Studio Condos for Rent in Rapid City, SD

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$1,200 Per Month
- Studio
- 1 Bath
- Condo for Rent
620 Latrobe Ave Unit Studio, Rapid City, SD 57701

All inclusive, newly remodeled, studio apartment/motel units. Queen bed, loveseat, smart tv and a kitchenette including a full-size fridge, microwave and 2 burner cooktop.$300/week with a minimum of a 4 week stay.

620 Latrobe Ave Unit Studio, Rapid City, SD 57701
Explore Rapid City
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$795 Per Month
- Studio
- 1 Bath
- 300 Sq Ft
- Condo for Rent
609 St Joseph St Unit 10, Rapid City, SD 57701

Studio apartment conveniently located in downtown Rapid City!

609 St Joseph St Unit 10, Rapid City, SD 57701
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$895 Per Month
- Studio
- 1 Bath
- 350 Sq Ft
- Condo for Rent
3737 Sturgis Rd Unit Studio, Rapid City, SD 57702

Cactus Flats has Studios that are available for an immediate move-in on the westside of Rapid City! The studio apartments come furnished, queen bed, nightstands, chair, 55" TV, Full size fridge and Microwave etc.ALL UTILITIES, CABLE, WIFI INCLUDED!Many BRAND NEW units!Rent specials are at $895 per month and can be rented on a month by month basis. A refundable $895

3737 Sturgis Rd Unit Studio, Rapid City, SD 57702
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$995 Per Month
- Studio
- 1.5 Baths
- 260 Sq Ft
- Condo for Rent
102 N Maple Ave Unit 10, Rapid City, SD 57701

Looking for a move-in-ready apartment in Rapid City with flexible lease terms?The Avanti Apartments offers fully furnished studio apartments designed for comfort and convenience!Each apartment includes:Comfortable Queen bed32” Smart TVCouch and dresserMicrowave and stovetopFull-size refrigeratorAll utilities are included in your rent — cable, Wi-Fi,

102 N Maple Ave Unit 10, Rapid City, SD 57701

South Dakota Pennington County

Frequently Asked Questions

How much does it cost to rent a condo in Rapid City, SD?

The median rent for a condo in Rapid City, SD is $995 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.

How much do you need to make to afford rent in Rapid City, SD?

To comfortably afford the median rent in Rapid City, SD, a household needs to earn roughly $39,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $995 per month in Rapid City, SD, renters typically need to show $2,985 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

Is it more affordable to rent or buy in Rapid City, SD?

In Rapid City, SD, the price-to-rent ratio is 31.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Condo Rental Trends in Rapid City, SD

There are currently 4 condos available for rent in Rapid City, SD. The median rent is $995 per month, with 1-bedroom condos renting at $895, 2-bedroom condos at $1,100 and 3-bedroom condos at $1,850.

Rental Home Trends

Number of Condos for Rent 4	Median Condo Rent $995
Median 1 Bedroom Condo Rent $895	Median 2 Bedroom Condo Rent $1,100
Median 3 Bedroom Condo Rent $1,850

How to Rent a Home

Condos for Rent by Price in Rapid City

Rentals in Rapid City

Condos for Rent by Bedrooms in Rapid City

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