Hollow Gulch
501 N Yale St,
Spearfish, SD 57783
Studio - 2 Beds | $999 - $1,908
Rental Market Trends in Spearfish, SD
Updated September 2026
The average rent in Spearfish, SD is $1,024/month.
Rent in Spearfish is 38% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.
$1,024/month
Average Rent
650 Sq Ft
Average Size
-5.9%
Change / Year
14
Available Apartments
Spearfish rent varies by unit size and layout:
- Studio apartments in Spearfish average $826 per month.
- One-bedroom apartments in Spearfish average $1,024 per month.
- Two-bedroom apartments in Spearfish average $1,265 per month.
- Three-bedroom apartments in Spearfish average $1,304 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Spearfish, SD?
In the past year, rent has decreased by 5.9%, which averages out to $60 less per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Spearfish, SD
September 2026
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
29%
Below $700/month
29%
$700 - $1,000/month
29%
$1,001 - $1,500/month
14%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Spearfish, SD?
Because the average rent in Spearfish is $1,024, you’ll want to make about $3,413 per month or $40,956 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.
How does Spearfish, SD compare to other nearby cities and neighborhoods?
Use the tool below to compare Spearfish, 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 Spearfish Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Spearfish We Think You'll Love
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Frequently Asked Questions
What is the average rent in Spearfish?
The average rent in Spearfish is $1,024 per month, which is 38.5% lower than the national average of $1,665.
Are rents going up or down in Spearfish?
Rents in Spearfish, SD are decreasing, with prices down 5.9% year-over-year and $60 less per month.
What rent range is most common in Spearfish?
In Spearfish, SD, 29% of apartments fall below $700/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.