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Rental Market Trends in Box Elder, SD

What is the average rent in Box Elder, SD?

$1,259/month

Average Rent

691 Sq Ft

Average Apartment Size

-1%

Decrease in the Last Year

Box Elder, SD Rental Market Overview

The average rent in Box Elder, SD is $1,259 per month. This is 23% lower than the national average rent of $1,644/month, making renting in Box Elder more affordable than most cities in the US.

  • Studio apartments in Box Elder average $992 per month.
  • One-bedroom apartments in Box Elder average $1,259 per month.
  • Two-bedroom apartments in Box Elder average $1,422 per month.
  • Three-bedroom apartments in Box Elder average $1,698 or more per month.

Data Updated: June, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$992/month
309 Sq Ft
One Bedroom
$1,259/month
691 Sq Ft
Two Bedroom
$1,422/month
1,031 Sq Ft
Three Bedroom
$1,698/month
1,272 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Four Bedroom
$2,591/month
2,201 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 1%, which averages out to $12 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 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Box Elder, SD
Last Updated June 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Box Elder, SD
Percentage*
Rent Range
12% Below $700/month
0% $700 - $1,000/month
75% $1,001 - $1,500/month
12% $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 $1,259, you’ll want to make about $4,196 per month or $50,352 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

77 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

10Bedrock Apartments

10Bedrock Apartments

545 Northern Lights Blvd,
Box Elder, SD 57719

$1,375 - $1,545

1-2 Beds

The Union

The Union

388 Berky Dr,
Box Elder, SD 57719

$1,015 - $2,667

Studio - 3 Beds

Fox Run Apartments

Fox Run Apartments

571 225th St,
Box Elder, SD 57719

$1,150

1 Bed

Vistas at Cheyenne Pass

Vistas at Cheyenne Pass

331 A-331 B Cheyenne Blvd,
Box Elder, SD 57719

$995 - $1,400

Studio - 2 Beds

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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 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity