How many apartments under $500 are available in Rapid City, SD on Rentable.co?

There are 5 apartments under $500 in Rapid City currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Rapid City?

Rentable.co has 18 <a href='/rapid-city-sd/studio-apartments-for-rent' >studio</a> apartments under $500 available for rent in Rapid City.

How many one-bedroom apartments under $500 are available in Rapid City?

Rentable.co has 7 <a href='/rapid-city-sd/1-bedroom-apartments-for-rent' >one-bedroom</a> apartments under $500 available for rent in Rapid City.

How many two-bedroom apartments under $500 are available in Rapid City?

Rentable.co has 10 <a href='/rapid-city-sd/2-bedroom-apartments-for-rent' >two-bedroom</a> apartments under $500 available for rent in Rapid City.

Can I afford a apartment under $500 in Rapid City, SD?

To comfortably afford a apartment under $500 in Rapid City based on average rent prices, a household would need an annual income of $19,000.

Apartments Under $500 in Rapid City, SD

1 - 5 of 5 Results

5

$452 - 877

Eagle Ridge

3.4

121 Stumer Rd. Rapid City, SD

2 - 3 BR | Ask for Availability

Contact

Income Restricted

Section 8

Surface Parking

7

$479 - 876

Edgewood

4.4

721 Eldene Lane Rapid City, SD

2 - 3 BR | Ask for Availability

Contact

Income Restricted

Section 8

Surface Parking

Dishwasher

31

$445 - 485

2040 W. Main

Rapid City, SD

Studio | Available Now

Contact

$465

Robbinsdale Heights 2

433 E Fairlane Dr Rapid City, SD

Studio | Sep. 10, 2026

Contact

Storage

1

$303 - 783

Whisper Rock Apartments

1.8

4216 Berniece St Rapid City, SD

1 - 2 BR | Ask for Availability

Contact

Income Restricted

Air Conditioning

In Unit Laundry

Disability Access

Dishwasher

1 - 5 of 5 Results

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Rapid City
Apartments Under $500

Apartments Under $500 in Rapid City, SD: August Rental Information

Welcome to the August 2026 Rapid City Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 2026 key findings and figures for the Rapid City rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Rapid City and surrounding areas. This summary also provides an insight into available features and amenities, as well as location options for apartments under $500 in Rapid City. Whether you're a budget-conscious renter or simply looking for an affordable option in the area, this report will give you the information you need to make an informed decision.

This month, the typical cost to rent a one-bedroom apartment in Rapid City stands at $1,140, with the majority falling between $760 and $1,400. Out of the 345 one-bedroom apartments currently on the market in Rapid City, 5 are priced below $500, accounting for 1% of the total available one-bedroom units in Rapid City.

Available Apartments Under $500: Rapid City vs. Surrounding Areas

Rapid City, SD

Box Elder, SD

4

3

In August 2026, there were a total of 8 apartments available for rent under $500 in the Rapid City, SD metro area. The chart displays the availability in Rapid City itself, as well as in nearby cities such as Box Elder, Custer, New Underwood, Sturgis, and Piedmont. This information will help renters make informed decisions about their housing options in the area.

Apartments Under $500 Now vs. Last Month: Rapid City and Surrounding Areas

City	Apartments Under $500 in August	M/M % Change
Rapid City, SD	4	+0.76%
Box Elder, SD	3	+1.0%
New Underwood, SD	1	+1.0%

Looking for Apartments Under $500 in Rapid City?

Available apartments under $500	27
Top amenities	Dishwasher, On Site Laundry, Online Payments, Online Community Portal, Off Street Parking
Pet friendly	8
Utilities included	3
Studio	2
1 Bedroom	2
2 Bedroom	9
Square footage	370 - 1,150