Cheap Apartments for Rent in the Downtown Rapid City Neighborhood of Rapid City, SD from $600 (38 Rentals)

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

property at 210 E North St

210 E North St

Rapid CitySD57701
property at 601 E North St

601 E North St

Rapid CitySD57701

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property at 644 Holcomb Ave

644 Holcomb Ave

Rapid CitySD57701
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Sundial Square
1 to 4 Bedroom Apartments

Sundial Square

118 Waterloo StRapid City, SD 57701
  • Utilities Included
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The Radiant
1 Bedroom Apartments

The Radiant

28 Racine StRapid City, SD 57701
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1320 Quincy St
Studio to 2 Bedroom Apartments

1320 Quincy St

1320 Quincy StRapid City, SD 57701
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West Park Apartments
1 Bedroom Apartments

West Park Apartments

1018 11th StRapid City, SD 57701
  • Utilities Included
Showing Results 1-38, Page 1 of 1

Downtown Rapid City, Rapid City, SD Local Guide

Cheapest Available Downtown Rapid City Apartments for Rent

 

The cheapest available apartment rental in the Downtown Rapid City area of Rapid City, SD is a 2 Beds unit found at The Place at Hainesway priced from $949. The Radiant has the second lowest priced unit, which is a 1 Bed apartment currently listed from $953. Here are the most affordable Downtown Rapid City apartments for rent in Rapid City, SD:

Apartment ListingModel NameBed/BathPriced From
The Place at HaineswayTwo Beds, One Bath2BR,1BA$949
The RadiantOne Bedroom 60%1BR,1BA$953
Creekside Heights Apartments, LLCEfficiencyStudio,1BA$1,030
Harmony HeightsThe Bluff1BR,1BA$1,035
The Place at Estes ParkTwo Bed Two Bath2BR,2BA$1,049
The Elements, LLCEfficiencyStudio,1BA$1,150
Tallgrass ApartmentsB11BR,1BA$1,165

Best Value Apartments for Rent in Downtown Rapid City, SD

As of April 28, 2025 the best value apartment in the Downtown Rapid City area is the $1.24 price per square foot C1 Model at Alps Park Apartments in the in the Downtown Rapid City neighborhood starting from $1,665. The second greatest value Downtown Rapid City apartment is the 3Bed/2Bath Model at Rapid Creek Apartments starting at $1,402 with a $1.40 price per square foot in the Downtown Rapid City neighborhood. Here is today’s list of the best values for Downtown Rapid City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Alps Park ApartmentsC13BR,2BA$1.24
Rapid Creek Apartments3Bed/2Bath3BR,2BA$1.40
The Place at Estes ParkTwo Bed Two Bath2BR,2BA$1.08
728 Saint Charles St, Unit 2728 Saint Charles St2BR,1BA$1.23
The Place at HaineswayTwo Beds, One Bath2BR,1BA$1.10
217 E Denver St, Unit 217217 E Denver St1BR,1BA$1.33
The RadiantOne Bedroom 60%1BR,1BA$1.32
Harmony HeightsThe Bluff1BR,1BA$1.47
Tallgrass ApartmentsB11BR,1BA$1.69
Creekside Heights Apartments, LLCEfficiencyStudio ,1BA$1.49

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Pet Friendly Lifestyle
Downtown Rapid City, Rapid City, SD

Ranked #1

Among neighborhoods in Rapid City, SD for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Rapid City, Rapid City, SD

School data provided by Great Schools

Getting Around the Downtown Rapid City Neighborhood in Rapid City, SD

Walk Score®

74 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

70 / 100

Very Bikeable

Biking is convenient for most trips

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 Downtown Rapid City Apartments

What is a cheap apartment in Downtown Rapid City?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Rapid City is under $1,165.

What is the price of a cheap apartment in Downtown Rapid City?

The cheapest apartment in Downtown Rapid City is The Radiant which is listed at $953, while the average apartment in Downtown Rapid City costs $1,564.

What types of apartments are the cheapest in Downtown Rapid City?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 7 regular apartments in Downtown Rapid City that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.

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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.