| Estimated total | $1,345/mo |
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 are refreshed annually.
Explore Rapid City, SD Apartments
Browse all 2 communities with daily-updated pricing and availability.