Prices last verified October 2, 2026

Average Rent in Rapid City 57703 & Rent Trends

Rent prices and market trends across 1 apartment community in Rapid City 57703, Rapid City, SD. Updated daily.

Area All Areas

Rapid City 57702 57703

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Market Average

$1,675/mo

Lowest Listed

$1,500/mo

as of Oct 2

Communities

tracked daily

Units Listed

as of Oct 2

Rent Watch: cuts and increases

Open Rent Watch →

See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.

Rapid City 57703 vs Rapid City, SD Average

Rapid City 57703 is more expensive than the Rapid City, SD average by $258/mo (18%). The citywide average is $1,417/mo across all neighborhoods.

Is Rent Going Up or Down in Rapid City 57703?

As of October 2026, the average rent in Rapid City 57703 is $1,675 per month across 1 apartment community and 2 recently listed units.

The most affordable option is Tallgrass Apartments starting at $1,500/mo. By unit type, a 1-bedroom averages $1,675/mo.

Prices range from $1,500 to $1,850 per month. The most common price point is the $1,400 range, where 1 units were listed.

Rent Price Distribution

Rent by Bedroom Type in Rapid City 57703

1 Bed

$1,675

from $1,500 · 2 units

Rent Prices by Apartment in Rapid City 57703

Property	Starting at	Average	Units	Rating
Tallgrass Apartments	$1,500/mo	$1,675/mo	2	4.5

Frequently Asked Questions About Rent in Rapid City 57703

What is the average rent in Rapid City 57703?

The average rent in Rapid City 57703 is $1,675 per month as of October 2026, based on 2 units across 1 apartment communities.

Is rent going up or down in Rapid City 57703?

The average rent in Rapid City 57703 was $1,675/mo when last verified October 2, 2026.

What is the cheapest apartment in Rapid City 57703?

The most affordable apartment in Rapid City 57703 is Tallgrass Apartments with units starting at $1,500/mo.

How much is a 1-bedroom apartment in Rapid City 57703?

A 1-bedroom apartment in Rapid City 57703 averages $1,675/mo, with prices starting at $1,500/mo across 2 recently listed units.

How many apartments are available in Rapid City 57703?

2 units were listed across 1 apartment communities in Rapid City 57703 as of October 2, 2026.

What salary do I need to live comfortably in Rapid City 57703?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$67,000/year

Based on the 30 percent rule, using our tracked average rent of $1,675/mo.

Comfortable income

$80,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,500/mo), you need to earn at least $60,000/year.

Median household income in Rapid City 57703 is $65,712 , about 18% below the comfortable-living threshold.

Cost of living in Rapid City 57703

Overall prices in Rapid City 57703 runs below the national average by about 10% (BEA Regional Price Parity index 90.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Rapid City 57703's regional price parities.

Category	Monthly estimate	Source
Rent (market average)	$1,675	daily refresh
Utilities	$331	BLS × BEA RPP
Groceries	$526	BLS × BEA RPP
Transportation	$789	BLS × BEA RPP
Healthcare	$385	BLS × BEA RPP
Other goods and services	$615	BLS × BEA RPP
Estimated total	$4,320/mo	$51,845/year

Population

76,836

Median household income

$65,712

Census median rent

$1,053/mo

Census rent burden

29.0%

Median age

39.0

Mean commute

17 min

Methodology

Rent data

Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.

South Dakota Rent Trends

Compare rent across all South Dakota cities

Explore Rapid City, SD on Map

See neighborhoods and rent data interactively

US-wide rent comparison

See how Rapid City, SD rents stack up against the national median