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Studio Apartments for Rent in Rapid City, SD

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    Starting at $1,225 Per Month

    • Studio - 2 Beds

    545 Northern Lights Blvd, Box Elder, SD 57719

    Welcome to 10Bedrock in Box Elder, SD! This modern apartment complex offers a convenient elevator, central air for comfort, and a fitness room for residents to stay active. Pamper your furry friends at the pet spa or enjoy a refreshing dip in the outdoor pool with grills on the pool deck for outdoor cooking. Residents can take advantage of the package room for easy deliveries and stainless steel

    10Bedrock Apartments

    545 Northern Lights Blvd, Box Elder, SD 57719
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    Starting at $1,025 Per Month

    • Studio - 3 Beds

    2038 Promise Rd, Rapid City, SD 57701

    At Copper Ridge Apartments in Rapid City, SD, you'll find the atmosphere of home, the convenience of luxury apartment living, grand hotel amenities and views you won't find just anywhere. Come take a tour of Rapid City's most sought after rentals!

    Copper Ridge Apartments

    2038 Promise Rd, Rapid City, SD 57701
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    Starting at $1,030 Per Month

    • Studio - 2 Beds

    3276 Jim St, Rapid City, SD 57703

    Creekside Heights opened the first building in Fall of 2024. If you are looking for a modern, comfortable, and spacious one or two-bedroom apartment in Rapid City, Creekside Heights is the perfect choice. These newly built apartments in eastern Rapid City are distinct from other properties in the area with 9-foot ceilings and higher quality finishes and amenities. We feature amenities such as a

    Creekside Heights Apartments, LLC

    3276 Jim St, Rapid City, SD 57703
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    Starting at $1,100 Per Month

    • Studio - 2 Beds

    100 Saint Joseph St, Rapid City, SD 57701

    The Elements is a brand-new apartment building located in downtown Rapid City. The four-story building includes studio units, one-bedroom units and two-bedroom units which opened February 2024. Featured amenities include a community room, fitness center, underground and surface parking and guest suites.

    The Elements, LLC

    100 Saint Joseph St, Rapid City, SD 57701
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    Starting at $995 Per Month

    • Studio - 2 Beds

    1050 S Valley Dr, Rapid City, SD 57703

    Moonlight Apartment Complex

    1050 S Valley Dr, Rapid City, SD 57703
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    Starting at $990 Per Month

    • Studio - 2 Beds

    4404 Candlewood Place, Rapid City, SD 57702

    Discover the ease of living at Candlewood Apartments, a quiet, well-maintained community tucked into one of Rapid City's most convenient neighborhoods. Our one and two-bedroom apartments are designed with simplicity and comfort in mind, offering practical layouts, plenty of natural light, and the space you need to make it your own.Each home includes must-haves like in-unit laundry, walk-in

    Candlewood Apartments

    4404 Candlewood Place, Rapid City, SD 57702
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    Starting at $1,085 Per Month

    • Studio - 3 Beds

    5102 Shelby Ave, Rapid City, SD 57701

    Split Creek Commons offers unique home options with studio through 3-bedroom apartments. We offer a beautiful array of modern finishes starting with our light wood flooring, dark cabinetry and bright walls. You'll love our spacious floor plans. We even have a unique two-story townhome-style apartment with two bedrooms and a den if you're looking for extra space. When you want to

    Split Creek Commons

    5102 Shelby Ave, Rapid City, SD 57701
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    Starting at $970 Per Month

    • Studio - 3 Beds

    3220 Champion Dr, Rapid City, SD 57701

    Welcome to Champion Villas in Rapid City, South Dakota!Champion Villas offers spacious one-, two-, and three-bedroom apartments with functional layouts that provide the room you need to live comfortably.Each apartment is thoughtfully equipped with features that make daily life easier, including efficient kitchen appliances, and an in-unit washer and dryer. Spacious floor plans

    Champion Villas

    3220 Champion Dr, Rapid City, SD 57701
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    Starting at $975 Per Month

    • Studio - 2 Beds

    4144 Haines Ave, Rapid City, SD 57701

    These brand-new apartment homes feature private covered outside entrance. Check out the size of these large open concept floor plans, this gives you an airy feel to the home. You will also enjoy the large kitchen with ample cabinet space, convenient 21 cubic foot refrigerator with ice maker, built-in microwave, dishwasher, electric range with self-cleaning, also included a full-size front load

    Countryside Apartments

    4144 Haines Ave, Rapid City, SD 57701
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    Starting at $975 Per Month

