Hot Springs, SD rental market
Last updated August 10, 2025
Rental market summary
The average rent for all bedrooms and all property types in Hot Springs, SD is $950.
$950
$0
-$50
3
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $900 to $995.
| Rent price | Number of rental properties |
|---|---|
| $800 | 1 |
| $900+ | 3 |
Average rent price over time
In the last year, rent has decreased by $50 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $950 | $950 |
| Feb | $875 | $825 |
| Mar | $950 | $915 |
| Apr | $1,200 | $900 |
| May | $1,200 | $930 |
| Jun | $1,200 | $900 |
| Jul | $695 | $900 |
| Aug | $1,000 | $900 |
| Oct | $950 | No data |
| Nov | $879 | No data |
| Dec | $925 | No data |
Market temperature
The Hot Springs, SD rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Hot Springs, SD is 55% lower than the national average.
$950
$2,100
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Frequently asked questions
1. What is the average rent in Hot Springs, SD?
The average rent in Hot Springs, SD is $950.
2. How much does it cost to rent a house in Hot Springs, SD?
Houses in Hot Springs, SD rent between $900 - $995 with an average rent of $950.
3. How has the rent in Hot Springs, SD changed in the last year?
In the last year, the rent in Hot Springs, SD decreased by $50
4. How much has the rent in Hot Springs, SD increased/decreased in the last month?
In the last month, the rent in Hot Springs, SD did not change.
5. How many available rentals are there in Hot Springs, SD?
There are currently 3 rentals available in Hot Springs, SD.
6. How do rent prices in Hot Springs, SD compare with the national average?
The average rent in Hot Springs, SD is $950 — 54.76% lower the national average of $2,100.