Cheap Apartments for Rent in Rapid City, SD from $400 (44 Rentals)

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Search the lowest-cost Apartments available for rent right now in Rapid City.

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1935 38th St
$8501 Bedroom, 1 Bath RentalsAvailable Now

1935 38th St

Rapid City, SD 57702
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102 N Maple Ave
$8951 Bedroom, 1 Bath RentalsAvailable Mar 1

102 N Maple Ave

Rapid City, SD 57701
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Edgewood Estates
2 to 3 Bedroom Apartments

Edgewood Estates

721 Eldene LnRapid City, SD 57701
Utilities inc.
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Driftwood Estates
3 Bedroom Apartments

Driftwood Estates

428 E Fairlane DrRapid City, SD 57701
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Sundial Square
1 to 4 Bedroom Apartments

Sundial Square

118 Waterloo StRapid City, SD 57701
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CARRIAGE GREEN
1 to 3 Bedroom Apartments

CARRIAGE GREEN

4205 Elm AveRapid City, SD 57701
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The Radiant
1 to 2 Bedroom Apartments

The Radiant

28 Racine StRapid City, SD 57701
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Moonlight Apartments
Studio to 2 Bedroom Apartments

Moonlight Apartments

1062 Valley DrRapid City, SD 57703
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1320 Quincy St
Studio to 2 Bedroom Apartments

1320 Quincy St

1320 Quincy StRapid City, SD 57701
Showing Results 1-44, Page 1 of 1

Rapid City, SD Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Rapid City, SD

Pricing Updated: 02/26/2025

Current apartment rentals in the Rapid City, SD area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Rapid City Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Rapid City$1,599$69511688

Cheapest Available Rapid City Apartments for Rent

 

The cheapest available apartment rental in Rapid City, SD is a Studio unit found at The Place at Hainesway in the Downtown Rapid City neighborhood priced from $719. 318 National St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Rapid City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Place at HaineswayStudioStudio,1BA$719
318 National St1 Bedroom1BR,1BA$795
Parkview Plaza ApartmentsOne bedroom1BR,1BA$825
Bridgewood EstatesOpen living space + spacious master1BR,1BA$870
The Place at EstesOne Bed1BR,1BA$939
Orchard MeadowsStudioStudio,1BA$950
Johnson Ranch ApartmentsStudioStudio,1BA$950
The RadiantOne Bedroom 60%1BR,1BA$953
Moonlight Apartment ComplexStudioStudio,1BA$975

Best Value Apartments for Rent in Rapid City, SD

As of February 26, 2025 the best value apartment in the Rapid City area is the $0.66 price per square foot 2 Beds, 2 baths Model at 440 N Creek Dr in the starting from $995. The second greatest value Rapid City apartment is the 3X2 Model at Sheridan Lake starting at $1,325 with a $1.08 price per square foot in the Downtown Rapid City neighborhood. Here is today’s list of the best values for Rapid City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
440 N Creek Dr2 Beds, 2 baths2BR,2BA$0.66
Sheridan Lake3X23BR,2BA$1.08
Southern Cross Apartments2b1b Southern2BR,1BA$1.10
CARRIAGE GREENSpacious living + master walk-in closet2BR,1BA$1.12
Countryside Apartments1Bedroom 1 Bathroom1BR,1BA$1.25
Butterfly Apartments2 Bedroom2BR,1BA$1.22
4002 Lakeview Dr, Unit 44002 Lakeview Dr2BR,1BA$1.11
728 Saint Charles St, Unit 2728 Saint Charles St2BR,1BA$1.23
Bridgewood EstatesOpen living space + spacious master1BR,1BA$1.18
Parkview Plaza ApartmentsOne bedroom1BR,1BA$1.14

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Rapid City Overview

When most people think of Rapid City, South Dakota, images of beautiful scenery, sunny weather, and friendly people immediately come to mind. Furthermore, apartment living in Rapid City is the perfect way to experience everything that Rapid City has to offer.

Why live in Rapid City, SD?

When it comes to living in Rapid City, a population of over 70,000 have all decided to call this city home. This city is home to thousands of nature lovers. With some of the most majestic mountains, green forests, and diverse wildlife on Earth, anyone enjoying nature will love Rapid City. Access to scenic views doesn't preclude civilization, as this city has plenty of radio, TV stations, attractions, and development that everyone expects in a developed town. While Rapid City is the third largest city in South Dakota, it is a popular place to call home because it doesn't have any of the traffic headaches or commuting nightmares that plague other cities.

Best Local Schools in
Rapid City, SD

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Rapid City, SD Rentals by Map

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See the most popular apartments and homes in Rapid City, SD

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Getting Around Rapid City, SD

Walk Score®

39 / 100

Car-Dependent

Most errands require a car

Bike Score®

40 / 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 Rapid City Apartments

What is the Cheapest Studio apartment in Rapid City?

Currently the most affordable Cheap Studio Apartment in Rapid City is at The Place at Hainesway listed at $719.

How much is rent for a Cheap One Bedroom Rapid City Apartment?

The lowest price for a Cheap One Bedroom Rapid City Apartment is $795 at 318 National St.

What is the lowest price for a Cheap Two Bedroom Rapid City Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Rapid City is starting from $925 at Parkview Plaza Apartments.

What is the most affordable Rapid City Three Bedroom Apartment?

The best deal on a cheap Rapid City Three Bedroom Apartment rental is at The Place at Hainesway and starts from $1,039.

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

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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.

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What to Know About Fees and Fines When Renting

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Signing Your Apartment Lease: The Basics

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When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.