Apartments for Rent in Rapid City, SD

Prices and availability in Rapid City, SD were last updated on 24 Jun 2026.

The best apartments in Rapid City, SD are: KC Lofts, The Radiant, Sedona Flats, Candlewood Apartments and Silver Springs Apartment Homes.

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

The price range for a studio apartment in Rapid City, SD is between $935 and $2,763.

The price range for a 1-bedroom apartment in Rapid City, SD is between $756 and $2,194.

The price range for a 2-bedroom apartment in Rapid City, SD is between $621 and $2,598.

The price range for a 3-bedroom apartment in Rapid City, SD is between $505 and $2,923.

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 average age of rental buildings in Rapid City is 26 years old, with 52% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 94% are garden-style apartment communities, 7% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Rapid City come in a range of sizes and floorplans. Studio apartments represent 3% 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 35% of the total apartments in the city, while 2-bedroom floorplans represent around 49% of all rentals in Rapid City. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.