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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
$ Ask - 1,375
Orchard Meadows
3411 3423 3435 3393 3381 3369 Jaffa Garden Way Rapid City, SD
1 - 2 BR | Dec. 10, 2025
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
11
$330 - 485
2040 W. Main
Rapid City, SD
Studio | Available Now
Contact
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
  1. Home
  2. Rapid City
  3. Apartments Under $500
Frequently Asked Questions

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 10 studio apartments under $500 available for rent in Rapid City.

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

Rentable.co has 2 one-bedroom apartments under $500 available for rent in Rapid City.

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

Rentable.co has 1 two-bedroom apartment 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 $18,000.

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

Welcome to the December 2025 Rapid City Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2025 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.
0 2 5 7 10 <$800 $820 $860 $900 $940 $980 $1,020 $1,060 $1,100 $1,140 $1,180 $1,220 $1,260 >$1,300

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

Rapid City, SD
Box Elder, SD
3
3
In December 2025, there were a total of 7 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 December M/M % Change
Rapid City, SD 4 +1.12%
Box Elder, SD 3 +1.0%
New Underwood, SD 1 +1.0%

Looking for Apartments Under $500 in Rapid City?

Available apartments under $500 13
Top amenities On Site Laundry, Refrigerator, Online Payments, Online Community Portal, Off Street Parking
Utilities included 3
Studio 4
1 Bedroom 2
2 Bedroom 1
Square footage 320 - 467
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