Rent to own Homes in Rapid Valley, SD

Rapid Valley, SD is a great place for affordable rent-to-own homes! With a median household income of over $64,564 and a median rent of $1,051, the Rapid Valley, SD rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Rapid Valley, SD. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Rapid Valley, SD rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 42 of 42
Hot
1 of 27 827 BAR FIVE RANCH RD
Rent To Own
Elk Vale Road
Single Family Home
Rapid City, SD 57703
4
3
2839 ft2
2016
Hot
1 of 4 5041 SATURN DR
Rent To Own
Elk Vale Road
Single Family Home
Rapid City, SD 57703
2
1
1726 ft2
1980
Hot
1 SAINT ANDREW ST
Rent To Own
Downtown Rapid City
Single Family Home
Rapid City, SD 57701
3
2
1536 ft2
1950
Hot
1 of 43 6685 ASTORIA LN
Rent To Own
 
Single Family Home
Summerset, SD 57718
4
3
2792 ft2
2005
1910 SWEETBRIAR ST
Auction
Elk Vale Road
Single Family Home
Rapid City, SD 57703
3
2
1660 ft2
1956
3184 OBRIEN ST
Auction
Elk Vale Road
Single Family Home
Rapid City, SD 57703
3
2
1072 ft2
2000
New
2601 LEOLA LN
Auction
Elk Vale Road
Single Family Home
Rapid City, SD 57703
4
1
1110 ft2
2016
New
5625 URANUS DR
Auction
Elk Vale Road
Single Family Home
Rapid City, SD 57703
3
1
1008 ft2
1972
New
1 of 5 3170 TEEWINOT DR
Auction
Elk Vale Road
Single Family Home
Rapid City, SD 57703
3
1
900 ft2
1991
313 MULE DEER TRL
Auction
Airport Neighborhood
Single Family Home
Box Elder, SD 57719
4
2
1175 ft2
1961
1043 E OHIO ST
Auction
Downtown Rapid City
Single Family Home
Rapid City, SD 57701
2
1
720 ft2
1961
626 STEALTH LN
Auction
Ellsworth
Single Family Home
Box Elder, SD 57719
3
2
864 ft2
2002
New
2126 RENA PL
Auction
Downtown Rapid City
Single Family Home
Rapid City, SD 57701
3
1
1480 ft2
1958
New
710 E MINNESOTA ST
Auction
South Robbinsdale
Single Family Home
Rapid City, SD 57701
3
2
1012 ft2
1990
New
308 E NEW YORK ST
Auction
North Rapid City
Single Family Home
Rapid City, SD 57701
4
2
1254 ft2
1917
112 E MADISON ST
Auction
North Rapid City
Single Family Home
Rapid City, SD 57701
2
2
768 ft2
1949
3 INDIANA ST
Auction
Downtown Rapid City
Single Family Home
Rapid City, SD 57701
3
1
912 ft2
1957
New
214 DOOLITTLE ST
Auction
North Rapid City
Townhouse/Condo
Rapid City, SD 57701
2
1
960 ft2
2006
1 of 5 2924 WISCONSIN AVE
Auction
South Robbinsdale
Single Family Home
Rapid City, SD 57701
3
1
976 ft2
1959
1554 Other
REO Foreclosure
Northeast Rapid City
Single Family Home
Rapid City, SD 57701
4
2
0 ft2
1994
1719 MINUTEMAN DR
Auction
North Rapid City
Single Family Home
Rapid City, SD 57701
3
1
960 ft2
1977
New
1305 N 7TH ST
Auction
North Rapid City
Single Family Home
Rapid City, SD 57701
5
3
1200 ft2
1973
New
1 of 4 716 CRAZY HORSE ST
Auction
Deadwood Avenue
Single Family Home
Rapid City, SD 57701
3
1
1092 ft2
1960
New
504 LION DR
Auction
Deadwood Avenue
Single Family Home
Rapid City, SD 57701
4
2
924 ft2
1980
722 RADIAL LN
REO Foreclosure
Ellsworth
Single Family Home
Box Elder, SD 57719
4
3
0 ft2
2010
New
2958 TOMAHAWK DR
Auction
Sheridan Lake Road
Single Family Home
Rapid City, SD 57702
3
2
1648 ft2
1958
2031 ELMHURST DR
Auction
West Rapid City
Single Family Home
Rapid City, SD 57702
3
1
924 ft2
1938
3431 FAIRHAVEN DR
Auction
Sheridan Lake Road
Single Family Home
Rapid City, SD 57702
3
2
1380 ft2
1959
New
1 of 12 806 SAN MARCO BLVD
Auction
West Rapid City
Single Family Home
Rapid City, SD 57702
3
2
1032 ft2
1961
6905 DAISY DR
Auction
Blackhawk
Single Family Home
Black Hawk, SD 57718
2
2
972 ft2
2003
New
5695 CLEGHORN CANYON RD
Auction
Nemo Road
Single Family Home
Rapid City, SD 57702
3
1
1339 ft2
1955
1 of 3 208 E OAK ST
Auction
 
Single Family Home
New Underwood, SD 57761
2
1
1159 ft2
1910
Hot
409 S MADISON AVE
REO Foreclosure
 
Single Family Home
New Underwood, SD 57761
3
2
1612 ft2
1950
1 of 16 213 JANKLOW AVE
Auction
 
Single Family Home
New Underwood, SD 57761
3
2
828 ft2
2005
514 7TH ST
REO Foreclosure
 
Single Family Home
Sturgis, SD 57785
4
2
1445 ft2
1960
1 of 6 1152 CANAL ST
Auction
 
Single Family Home
Custer, SD 57730
3
2
912 ft2
1977
Hot
1 of 9 20313 AVALANCHE RD
REO Foreclosure
 
Single Family Home
Whitewood, SD 57793
3
3
0 ft2
1996
803 Pine Street
REO Foreclosure
 
Single Family Home
Whitewood, SD 57793
3
3
2400 ft2
2018
New
4D WOODRUN LN
Auction
Sheridan Lake Road
Townhouse/Condo
Rapid City, SD 57702
4
2
1017 ft2
1973
New
24364 ABE PL
Auction
 
Single Family Home
Keystone, SD 57751
4
2
1700 ft2
2005
1 of 5 78 Acre Family Estate
Rent To Own
Downtown Rapid City
Multifamily (2 - 4 Units)
Rapid City, SD 57702
0
0
3432528 ft2
New
8437 WINCHESTER CT
Auction
 
Single Family Home
Piedmont, SD 57769
4
0
0 ft2
1998
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Neighborhoods in Rapid Valley, SD

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Buying a Home in Rapid Valley, SD

Rapid Valley, SD is seeing rapid growth and Rapid Valley, SD's' housing market remains optimal with an average home price that is -25% below the 2024 national average. Rapid Valley, SD is part of Pennington county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Pennington is 1.33% which is above the national average, which is 0.99%.

Median Home Price in Rapid Valley, SD

Median Rent in Rapid Valley, SD

Rent to own homes offer low monthly payments and flexible terms.