Housing in Pennington County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Pennington County averages $584/month for a 2‑bedroom in 2024, compared to the South Dakota median of $946 and the national median of $1,413. Local renters spend approximately 17% of household income on rent, below the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Pennington County FMR Area are $998 for a studio, $1,104 for 1‑bedroom, $1,448 for 2‑bedroom, $1,889 for 3‑bedroom, and $2,360 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $864 increase for a 2-bedroom in Pennington County shows a 148% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Pennington County was 1.8% in 2024, compared to South Dakota at 1.8% and the national rate of 4.0%.

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Towns near Rapid City

City
County
State
Miles
Pennington
SD
0.0
Meade
SD
6.4
Pennington
SD
7.0
Meade
SD
7.1
Meade
SD
10.1
Lawrence
SD
17.5
Meade
SD
17.5
Pennington
SD
19.8
Pennington
SD
20.2
Meade
SD
22.3
Custer
SD
22.3
Pennington
SD
23.3
Pennington
SD
24.4
Lawrence
SD
28.6
Lawrence
SD
30.6
Pennington
SD
32.3
Custer
SD
33.1
Custer
SD
33.8
Lawrence
SD
34.0
Butte
SD
34.3
Custer
SD
35.2
Lawrence
SD
38.0
Pennington
SD
38.8

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