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Spearfish, SD Homes for Rent

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  • /20

    Starting at $1,450 Per Month

    • 2 - 3 Beds

    2975 Aspen Dr, Spearfish, SD 57783

    Living is easy here at Silver Leaf! Our Apartments and Townhomes are popular for their modern comfort and convenient location. We have a great community that we love in a fantastic location! Grocery stores, restaurants, bus stops, shopping are all nearby. We have 1, 2, and 3 bedroom options.

    Spearfish Estates

    2975 Aspen Dr, Spearfish, SD 57783
  • /26

    $3,800 Per Month

    • 4 Beds
    • 3 Baths
    • 2,944 Sq Ft
    • House for Rent

    188 Oak Ridge Rd, Spearfish, SD 57783

    For more information, please contact listing agents Scot Munro 605-641-6482 or Heath Gran 605-209-2052 with Great Peaks Realty. This exceptional rental offers a rare combination of privacy, space, comfort, and spectacular views—all just minutes from Spearfish! Experience Black Hills living in this beautiful multi-level home on 4.44 acres offering breathtaking views, peaceful privacy, and spacious

    Scot Munro Great Peaks Realty

    188 Oak Ridge Rd, Spearfish, SD 57783
  • /70

    $8,168

    Total Monthly Price

    • 6 Beds
    • 3 Baths
    • 2,992 Sq Ft
    • Condo for Rent

    3213 Hemlock Ct Unit SI ID1296500P, Spearfish, SD 57783

    The advertised rate of $8,168/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 28, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    3213 Hemlock Ct Unit SI ID1296500P, Spearfish, SD 57783
  • /11

    $3,000 Per Month

    • 3 Beds
    • 2.5 Baths
    • Fully Furnished Rental!

    327 State St, Spearfish, SD 57783

    Welcome to this charming 3-bedroom, 2.5-bathroom home located in Spearfish, SD. This cozy fully furnished house features air conditioning to keep you comfortable year-round, a convenient washer/dryer in unit, and a dishwasher for easy clean-up. The attached garage provides parking and storage space, while the backyard offers a private outdoor oasis. The fenced-in backyard is perfect for pets or

    327 State St, Spearfish, SD 57783
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    $4,500 Per Month

    • 6 Beds
    • 3 Baths
    • 3,502 Sq Ft
    • House for Rent

    7758 Brooks Lp, Spearfish, SD 57783

    This chic accommodation is ideal for families. Nestled on the Elkhorn Ridge Golf Course, it's just a few minutes away from downtown Spearfish. The home boasts six beautifully appointed bedrooms, each providing stunning and distinct views. With a gorgeous outdoor living space, a three-car garage, and a great room featuring a foosball table, this residence offers a luxurious retreat.Modern design

    7758 Brooks Lp, Spearfish, SD 57783

Why Live in Spearfish

Spearfish, South Dakota, known as "The Queen City," is a suburban area surrounded by three peaks in the northern Black Hills. With a population of 13,000, it attracts families, retirees, and second-homeowners due to its natural beauty and small-town atmosphere. Located 45 miles from Rapid City and 12 miles east of Wyoming, Spearfish offers a robust economy with industries such as tourism, health care, education, mining, and timber. The Spearfish School District is highly rated, serving 2,423 students across three elementary schools, a middle school, and a high school. Black Hills State University, a four-year public university, is also located here. Housing options range from modest manufactured homes to luxury estates, with new homes continually being built. Outdoor activities are abundant, including hiking, rock climbing, skiing, and fly-fishing, with over 50 miles of trails and popular spots like Big Hill and Eagle Cliff. The city has 16 developed parks connected by an 8-mile path, sports fields, a skate park, and a winter ice rink. Downtown Spearfish is walkable, featuring dining, shopping, and entertainment options, including the Matthews Opera House and Art Gallery. Interstate 90 runs through the city, and the Rapid City Regional Airport is 50 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Spearfish, SD?
The median rent for a home in Spearfish, SD is $3,000 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 Spearfish, SD?
To comfortably afford the median rent in Spearfish, SD, a household needs to earn roughly $120,000 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 $3,000 per month in Spearfish, SD, renters typically need to show $9,000 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 Spearfish, SD?
In Spearfish, SD, the price-to-rent ratio is 12.7, 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
5
Median Rent
$3,000
Median Single Family Home Rent
$3,500
Median Condo Rent
$900
How to Rent a Home