Downtown Rapid City

Rapid City, SD

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Downtown Rapid City - Rapid City, SD

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Art and history, wrapped in Western charm

Arts Culture Historic College Museums Events Theaters Outdoors

Blending historic charm and Western flair with modern outdoor art and colorful murals, Downtown Rapid City provides a unique, vibrant setting. Add in the spectacular parks and outdoor activities -- and the fact that it is a college town, home to South Dakota School of Mines & Technology -- and it's no wonder this great neighborhood is quickly growing. At the heart of downtown, the beautiful Main Street Square, with its outdoor art and fountain, is a gathering place for year-round activities.

With plenty of shops, restaurants, and galleries to explore, Downtown Rapid City always provides something to do. Some destinations include Art Alley, the Dahl Arts Center, and the Elks Theatre. Residents can learn more about Black Hills history at the Journey Museum and Learning Center, or they can spend the afternoon at Memorial Park, which features a walking trail, ponds, a fountain, a playground, and monuments. Events held downtown are plentiful and include Downtown Restaurant Week, the Great Downtown Pumpkin Festival, and the Cruiser Car Show and Street Fair.

Rent Trends

As of March 2025, the average apartment rent in Downtown Rapid City is $806 for a studio, $1,257 for one bedroom, $1,585 for two bedrooms, and $948 for three bedrooms. Apartment rent in Downtown Rapid City has decreased by -2.1% in the past year.

  • Studio

  • 420 sq ft

    Average Sq Ft

  • $806/month

    Average Rent

  • 1 BR

  • 616 sq ft

    Average Sq Ft

  • $1,257/month

    Average Rent

  • 2 BR

  • 924 sq ft

    Average Sq Ft

  • $1,585/month

    Average Rent

  • 3 BR

  • 1,060 sq ft

    Average Sq Ft

  • $948/month

    Average Rent

Transportation

74

Very Walkable

out of 100 WalkScore® Rating

If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.

70

Very Bikeable

out of 100 BikeScore® Rating

This area is very bikeable. You’ll find a variety of bike paths and lanes.

Points of Interest

Parks and Recreation

  • The Journey Museum
  • Museum of Geology
  • The Outdoor Campus - West
  • Reptile Gardens
  • Black Hills Caverns

Airports

  • Rapid City Regional

Colleges

Top Apartments in Downtown Rapid City

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.