Average Rent in Rapid City, SD (2026)
Typical asking rent in Rapid City is $1,404. Across the 3 ZIP codes with data it runs from $1,368 to $1,554, so which side of town you buy on matters as much as the city average. Data as of June 2026.
Rent by ZIP code in Rapid City
| ZIP code | County | Typical rent | vs city median |
|---|---|---|---|
| 57703 | Pennington County | $1,554 | +11% |
| 57701 | Pennington County | $1,404 | 0% |
| 57702 | Pennington County | $1,368 | -3% |
How to use these numbers
These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.
If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. Rapid City sits in the Rapid City, SD metro area.
Other South Dakota cities
Would a rental in Rapid City cash flow?
Start the analyzer with the Rapid City median rent of $1,404 and add a real purchase price to see cash flow, cap rate, and cash-on-cash return.