Housing

Rapid City is divided into four main areas named by locals according to compass direction. South Robbinsdale and North Rapid City make up the bulk of the community’s central core area with the Downtown separating the two neighborhoods. West Rapid is a sprawling, primarily residential neighborhood found “through the gap” created by a scenic and natural barrier of Skyline Drive and Cowboy Hill. Rapid Valley is located in the east, as the city transitions from the foothills to a beautiful prairie landscape. Wide traffic arteries provide easy access between the neighborhoods and interstate and highway access makes getting in, out and around the city easy. Schools, churches, shopping centers and other services are well distributed throughout the city, and the greenbelt that follows Rapid Creek through town makes a seven-mile-long park never more than a few minutes from any home.

Rental Rates in Rapid City

Proposed FY 2015 & Final FY 2014 Fair Market Rents By Unit Bedrooms

Year Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom
Proposed FY 2015 FMR $503 $594 $794 $1,072 $1,406
Final FY 2014 FMR $491 $581 $776 $1,048 $1,374
Percentage Change 2.4% 2.2% 2.3% 2.3% 2.3%

Source: 2015 HUD Proposed Fair Market Rent rates for Rapid City.

Building Permit Activity in Rapid City

Our economy continues to expand as evidenced by consistent residential and commercial permit activity.

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