Apartments for Rent in Rapid City, SD

Prices and availability in Rapid City, SD were last updated on 23 Aug 2026.

The best apartments in Rapid City, SD are: Homestead Garden, Canyon Lake, KC Lofts, Prairie Tree and Pointe West Apartments.

The average rent in Rapid City, SD is $1,269.

The price range for a studio apartment in Rapid City, SD is between $925 and $3,137.

The price range for a 1-bedroom apartment in Rapid City, SD is between $505 and $2,873.

The price range for a 2-bedroom apartment in Rapid City, SD is between $621 and $3,137.

The price range for a 3-bedroom apartment in Rapid City, SD is between $505 and $2,873.

In Rapid City 37% of the housing is rented out compared to 63% of homes are owned, according to the most recent Census Bureau estimates. 14% of Rapid City's apartments are found in large buildings of 50 units or more, 67% are located in smaller apartment complexes with less than 50 units, and 18% 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 Rapid City are about 26 years old, on average. Of these, 52% 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 3 stories. About 94% of the rental communities here are low-rise, garden-style communities, 7% 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 Rapid City are around 3% of rentals, while 1-bedroom floor plans represent 35% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 49% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.