What is the median rent in Hot Springs, SD?

Name: Median rent in Hot Springs, SD, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Hot Springs, SD is $897 (±$147) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 698 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Hot Springs, the median gross rent went from $584 in 2015–2019 to $897 in 2020–2024 (+53.6%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median gross rent: $897 (±$147)
Rented homes: 698 (±152)
$2,000 or more: 1.6%
Since 2015–2019: +53.6%

How much rent costs in Hot Springs

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Hot Springs	Fall River County	South Dakota	United States
Less than $500	27.7% (±11.3 points)	24.8%	12.1%	6.3%
$500 to $999	30.8% (±12.9 points)	31.1%	43.4%	20.2%
$1,000 to $1,499	38.0% (±13.6 points)	40.4%	31.7%	28.1%
$1,500 to $1,999	2.0% (±2.5 points)	2.4%	8.8%	21.1%
$2,000 to $2,499	0.0% (±3.5 points)	0.0%	2.4%	12.0%
$2,500 to $2,999	0.0% (±3.5 points)	0.0%	0.4%	5.5%
$3,000 or more	1.6% (±2.4 points)	1.3%	1.2%	6.8%

The most common range is $1,000 to $1,499, paid by 38.0% of renting households.

1.6% of rented homes in Hot Springs cost $2,000 or more a month.

Hot Springs against Fall River County, its state and the nation

Estimate (90% margin of error)
	Hot Springs	Fall River County	South Dakota	United States
Median gross rent	$897 (±$147)	$931 (±$137)	$946 (±$11)	$1,413
Rented homes paying rent	698 (±152)	839 (±154)	106,634 (±2,031)	42,849,984

In Hot Springs, median gross rent is not measurably different from Fall River County ($931).

It is not measurably different from South Dakota ($946).

It is lower than the national figure ($1,413).

In Fall River County, Hot Springs ranks 3 of 3 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 66 of 231.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Hot Springs has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$584 (±$97)	$897 (±$147)	+53.6%	No measurable change after inflation
Households that rent	31.6% (±8.8 points)	37.7% (±8.0 points)	+6.1 percentage points	Not a measurable change
Rental vacancy rate	9.2% (±9.6 points)	0.0% (±3.5 points)	−9.2 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Hot Springs

Nearest places with a published estimate, compared with Hot Springs
Place	Distance	Median gross rent	Compared with this place
Hot Springs	—	$897 (±$147)	—
Oelrichs	20 mi	$977 (±$114)	Not measurably different
Edgemont	20 mi	$1,011 (±$625)	Not measurably different
Custer	25 mi	$968 (±$159)	Not measurably different
Hermosa	32 mi	$1,264 (±$172)	Higher
Keystone	33 mi	$546 (±$392)	Not measurably different
Hill City	36 mi	$1,345 (±$293)	Higher
Oglala	41 mi	$605 (±$329)	Not measurably different
Rapid City	47 mi	$1,109 (±$48)	Higher

Nearby places with a measurably higher figure: Hermosa, SD ($1,264), Hill City, SD ($1,345), Rapid City, SD ($1,109).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Fall River County, place by place

Rank	Place	Median gross rent
1	Edgemont	$1,011 (±$625)
2	Oelrichs	$977 (±$114)
3	Hot Springs	$897 (±$147)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Hot Springs

What is the average rent in Hot Springs, SD?

The Census Bureau publishes the median rather than the average: the median gross rent in Hot Springs is $897 (±$147) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Hot Springs?

In Hot Springs, the median gross rent went from $584 in 2015–2019 to $897 in 2020–2024 (+53.6%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

How many rentals in Hot Springs cost more than $2,000 a month?

1.6% of rented homes in Hot Springs have a gross rent of $2,000 or more a month, and 27.7% cost less than $500.

Is rent in Hot Springs higher than in Fall River County?

In Hot Springs, median gross rent is not measurably different from Fall River County ($931).

It is not measurably different from South Dakota ($946).

It is lower than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Hot Springs city, South Dakota (place:30220, in state:46).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.