Rapid City, SD Rent History
108 months of data, 2017–2026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).
Today (2026-09)
$1,445
1-year change
+4.7%
$65/mo
5-year change
+29.5%
$329/mo
Monthly rent trend
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Year-by-year rent in Rapid City
| Year | Median rent | YoY change | vs 2017 |
|---|---|---|---|
| 2017 | $914/mo | — | 0.0% |
| 2018 | $933/mo | +2.1% | +2.1% |
| 2019 | $934/mo | +0.1% | +2.2% |
| 2020 | $965/mo | +3.3% | +5.6% |
| 2021 | $1,056/mo | +9.4% | +15.5% |
| 2022 | $1,265/mo | +19.8% | +38.4% |
| 2023 | $1,286/mo | +1.7% | +40.7% |
| 2024 | $1,331/mo | +3.5% | +45.6% |
| 2025 | $1,371/mo | +3.0% | +50.0% |
| 2026 | $1,407/mo | +2.6% | +53.9% |
Frequently asked questions
How much has rent in Rapid City changed since 2017?
Median rent in Rapid City, SD was $914 in 2017-09 and is $1,445 as of 2026-09 — a change of $531 per month over 9 years.
How much has Rapid City rent increased in the last 5 years?
Over the past 5 years, median rent in Rapid City, SD has changed +29.5% ($329 per month). The current median is $1,445.
Is rent in Rapid City going up or down year over year?
Year over year, median rent in Rapid City, SD has increased +4.7% ($65/mo). Current median: $1,445.