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Rental Market Trends in Box Elder, SD

What is the average rent in Box Elder, SD?

$1,262/month

Average Rent

691 Sq Ft

Average Apartment Size

-0.4%

Decrease in the Last Year

As of June 2025, the average rent in Box Elder, SD is $1,262 per month. This is 22% lower than the national average rent of $1,627/month, making renting in Box Elder more affordable than most cities in the US. When you rent an apartment in Box Elder, you can expect to pay about $958 per month for a studio, $1,262 for a one-bedroom apartment, and around $1,349 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,701 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$958/month
309 Sq Ft
One Bedroom
$1,262/month
691 Sq Ft
Two Bedroom
$1,349/month
1,031 Sq Ft
Three Bedroom
$1,701/month
1,272 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Four Bedroom
$2,423/month
1,685 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Box Elder, SD?

In the past year, rent has decreased by 0.4%, which averages out to $5 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Box Elder, SD
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Box Elder, SD
Percentage*
Rent Range
14% Below $700/month
0% $700 - $1,000/month
57% $1,001 - $1,500/month
29% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Box Elder, SD?

Because the average rent in Box Elder is $1,262, you’ll want to make about $4,206 per month or $50,472 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Box Elder, SD

196 Available Apartments for Rent

Search for Nearby Apartments

How does Box Elder, SD compare to other nearby cities and neighborhoods?

Use the tool below to compare Box Elder, SD to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Box Elder, SD

Apartment Averages

Nearby City Rent Trends

  • Rapid City Average Rent

Apartment communities in Box Elder we think you'll love

Welcome to 10Bedrock!

Welcome to 10Bedrock!

545 Northern Lights Blvd,
Box Elder, SD 57719

Studio - 2 Beds | $1,225 - $1,595

The Union

The Union

388 Berky Dr,
Box Elder, SD 57719

Studio - 3 Beds | $952 - $2,692

Mountain View Village

Mountain View Village

635 Northern Lights Blvd,
Box Elder, SD 57719

1-3 Beds | $1,199 - $1,599

Antelope Ridge

Antelope Ridge

321 Hunt Dr,
Box Elder, SD 57719

2-5 Beds | $1,319 - $4,189

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United States South Dakota Box Elder Rental Trends

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 June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity