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Apartments for Rent in Rapid City, SD under $700

Quick filters
  • 1 bd $505+
    2 bd $621+
    Base rent Income restricted
    Verified Listing

    Blackstone Flats

    846 N. Valley Dr., Rapid City, SD 57703
    Apply online • In unit laundry • Dishwasher
  • 1 bd $480+
    2 bd $575+
    Base rent Income restricted
    Verified Listing

    Springs Edge Apartments

    5.0 (3)
    530 E Stumer Rd, Rapid City, SD 57701
    Apply online • Pet friendly • In unit laundry
  • 2-0-city

Frequently asked questions

When were prices and availability in Rapid City, SD last updated?

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

What are the best apartments in Rapid City, SD?

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

What type of rental buildings are in Rapid City, SD?

In Rapid City, 37% of the residents are renting compared to 63% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 14% of Rapid City's rentals, 67% are small-scale complexes with under 50 units, and 18% are single-family rentals.

Renting apartments in Rapid City, SD under $700

Are you looking for a smart space where you can easily combine comfort with convenience? You will surely find the property that perfectly fits your needs with this variety of options. RentCafe offers you 3 apartments for rent in Rapid City, SD from 2 modern buildings, so you’ll certainly find something suitable for you. If you want to live alone or with your partner, you might want to look for a studio or browse through our selection of 1 bedroom apartments. If you need more space but you don’t want to spend more than necessary on a monthly rent, check out our 2 bedroom or 3 bedroom apartments for less than $700, and make the most out of your budget.

Finding the best rental near you

Rapid City, SD is an amazing place to call home, with several rentals under $700 for you to choose from. There are many options and filters you can apply to your search to make the process easier and to find your next apartment faster and more efficiently. Asking yourself ‘are there any cheap apartments near me’? With our helpful filters, you can easily find the home of your dreams that also fits within your budget. With rent prices as low as $480 in Rapid City, SD, you can find affordable and appealing apartments that match your requirements. Sort your search by ‘Rent’ ascending to see the cheapest ones at the top of the list. As soon as you find your perfect apartment, make sure to contact the property to check for availability or apply online directly on RentCafe.