Apartments for Rent in Hot Springs, SD

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

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

In Hot Springs, 38% of the residents are renting compared to 62% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 31% of Hot Springs's rentals, 38% are small-scale complexes with under 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.