Homes & Apartments for Rent in Pennington County, SD

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What to Know About

Life in Pennington County & Beyond

Pennington County shares many of the great qualities that make South Dakota a desirable place to live.

South Dakota combines natural wonders, rich history, and irresistible charm. Dive into the state's fascinating heritage through its cultural landmarks and historical sites, such as the captivating South Dakota Cultural Heritage Center and the legendary Museum of the American Bison, or opt to further your education at world-renowned institutions such as South Dakota State University and the University of South Dakota. South Dakota's economy thrives on agriculture, tourism, and manufacturing.

Sports lovers will be in paradise with various seasonal activities such as skiing, snowboarding, and snowmobiling in the winter and golfing, camping, fishing, and hiking in the summer. Also, discover iconic attractions like the world-famous Mount Rushmore National Memorial, the awe-inspiring Dinosaur Park, the rugged Badlands National Park, the enchanting Black Hills National Forest, and the historic city of Deadwood.

With its stunning natural beauty and robust economy, South Dakota is the ideal destination for those who seek outdoor recreation and an unparalleled western experience. So get ready to be enchanted by South Dakota's irresistible charm, pristine landscapes, and unbeatable quality of life. South Dakota is an excellent place for those who want to live their best lives.

Rental Market Trends

Pennington County, SD

As of August 2026, Pennington County's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Pennington County's average rent is 3.3% ($38) higher than the South Dakota average of $1,151 and 33.9% ($611) lower than the U.S. average of $1,800.

Average Rent
$1,189
Monthly ChangeMonth Over Month Change
Increased0.9% ($11)
Yearly ChangeYear Over Year Change
Decreased0.6% ($7)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,030 Decreased0.4% ($4) Decreased8.7% ($98)
2 Beds $1,235 Increased2.1% ($25) Decreased9.8% ($134)
3 Beds $1,380 Increased0.5% ($7) Decreased19.3% ($330)
Cities within Pennington County Average Rent Avg. Rent vs. PenningtonAverage Rent vs. Pennington County Avg. Days on MarketAverage Days on Market
Rapid City $1,164 Decreased2.1% ($25) 29 days
Box Elder $1,373 Increased15.5% ($184) 33 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Pennington County Rental Market FAQs

Explore rental prices, market trends, and availability in Pennington County, SD.

The average rent in Pennington County, SD is $1,189 per month.
Homes in Pennington County typically rent for between $721 and $1,794 per month, with an average of $1,189 per month.
In Pennington County, the average rent for a 1-bedroom home is $1,030 per month, for a 2-bedroom home, $1,235 per month, and a 3-bedroom home is $1,380 per month.
The average rent in Pennington County is 33.9% ($611) lower than the national average of $1,800 per month.
The average rent in Pennington County has increased by 0.9% ($11) in the last month and decreased by 0.6% ($7) over the past year.
The rental market in Pennington County, SD, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Pennington County, SD, the average rental stays on the market for approximately 29 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 72 rental properties available in Pennington County, SD.
Based on the current averages, a household would need an annual income of $49,400 to comfortably afford a 2-bedroom home in Pennington County.
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