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Rental Market Trends in Summerset, SD

What is the average rent in Summerset, SD?

$1,200/month

Average Rent

954 Sq Ft

Average Apartment Size

+10.4%

Increase in the Last Year

As of July 2025, the average rent in Summerset, SD is $1,200 per month. This is 27% lower than the national average rent of $1,635/month, making renting in Summerset more affordable than most cities in the US. When you rent an apartment in Summerset, you can expect to pay about per month for a studio, $1,200 for a one-bedroom apartment, and around $1,172 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,200/month
954 Sq Ft
Two Bedroom
$1,172/month
0 Sq Ft
Floor Plan Type
Average Rent
Average 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 Summerset, SD?

In the past year, rent has increased by 10.4%, which averages out to $125 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Summerset, SD
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Summerset, SD
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
100% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Summerset is $1,200, you’ll want to make about $4,000 per month or $48,000 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

Summerset, SD

5 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Summerset, 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.

Apartment Averages

Nearby City Rent Trends

  • Rapid City Average Rent
  • Box Elder Average Rent

Apartment communities in Summerset we think you'll love

Summerset Heights

Summerset Heights

11350 Sturgis Rd,
Summerset, SD 57718

1-3 Beds | $1,075 - $1,575

Block5

Block5

612 6th St,
Rapid City, SD 57701

Studio - 2 Beds | $1,265 - $3,315

Harmony Heights

Harmony Heights

1819 Harmony Heights Ln,
Rapid City, SD 57702

1-3 Beds | $1,250 - $1,920

Sheridan Lake Apartments

Sheridan Lake Apartments

614 Sheridan Lake Rd,
Rapid City, SD 57702

1-3 Beds | $995 - $1,280

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United States South Dakota Summerset 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