The Elements, LLC
100 Saint Joseph St,
Rapid City, SD 57701
$1,200 - $1,975
Studio - 2 Beds
Downtown Rapid City
Rapid City, SD
Downtown Rapid City - Rapid City, SD
Area Guide
Art and history, wrapped in Western charm
Arts
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Culture
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Historic
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College
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Museums
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Events
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Theaters
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Outdoors
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Blending historic charm and Western flair with modern outdoor art and colorful murals, Downtown Rapid City provides a unique, vibrant setting. Add in the spectacular parks and outdoor activities -- and the fact that it is a college town, home to South Dakota School of Mines & Technology -- and it's no wonder this great neighborhood is quickly growing. At the heart of downtown, the beautiful Main Street Square, with its outdoor art and fountain, is a gathering place for year-round activities.
With plenty of shops, restaurants, and galleries to explore, Downtown Rapid City always provides something to do. Some destinations include Art Alley, the Dahl Arts Center, and the Elks Theatre. Residents can learn more about Black Hills history at the Journey Museum and Learning Center, or they can spend the afternoon at Memorial Park, which features a walking trail, ponds, a fountain, a playground, and monuments. Events held downtown are plentiful and include Downtown Restaurant Week, the Great Downtown Pumpkin Festival, and the Cruiser Car Show and Street Fair.
Rent Trends
As of January 2026, the average apartment rent in Downtown Rapid City is $895 for a studio, $1,277 for one bedroom, $1,378 for two bedrooms, and $948 for three bedrooms. Apartment rent in Downtown Rapid City has decreased by -4.1% in the past year.
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Studio
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368 sq ft
Average Sq Ft
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$895/month
Average Rent
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1 BR
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619 sq ft
Average Sq Ft
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$1,277/month
Average Rent
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2 BR
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876 sq ft
Average Sq Ft
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$1,378/month
Average Rent
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3 BR
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1,060 sq ft
Average Sq Ft
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$948/month
Average Rent
Transportation
74
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
70
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Points of Interest
Shopping Centers
Parks and Recreation
- The Journey Museum
- Museum of Geology
- The Outdoor Campus - West
- Reptile Gardens
- Black Hills Caverns
Airports
- Rapid City Regional
Colleges
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.