Apartments for Rent in Hot Springs, SD

Prices and availability in Hot Springs, SD were last updated on 11 Jul 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 average age of rental buildings in Hot Springs is 50 years old, with none being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 6 stories, of which 46% are garden-style apartment communities, all are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Hot Springs come in a range of sizes and floorplans. Studio apartments represent 6% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 92% of the total apartments in the city, while 2-bedroom floorplans represent around 2% of all rentals in Hot Springs. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.