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ZIP Code · SD

ZIP 57703

Pop. 18,013·Pennington County·2nd most expensive ZIP in South Dakota
Median rent (all units)
$1,554/mo
Year-over-Year
+19.4%
Month-over-Month
+0.5%
vs US Median
-$411
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 57703 · $1,554
More affordable than 70% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$18,648/yr
At $1,554/mo median
Location
StateSD
CountyPennington County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 19.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+19.4% YoY, +0.5% 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

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Local insights

Tips for renters in ZIP 57703

About renting in ZIP 57703

Last updated: July 20, 2026

ZIP code 57703 covers Rapid City, SD. The median rent here is $1,554/mo as of July 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 19.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 57703?

As of July 20, 2026, the median monthly rent in ZIP 57703 (Rapid City, SD) is $1,554. This is based on aggregated data from public sources and community submissions.

How does ZIP 57703 rent compare to the US average?

ZIP 57703's median rent of $1,554/mo is $411 (21%) below the US national median of $1,965/mo.

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

ZIP 57703 is one of the pricier ZIP codes in South Dakota, ranking #2 out of 16 ZIPs tracked at $1,554/mo.

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 (~$30/hour full-time) to afford the median rent of $1,554/mo in ZIP 57703. The local median household income is $83,739/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 57703?

Rent in ZIP 57703 has increased 19.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 57703 an affordable place to rent?

ZIP 57703 is considered very affordable for renters. At $1,554/mo, rent takes approximately 22% of the local median household income ($83,739/yr). The standard benchmark is 30%. ZIP 57703 falls comfortably within that range.

What percentage of ZIP 57703 residents rent vs. own?

According to Census data, approximately 17.4% of ZIP 57703 households are renters, while 82.6% are owner-occupied. ZIP 57703 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 57703 compare to the rest of Rapid City?

ZIP 57703 is pricier than Rapid City as a whole. At $1,554/mo, it's $111 above the Rapid City citywide median of $1,443/mo.

When was rent data for ZIP 57703 last updated?

Rent data for ZIP 57703 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,554/mo, rent takes ~22% of ZIP 57703's median household income ($83,739/yr). The standard benchmark is 30%.

ZIP 57703 22%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 57703 (Rapid City, SD)

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