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Newest Homes for Rent in Spearfish, SD

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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
  • /27

    $4,000 Per Month

    • 4 Beds
    • 3 Baths
    • 3,500 Sq Ft
    • House for Rent

    1605 Arizona Ave, Spearfish, SD 57783

    Beautiful home for rent! Tenant responsible for all utilities. Tenant responsible for snow removal and lawn care. -Shop not included-6 month lease or Month-to-Month lease-Pets negotiable with additional security deposit and monthly pet rent

    1605 Arizona Ave, Spearfish, SD 57783
  • /40

    Starting at $1,099 Per Month

    • Studio - 2 Beds

    501 N Yale St, Spearfish, SD 57783

    Opening Summer 2026, Hollow Gulch brings a premier apartment community to Spearfish, SD—redefining modern living with high-end amenities and thoughtfully designed spaces. This luxury residence offers spacious studio, one-bedroom, and two-bedroom apartments, each featuring contemporary finishes, upscale appliances, and open-concept layouts. At Hollow Gulch, comfort and sophistication come together

    Hollow Gulch

    501 N Yale St, Spearfish, SD 57783
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    $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
  • /20

    $8,363

    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 $8,364/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

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 July 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
6
Median Rent
$3,000
Median Single Family Home Rent
$3,500
Median Condo Rent
$900
How to Rent a Home