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ZIP Code · SD

ZIP 57702

Pop. 35,595·Pennington County·6th most expensive ZIP in South Dakota
Median rent (all units)
$1,368/mo
Year-over-Year
+8.1%
Month-over-Month
+2.5%
vs US Median
-$597
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 57702 · $1,368
More affordable than 83% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$16,416/yr
At $1,368/mo median
Location
StateSD
CountyPennington County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.1% YoY, +2.5% 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

2021 vs 2026

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

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

Median household income rose from $74,907 to $91,457 between 2021 and 2024, a 22.1% shift. 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.

Community

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Local insights

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About renting in ZIP 57702

Last updated: July 20, 2026

ZIP code 57702 covers Rapid City, SD. The median rent here is $1,368/mo as of July 2026. A 1-bedroom rents for a median of $1,070/mo. A 2-bedroom rents for a median of $1,410/mo.

At 18% of local median household income ($91,457/yr), ZIP 57702 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 57702?

As of July 20, 2026, the median monthly rent in ZIP 57702 (Rapid City, SD) is $1,368. This is based on aggregated data from public sources and community submissions.

How does ZIP 57702 rent compare to the US average?

ZIP 57702's median rent of $1,368/mo is $597 (30%) below the US national median of $1,965/mo.

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

ZIP 57702 is one of the pricier ZIP codes in South Dakota, ranking #6 out of 16 ZIPs tracked at $1,368/mo.

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 $55,000/year (~$26/hour full-time) to afford the median rent of $1,368/mo in ZIP 57702. The local median household income is $91,457/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 57702?

Rent in ZIP 57702 has increased 8.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 57702 an affordable place to rent?

ZIP 57702 is considered very affordable for renters. At $1,368/mo, rent takes approximately 18% of the local median household income ($91,457/yr). The standard benchmark is 30%. ZIP 57702 falls comfortably within that range.

What percentage of ZIP 57702 residents rent vs. own?

According to Census data, approximately 26.9% of ZIP 57702 households are renters, while 73.1% are owner-occupied. ZIP 57702 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 57702 compare to the rest of Rapid City?

ZIP 57702 is more affordable than Rapid City overall. At $1,368/mo, it's $75 below the Rapid City citywide median of $1,443/mo.

When was rent data for ZIP 57702 last updated?

Rent data for ZIP 57702 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
18%
VERY AFFORDABLE

At $1,368/mo, rent takes ~18% of ZIP 57702's median household income ($91,457/yr). The standard benchmark is 30%.

ZIP 57702 18%Benchmark 30%
State income taxNone
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