Apartments for Rent in Rapid City, SD

Prices and availability in Rapid City, SD were last updated on 8 Sep 2026.

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

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 $1,008 and $2,476.

The price range for a 2-bedroom apartment in Rapid City, SD is between $1,008 and $3,137.

The price range for a 3-bedroom apartment in Rapid City, SD is between $1,065 and $2,686.

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.

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.