Copper Ridge Apartments
2038 Promise Rd,
Rapid City, SD 57701
Studio - 3 Beds | $1,025 - $1,900
Rental Market Trends in Rapid City, SD
Updated September 2026
The average rent in Rapid City, SD is $1,204/month.
Rent in Rapid City is 28% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.
$1,204/month
Average Rent
713 Sq Ft
Average Size
+1.1%
Change / Year
545
Available Apartments
Rapid City rent varies by unit size and layout:
- Studio apartments in Rapid City average $919 per month.
- One-bedroom apartments in Rapid City average $1,204 per month.
- Two-bedroom apartments in Rapid City average $1,362 per month.
- Three-bedroom apartments in Rapid City average $1,588 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Rapid City, SD?
In the past year, rent has increased by 1.1%, which averages out to $14 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Rapid City, SD
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
20%
$700 - $1,000/month
64%
$1,001 - $1,500/month
13%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Rapid City?
Based on current rent prices, Downtown Rapid City is the most affordable neighborhood in Rapid City.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Rapid City?
Based on current rent prices, Downtown Rapid City is the most expensive neighborhood in Rapid City.
Neighborhood
Average Rent
Average Sq Ft
Which Rapid City neighborhoods have the most rentals available?
The neighborhood in Rapid City with the most apartments available is Downtown Rapid City .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Rapid City, SD?
Because the average rent in Rapid City is $1,204, you’ll want to make about $4,013 per month or $48,156 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.
Cost of Living
The cost of living in Rapid City, SD is 1.7% lower than the national average. Generally, housing in Rapid City is 3.8% less expensive than the national average, with rent falling between $919 - $1,588. You can expect to pay 1.7% more for groceries, 11.7% less for utilities, and 0.1% more for transportation.
How does Rapid City, SD compare to other nearby cities and neighborhoods?
Use the tool below to compare Rapid City, 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.
View the Rapid City Area GuideStudio
$1,021/month
$1,021/month
One Bedroom
$1,263/month
$1,263/month
Two Bedroom
$1,372/month
$1,372/month
Three Bedroom
$947/month
$947/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Rapid City?
The average rent in Rapid City is $1,204 per month, which is 27.7% lower than the national average of $1,665.
What is the average rent for a house in Rapid City?
The average rent for a house in Rapid City, SD is $1,907 per month.
What is the average rent for a townhome in Rapid City?
The average rent for a townhome in Rapid City, SD is $1,449 per month.
Are rents going up or down in Rapid City?
Rents in Rapid City, SD are increasing, with prices up 1.1% year-over-year and $14 more per month.
What rent range is most common in Rapid City?
In Rapid City, SD, 64% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 September 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.