Apartments for Rent in Spearfish, SD

Prices and availability in Spearfish, SD were last updated on 7 Jun 2026.

The best apartment in Spearfish, SD is: Hollow Gulch.

The average rent in Spearfish, SD is $1,008.

The price range for a studio apartment in Spearfish, SD is between $999 and $1,399.

The price range for a 1-bedroom apartment in Spearfish, SD is between $1,279 and $1,529.

The price range for a 2-bedroom apartment in Spearfish, SD is between $1,557 and $1,837.

In Spearfish 50% of the housing is rented out compared to 50% of homes are owned, according to the most recent Census Bureau estimates. 7% of Spearfish's apartments are found in large buildings of 50 units or more, 65% are located in smaller apartment complexes with less than 50 units, and 20% 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 Spearfish are about 33 years old, on average. Of these, 34% 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 all of the rental communities here are low-rise, garden-style communities, none 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 Spearfish are around 0% of rentals, while 1-bedroom floor plans represent 47% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 50% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.