Apartments for Rent in Spearfish, SD

Prices and availability in Spearfish, SD were last updated on 19 May 2026.

The best apartments in Spearfish, SD are: Hollow Gulch and 120 N 7th St, Unit Upper.

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 $1,534.

The price range for a 2-bedroom apartment in Spearfish, SD is between $999 and $1,839.

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.

Rental apartments in Spearfish come in a range of sizes and floorplans. Studio apartments represent 0% 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 47% of the total apartments in the city, while 2-bedroom floorplans represent around 50% of all rentals in Spearfish. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.