Cheap Apartments for Rent in Hot Springs, SD from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Hot Springs.

318 National St

Bridgewood Estates

Shepherd Hills Commons

The Place at Estes Park

BG Flats Apartments

Moonlight Apartment Complex

Johnson Ranch Apartments
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Orchard Meadows

Candlewood Apartments

Prairie Tree Apartments

Copper Ridge Apartments

Creekside Heights Apartments, LLC

Country Bluff Apartments

901 4th Ave

501 South St
Hot Springs, SD Local Guide

How much does it cost to rent an apartment in Hot Springs?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Hot Springs Studio Apartments | $1,343 | $850 | $2,400 |
Hot Springs 1 Bedroom Apartments | $1,473 | $795 | $3,200 |
Hot Springs 2 Bedroom Apartments | $1,790 | $1,005 | $4,300 |
Hot Springs 3 Bedroom Apartments | $1,998 | $1,205 | $3,031 |
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Hot Springs, SD Local Guide
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Cheapest Available Hot Springs Apartments for Rent and Nearby
 The cheapest available apartment rental in Hot Springs, SD is a Studio unit found at Mesa Flats priced from $850. Bridgewood Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $870. Here is today’s list of the most affordable Hot Springs apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Mesa Flats | Unfurnished Studio | Studio,1BA | $850 |
Bridgewood Estates | Open living space + spacious master | 1BR,1BA | $870 |
Moonlight Apartment Complex | Studio | Studio,1BA | $975 |
Orchard Meadows | Studio | Studio,1BA | $995 |
Candlewood Apartments | 1 Bedroom | 1BR,1BA | $999 |
Best Value Apartments for Rent in Hot Springs, SD and Nearby
As of April 24, 2025 the best value apartment in the Hot Springs area is the $1.27 price per square foot 3 Beds, 2 baths Model at Stonegate Community in the starting from $1,495. The second greatest value Hot Springs apartment is the Two Bed Two Bath Model at The Place at Estes Park starting at $1,049 with a $1.08 price per square foot in the Downtown Rapid City neighborhood. Here is today’s list of the best values for Hot Springs apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Stonegate Community | 3 Beds, 2 baths | 3BR,2BA | $1.27 |
The Place at Estes Park | Two Bed Two Bath | 2BR,2BA | $1.08 |
Pointe West Apartments | B1 | 2BR,2BA | $1.44 |
Canyon Lake Apartments | B2 | 2BR,1BA | $1.54 |
Gateway Apartments | 1 Bedroom | 1BR,1BA | $1.56 |
Bridgewood Estates | Open living space + spacious master | 1BR,1BA | $1.18 |
Candlewood Apartments | 1 Bedroom | 1BR,1BA | $1.36 |
Stoney Creek Highlands | The Crossing | 1BR,1BA | $1.55 |
Creekside Heights Apartments, LLC | Efficiency | Studio ,1BA | $1.49 |
Country Bluff Apartments | The Jefferson | 1BR,1BA | $1.59 |
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Best Local Schools in Hot Springs, SD
Hot Springs Elementary - 02
Hot Springs High School - 01
Hot Springs Middle School - 06
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Hot Springs, SD
Walk Score®
38 / 100
Car-Dependent
Most errands require a car
Bike Score®
23 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Hot Springs Apartments
What is the Cheapest Studio apartment in Hot Springs?
Currently the most affordable Cheap Studio Apartment in Hot Springs is at Mesa Flats listed at $850.
How much is rent for a Cheap One Bedroom Hot Springs Apartment?
The lowest price for a Cheap One Bedroom Hot Springs Apartment is $870 at Bridgewood Estates.
What is the lowest price for a Cheap Two Bedroom Hot Springs Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Hot Springs is starting from $1,005 at Bridgewood Estates.
What is the most affordable Hot Springs Three Bedroom Apartment?
The best deal on a cheap Hot Springs Three Bedroom Apartment rental is at Bridgewood Estates and starts from $1,205.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.