ZIP Code · SD

ZIP 57702

Part of Rapid City, SD

Pop. 35,595·Pennington County·3rd most expensive ZIP in South Dakota

Median rent (all units)

$1,465/mo

Year-over-Year

+3.8%

Month-over-Month

+0.1%

vs US Median

-$467

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 57702 · $1,465

More affordable than 75% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$970

1 BR

$1,070

2 BR

$1,410

3 BR

$1,840

4 BR+

$2,300

Research median

$1,410/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 57702 is at its highest level since Zillow's records here began in December 2022.

Past year vs. the rest of South Dakota

Rent in ZIP 57702 changed +3.8% over the year to September 2026. Across the 14 South Dakota ZIP codes Zillow tracks, the typical change was +4.1%.

Recent direction

Rent has risen 4 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($91,457) is $2,286 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,840); a 4-bedroom is $2,300.

Rank in Rapid City

2nd cheapest of 3 ZIP codes in Rapid City.

From Zillow's monthly rent index (ZORI) for ZIP 57702. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,580/yr

At $1,465/mo median

Location

CityRapid City

StateSD

CountyPennington County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.8% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 57702 (Rapid City, SD) is majority owner-occupied, has a large retiree population, has a median income above the national average, 49.5% of residents hold a bachelor's degree or higher.

Population

35,595

Median income

$91,457

Median age

47.8

Renters

26.9%

Age distribution

20%

16%

21.5%

16.1%

26.4%

Under 1820%

18–3416%

35–5421.5%

55–6416.1%

65+26.4%

Gender

51.4%

48.6%

Male51.4%

Female48.6%

Race & ethnicity

85.7%

White85.7%

Black0.8%

Hispanic4.8%

Asian0.8%

Other7.9%

Education (25+)

17.6%

29.9%

49.5%

No HS diploma2.9%

HS diploma17.6%

Some college29.9%

Bachelor's+49.5%

Housing tenure

73.1%

26.9%

Owner73.1%

Renter26.9%

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

2023 vs 2026

How ZIP 57702 in Rapid City, SD has changed in 5 years

Rent

$1,274 → $1,465

up 15.0%

Income

$74,907 → $91,457

up 22.1%

Population

33,678 → 35,595

up 5.7%

Renter share

24.5% → 26.9%

+2.4 pts

Bachelor's+

44.7% → 49.5%

+4.8 pts

Median age

46.9 → 47.8

+0.9 yrs

The median rent in ZIP 57702 in Rapid City, SD stood at $1,274 in 2023 and currently runs about $1,465, reflecting a 15.0% increase over the period. Median household income rose from $74,907 to $91,457 between 2021 and 2024, a 22.1% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 5.7% since 2021, moving from about 33,678 residents to roughly 35,595. Renters now make up 26.9% of households, compared with 24.5% five years ago. College-educated residents now make up 49.5% of adults here, versus 44.7% in 2021. Taken together, the five-year picture in ZIP 57702 in Rapid City, SD reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 57702

Last updated: October 17, 2026

ZIP code 57702 covers Rapid City, SD. The median rent here is $1,465/mo as of October 2026. A 1-bedroom rents for a median of $1,070/mo. A 2-bedroom rents for a median of $1,410/mo.

At 19% of local median household income ($91,457/yr), ZIP 57702 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 57702?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (about $28/hour full-time) to afford the median rent of $1,465/mo in ZIP 57702. The local median household income is $91,457/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 57702?

Rent in ZIP 57702 has risen 3.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in December 2022.

How does ZIP 57702 compare to other ZIPs in South Dakota?

ZIP 57702 is one of the pricier among South Dakota ZIP codes for rent, ranking #3 of 16 at $1,465/mo. Over the year to September 2026, rent in ZIP 57702 changed +3.8%, against a typical +4.1% across the 14 South Dakota ZIP codes Zillow tracks.