Rental market snapshot for Rapid City, South Dakota

Rapid City, South Dakota Rental Property Market Overview

Rapid City, South Dakota is a vibrant city with a population of 76,184 as of 2021, according to the US Census. It is located in the Black Hills region of South Dakota and is known for its many attractions, including Mount Rushmore, Crazy Horse Memorial, and Badlands National Park. The city is home to a variety of cultural and recreational activities, including art galleries, museums, and outdoor activities. Rapid City is also home to a thriving business community, with many local businesses and national chains.

The average rent for an apartment in Rapid City is $1,309. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Rapid City South Dakota | Cost of Living

  • The most expensive ZIP code in Rapid City is 57703 with an average price of $1,330.
  • The cheapest ZIP code in Rapid City is 57702 with an average price of $1,291.

Rapid City ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
157703$1,330
257701$1,328
357702$1,291

Live near Rapid City, South Dakota's Top Sights and Attractions

Sioux Park is a large public park located in Rapid City, South Dakota. It features a variety of outdoor activities, including a large lake, walking trails, picnic areas, playgrounds, and a disc golf course. The park also has a large open field, perfect for sports and other activities. The park is surrounded by tall trees and lush greenery, providing a peaceful and relaxing atmosphere. Visitors can also take advantage of the park's many amenities, such as restrooms, a concession stand, and a pavilion.

Parkview Park is a beautiful outdoor recreation area located in the heart of South Dakota. It features a large lake with a beach, a playground, picnic areas, walking trails, and a disc golf course. The park also has a variety of wildlife, including ducks, geese, and other birds. Visitors can take advantage of the park's many amenities, such as fishing, boating, swimming, and camping. The park is also home to a variety of events throughout the year, including concerts, festivals, and other activities.

Canyon Lake Park is a scenic outdoor destination located in the Black Hills of South Dakota. It features a large lake surrounded by lush forests and rolling hills, providing visitors with a peaceful and tranquil atmosphere. The park offers a variety of activities, including fishing, boating, swimming, and hiking. There are also picnic areas, playgrounds, and a campground. The park is a great spot for wildlife viewing, with a variety of birds, mammals, and reptiles living in the area.

Memorial Park West is a large park located in Rapid City, South Dakota. It features a variety of outdoor activities, including a playground, walking trails, picnic areas, and a disc golf course. The park also has a large pond, which is home to a variety of wildlife, including ducks, geese, and other waterfowl. The park is also home to a memorial honoring the victims of the 1972 flood. The memorial features a large bronze sculpture of a Native American woman and her child, surrounded by a circle of stones.

Robbinsdale Park is a scenic outdoor destination located in Rapid City, South Dakota. It features a variety of recreational activities, including a large playground, a walking path, a fishing pond, and a picnic area. The park also has a basketball court, a sand volleyball court, and a horseshoe pit. The park is surrounded by lush trees and rolling hills, providing a peaceful and serene atmosphere. Visitors can also enjoy the park's many amenities, such as a concession stand, restrooms, and a pavilion.

Roosevelt Park is a large, lush green park located in the heart of the city. It features a large lake with a fountain, a playground, picnic areas, walking trails, and plenty of open space for outdoor activities. The park is also home to a variety of wildlife, including ducks, geese, and other birds. The park is a popular spot for locals and visitors alike, offering a peaceful escape from the hustle and bustle of the city.

The Museum Of Geology is a must-see attraction for anyone interested in the natural history of the area. It features a variety of exhibits and displays that showcase the region's geological history, including fossils, minerals, and rocks. Visitors can explore the museum's interactive exhibits, which include a 3D virtual tour of the region's geological features, as well as a hands-on fossil dig. The museum also offers educational programs and activities for all ages, making it a great destination for families and individuals alike.

This attraction is a museum dedicated to the Founding Fathers of the United States. It features interactive exhibits, educational displays, and artifacts from the Revolutionary War era. Visitors can explore the lives of the Founding Fathers and learn about their impact on the nation. The museum also includes a theater where visitors can watch a short film about the Founding Fathers and their contributions to the United States. There are also interactive activities for children, such as a scavenger hunt and a quiz game.

Skyline Wilderness Area is a scenic outdoor destination located in the Black Hills of South Dakota. It features a variety of trails for hiking, biking, and horseback riding, as well as a campground and picnic area. The area is known for its stunning views of the surrounding hills and valleys, and is home to a variety of wildlife, including deer, elk, and bighorn sheep. Visitors can also explore the area's many caves and rock formations, and take in the breathtaking views of the night sky.

The Cosmos Mystery Area is an interactive attraction that takes visitors on a journey of mystery and discovery. Guests enter a mysterious room and are guided through a series of illusions and puzzles that challenge the mind and defy the laws of physics. The experience is designed to be fun and educational, as visitors explore the mysteries of the universe and learn about the science behind the illusions. The attraction also features a gift shop and snack bar.

Rapid City, South Dakota area median rent change by ZIP code map

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How does Rapid City compare to other cities in South Dakota?

citymedian price
North Sioux City$1,203
Harrisburg$1,195
Tea$1,195
Sioux Falls$1,188
Brandon$1,155
Brookings$1,000
Mitchell$975
Aberdeen$925
Vermillion$700
Yankton$525

Average household income in Rapid City area graph - US Census

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The median household income in Rapid City in 2021 was $58,072. This represents a 27.1% change from 2011 when the median was $45,707.

#categorypercent
0Less than $10,0006.0%
1$10,000 to $14,9994.8%
2$15,000 to $19,9995.3%
3$20,000 to $24,9996.0%
4$25,000 to $29,9994.8%
5$30,000 to $34,9995.8%
6$35,000 to $39,9994.7%
7$40,000 to $44,9994.2%
8$45,000 to $49,9994.4%
9$50,000 to $59,9999.4%
10$60,000 to $74,99910.5%
11$75,000 to $99,99912.5%
12$100,000 to $124,9998.2%
13$125,000 to $149,9994.1%
14$150,000 to $199,9994.2%
15$200,000 or more5.0%

Neighborhoods in Rapid City

We currently do not have this data but we are working to add this soon.

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Rapid City is $1,309.
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