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ZIP Code · SD

ZIP 57701

Pop. 45,795·Pennington County·5th most expensive ZIP in South Dakota
Median rent (all units)
$1,404/mo
Year-over-Year
+11.9%
Month-over-Month
+2.7%
vs US Median
-$561
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 57701 · $1,404
More affordable than 80% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$830
1 BR
$910
2 BR
$1,200
3 BR
$1,570
4 BR+
$1,960
Research median
$1,200/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$16,848/yr
At $1,404/mo median
Location
StateSD
CountyPennington County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 11.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+11.9% YoY, +2.7% MoM), not inventory.
Demographics

Who lives here

ZIP 57701 (Rapid City, SD) is majority owner-occupied, has a median income below the national average, 28.6% of residents hold a bachelor's degree or higher.

Population
45,795
Median income
$56,461
Median age
37.9
Renters
39.2%
Age distribution
21.6%
23.8%
23.4%
19.5%
Under 1821.6%
18–3423.8%
35–5423.4%
55–6411.7%
65+19.5%
Gender
51.1%
48.9%
Male51.1%
Female48.9%
Race & ethnicity
74.3%
17%
White74.3%
Black1.3%
Hispanic6.2%
Asian1.3%
Other17%
Education (25+)
30.7%
34%
28.6%
No HS diploma6.7%
HS diploma30.7%
Some college34%
Bachelor's+28.6%
Housing tenure
60.8%
39.2%
Owner60.8%
Renter39.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 57701 in Rapid City, SD has changed in 5 years

Rent
$941 → $1,404
up 49.2%
Income
$50,721 → $56,461
up 11.3%
Population
45,149 → 45,795
up 1.4%
Renter share
41.9% → 39.2%
-2.7 pts
Bachelor's+
28.1% → 28.6%
+0.5 pts
Median age
36.7 → 37.9
+1.2 yrs

Compared with 2021, rent in ZIP 57701 in Rapid City, SD has climbed by $463 per month, settling near $1,404 after starting the period at $941. Census figures show median household income at $56,461 today, compared with $50,721 five years earlier. Rent outpaced income growth by roughly 37.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 45,149 to 45,795 between 2021 and 2024, a 1.4% change. About 39.2% of households rent today, against 41.9% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

Tips for renters in ZIP 57701

About renting in ZIP 57701

Last updated: July 20, 2026

ZIP code 57701 covers Rapid City, SD. The median rent here is $1,404/mo as of July 2026. A 1-bedroom rents for a median of $910/mo. A 2-bedroom rents for a median of $1,200/mo.

At 30% of local median household income ($56,461/yr), ZIP 57701 ranks as moderate compared to the national benchmark of 30%. Rents have increased 11.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 57701?

As of July 20, 2026, the median monthly rent in ZIP 57701 (Rapid City, SD) is $1,404. This is based on aggregated data from public sources and community submissions.

How does ZIP 57701 rent compare to the US average?

ZIP 57701's median rent of $1,404/mo is $561 (29%) below the US national median of $1,965/mo.

How does ZIP 57701 compare to other ZIPs in South Dakota?

ZIP 57701 is one of the pricier ZIP codes in South Dakota, ranking #5 out of 16 ZIPs tracked at $1,404/mo.

How much income do you need to rent in ZIP 57701?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (~$27/hour full-time) to afford the median rent of $1,404/mo in ZIP 57701. The local median household income is $56,461/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 57701?

Rent in ZIP 57701 has increased 11.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 57701 an affordable place to rent?

ZIP 57701 is considered moderate for renters. At $1,404/mo, rent takes approximately 30% of the local median household income ($56,461/yr). The standard benchmark is 30%. ZIP 57701 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 57701 residents rent vs. own?

According to Census data, approximately 39.2% of ZIP 57701 households are renters, while 60.8% are owner-occupied. ZIP 57701 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 57701 compare to the rest of Rapid City?

ZIP 57701 is more affordable than Rapid City overall. At $1,404/mo, it's $39 below the Rapid City citywide median of $1,443/mo.

When was rent data for ZIP 57701 last updated?

Rent data for ZIP 57701 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
30%
MODERATE

At $1,404/mo, rent takes ~30% of ZIP 57701's median household income ($56,461/yr). The standard benchmark is 30%.

ZIP 57701 30%Benchmark 30%
State income taxNone
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Public schools near ZIP 57701 (Rapid City, SD)

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