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What to Know About
Life in Rapid City & Beyond
Rapid City 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
Rapid City, SD
As of June 2025, Rapid City's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Rapid City's average rent is 2.9% ($33) higher than the South Dakota average of $1,156 and 33.7% ($604) lower than the U.S. average of $1,793.
Average Rent
$1,189
Monthly ChangeMonth Over Month Change
0.8% ($9)
Yearly ChangeYear Over Year Change
4.6% ($52)
Avg. Days on MarketAverage Days on Market
29
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $998 | 0.1% ($1) | 1.2% ($12) |
| 2 Beds | $1,196 | 1.8% ($21) | 6% ($68) |
| 3 Beds | $1,380 | 0.3% ($4) | 2.9% ($41) |
| Nearby Cities | Average Rent | Avg. Rent vs. Rapid CityAverage Rent vs. Rapid City | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Black Hawk | $1,456 | 22.5% ($267) | 37 days |
| Box Elder | $1,314 | 10.5% ($125) | 33 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Rapid City Rental Market FAQs
Explore rental prices, market trends, and availability in Rapid City, SD.
The average rent in Rapid City, SD is $1,189 per month.
Houses in Rapid City typically rent for between $699 and $1,794 per month, with an average of $1,189 per month.
In Rapid City, the average rent for a 1-bedroom house is $998 per month, for a 2-bedroom house, $1,196 per month, and a 3-bedroom house is $1,380 per month.
The average rent in Rapid City is 33.7% ($604) lower than the national average of $1,793 per month.
The average rent in Rapid City has increased by 0.8% ($9) in the last month and increased by 4.6% ($52) over the past year.
The rental market in Rapid City, SD, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Rapid City, 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 75 rental properties available in Rapid City, SD.
Based on the current averages, a household would need an annual income of $47,840 to comfortably afford a 2-bedroom house in Rapid City.
