ZIP Code · SD

ZIP 57703

Part of Rapid City, SD

Pop. 18,013·Pennington County·1st most expensive ZIP in South Dakota

Median rent (all units)

$1,539/mo

Year-over-Year

+7.8%

Month-over-Month

+1.8%

vs US Median

-$393

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 57703 · $1,539

More affordable than 70% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,170

1 BR

$1,300

2 BR

$1,700

3 BR

$2,220

4 BR+

$2,770

Research median

$1,700/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

Past year vs. the rest of South Dakota

Rent in ZIP 57703 changed +7.8% 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 3 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($83,739) is $2,093 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,700); a 3-bedroom is $2,220.

Rank in Rapid City

3rd cheapest of 3 ZIP codes in Rapid City.

From Zillow's monthly rent index (ZORI) for ZIP 57703. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,468/yr

At $1,539/mo median

Location

CityRapid City

StateSD

CountyPennington County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 7.8% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+7.8% YoY, +1.8% MoM), not inventory.

Demographics

Who lives here

ZIP 57703 (Rapid City, SD) is majority owner-occupied, 22.6% of residents hold a bachelor's degree or higher.

Population

18,013

Median income

$83,739

Median age

38.4

Renters

17.4%

Age distribution

21.9%

22.7%

25.4%

15.4%

14.6%

Under 1821.9%

18–3422.7%

35–5425.4%

55–6415.4%

65+14.6%

Gender

52.2%

47.8%

Male52.2%

Female47.8%

Race & ethnicity

76.7%

13.5%

White76.7%

Black1.2%

Hispanic6.2%

Asian2.5%

Other13.5%

Education (25+)

30.2%

39.6%

22.6%

No HS diploma7.6%

HS diploma30.2%

Some college39.6%

Bachelor's+22.6%

Housing tenure

82.6%

17.4%

Owner82.6%

Renter17.4%

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

2021 vs 2026

How ZIP 57703 in Rapid City, SD has changed in 5 years

Income

$72,217 → $83,739

up 16.0%

Population

16,785 → 18,013

up 7.3%

Renter share

16.3% → 17.4%

+1.1 pts

Bachelor's+

23.2% → 22.6%

-0.6 pts

Median age

37.6 → 38.4

+0.8 yrs

Household income in the area moved from $72,217 to $83,739 across the same window, up 16.0% versus 2021. Census counts show ZIP 57703 in Rapid City, SD adding about 1,228 residents over the five-year window, up 7.3% on net.

Community

Discussions about ZIP 57703

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Local insights

Tips for renters in ZIP 57703

About renting in ZIP 57703

Last updated: October 17, 2026

ZIP code 57703 covers Rapid City, SD. The median rent here is $1,539/mo as of October 2026. A 1-bedroom rents for a median of $1,300/mo. A 2-bedroom rents for a median of $1,700/mo.

At 22% of local median household income ($83,739/yr), ZIP 57703 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 57703?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (about $30/hour full-time) to afford the median rent of $1,539/mo in ZIP 57703. The local median household income is $83,739/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 57703?

Rent in ZIP 57703 has risen 7.8% over the past year.

How does ZIP 57703 compare to other ZIPs in South Dakota?

ZIP 57703 is one of the pricier among South Dakota ZIP codes for rent, ranking #1 of 16 at $1,539/mo. Over the year to September 2026, rent in ZIP 57703 changed +7.8%, against a typical +4.1% across the 14 South Dakota ZIP codes Zillow tracks.