Apartments for Rent in Hot Springs, SD

Prices and availability in Hot Springs, SD were last updated on 20 Jun 2026.

The best apartment in Hot Springs, SD is: Mountain View Apartments.

In Hot Springs 38% of the housing is rented out compared to 62% of homes are owned, according to the most recent Census Bureau estimates. 31% of Hot Springs's apartments are found in large buildings of 50 units or more, 38% are located in smaller apartment complexes with less than 50 units, and 25% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Hot Springs are about 50 years old, on average. Of these, none have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 6 stories. About 46% of the rental communities here are low-rise, garden-style communities, all are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Hot Springs are around 6% of rentals, while 1-bedroom floor plans represent 92% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 2% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.