    • Studio - 1 Bed

    3411 Jaffa Garden Way, Rapid City, SD 57703

    Welcome to Orchard Meadows!These brand-new apartment homes feature private covered outside entrance. Check out the size of these large open concept floor plans, this gives you an airy feel to the home. You will also enjoy the large kitchen with ample cabinet space, convenient 21cubic foot refrigerator with ice maker, built-in microwave, dishwasher, electric range with self-cleaning, also

    Orchard Meadows

    3411 Jaffa Garden Way, Rapid City, SD 57703
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    Starting at $930 Per Month

    • Studio - 3 Beds

    3741 Canyon Lake Dr, Rapid City, SD 57702

    Welcome to Canyon Lake Apartments, Rapid City's destination for community-centered apartment living. Our studio, 1, 2, and 3 bedroom floor plans effortlessly balance comfort, style, and spaciousness. Each home is fitted with energy efficient appliances, traditional cabinetry, plush carpeting, and a personal air conditioning unit for year-round comfort. Schedule your tour today and discover your

    Canyon Lake

    3741 Canyon Lake Dr, Rapid City, SD 57702
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    Starting at $930 Per Month

    • Studio - 1 Bed

    3200 Jaffa Garden -1, Rapid City, SD 57703

    Welcome to BG Flats in Rapid City, South Dakota. Discover comfortable, modern living in one of Rapid City’s fastest growing areas. BG Flats offers thoughtfully designed studio, one-, and two-bedroom apartments with functional layouts that fit a variety of lifestyles. Tucked perfectly within the Orchard Meadows subdivision, BG Flats provides a peaceful residential setting while being part

    BG Flats Apartments

    3200 Jaffa Garden -1, Rapid City, SD 57703
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    Starting at $950 Per Month

    • Studio - 2 Beds

    4815 5th St, Rapid City, SD 57701

    Come see our beautiful new community!We come with all full sized, stainless steel appliances with in unit washer and dryer, walk in closets, carpets, patios decks and much more such as but not limited to:* Keyless entry* GaragesWithin walking distance to Monument Health Care, retail and dining!Pets welcome!Give us a call or email us today!

    Enchanted Pines

    4815 5th St, Rapid City, SD 57701
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    Starting at $975 Per Month

    • Studio - 3 Beds

    2076 Providers Blvd, Rapid City, SD 57703

    Johnson RanchThese brand-new apartment homes located off St. Patrick and Hwy. 44 feature private covered outside entrance. Check out the size of these large open concept floor plans, this gives you an airy feel to the home. You will also enjoy the large kitchen with ample cabinet space, convenient 21cubic foot refrigerator with ice maker, built-in microwave, dishwasher, electric range with

    Johnson Ranch Apartments

    2076 Providers Blvd, Rapid City, SD 57703
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    $995 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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    $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

Why Live in Rapid City

Rapid City combines outdoor adventure with cultural attractions at the gateway to Mount Rushmore and the Black Hills. Downtown's unique City of Presidents Walking Tour features life-size bronze presidential statues, while Main Street Square hosts year-round events from summer concerts to winter ice skating. Art Alley showcases local creativity through ever-changing street murals. Families enjoy Storybook Island's seasonal themed park and Bear Country USA's drive-through wildlife experiences. The dining scene includes Dakotah Steakhouse serving regional specialties like elk and buffalo, while Firehouse Brewing Co operates from a historic 1915 firehouse. Kathmandu Bistro brings international flavors to an 1886 downtown building.

The housing market presents diverse options across distinct neighborhoods. Colonial Pine Hills commands the highest median single family home prices at $503,000, while North Rapid City offers more affordable options with a median of $250,000. The citywide median sale price stands at $360,500, with median townhome prices at $385,000. One-bedroom condos start at a median of $211,300, increasing to $290,300 for two bedrooms.

Living costs run 5.2% below the national average. A family with school-age children needs approximately $100,000 annually to live comfortably, while renters should aim for $55,000. Property taxes in Pennington County sit at 1.13%, higher than nearby Spearfish at 0.86%. South Dakota charges no state income tax and maintains a 4.2% state sales tax.

The public school system includes Stevens High School and Southwest Middle School, both rated B Plus by Niche. The private Rapid City Catholic School System, rated A Minus, serves multiple neighborhoods. South Dakota School of Mines and Technology provides higher education opportunities. The Rapid Transit System operates fixed bus routes Monday through Saturday, though most residents rely on personal vehicles.

Frequently Asked Questions

How much does it cost to rent a home in Rapid City, SD?
The median rent for a home in Rapid City, SD is $1,200 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and 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 $48,000 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 $1,200 per month in Rapid City, SD, renters typically need to show $3,600 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 25.8, 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.

Rental Home Trends

Number of Homes for Rent
16
Median Rent
$1,200
Median Single Family Home Rent
$1,613
Median Townhouse Rent
$1,475
Median Condo Rent
$1,000
How to Rent a Home