How many Airbnb and VRBO listings are in Rapid City?

Over the 12 months ending September 2026, the Rapid City market averaged 3,608 active Airbnb and VRBO listings, up 16% from a year earlier and up 55% over two years.

How much do Airbnbs and VRBOs make in Rapid City?

An average Rapid City listing earns $43K/year. High-performing listings earn $75K, while low-performing listings earn $21K.

How much does it cost to buy an Airbnb or VRBO property in Rapid City?

Median Rapid City home prices by size are 1-bedroom $193K, 2-bedroom $312K, 3-bedroom $367K, and 4+ bedroom $458K.

What is the occupancy rate for Airbnb and VRBO in Rapid City?

Average occupancy in Rapid City is 31%, producing RevPAR of $90 per available night.

Are short-term rentals legal in Rapid City?

Rules vary across Rapid City. Rapid City: Lenient. No specific STR regulations or permits required. Operates under general business licensing and zoning. Minimal enforcement. Deadwood: Lenient. Business license required, follows general lodging rules. Historic district has preservation requirements but STR-specific enforcement is light. Spearfish: Lenient. No dedicated STR ordinance. General business license and zoning compliance expected. Limited active enforcement. Custer: Lenient. Business license needed, basic zoning rules apply. No owner-occupancy or density limits. Minimal STR-specific oversight. Verify requirements for the property's jurisdiction.

Is the Rapid City Airbnb and VRBO market oversaturated?

The Rapid City Airbnb and VRBO market appears broadly balanced. Supply has grown 16% year-over-year, while RevPAR has increased 18%, showing no clear supply-demand imbalance.

When is peak season for Airbnbs and VRBOs in Rapid City?

RevPAR is highest in July and August; it is lowest in January and February.

Which Airbnb and VRBO amenities matter most in Rapid City?

The most common amenities are Internet (97%), Parking (95%), Heating (95%). The strongest positive revenue associations are Pool (+82%), Washing Machine (+74%), Hot Tub (+63%).

What is the average nightly rate for Airbnbs and VRBOs in Rapid City?

Average daily rate in Rapid City is $317, up 18% year-over-year. Rates peak in August and are lowest in April.

How far in advance do guests book Airbnb and VRBO stays in Rapid City?

Guests in Rapid City book an average of 44 days in advance, up 4% from last year. Booking windows range from 33 days for 1-bedroom listings to 53 days for 4+ bedroom listings.

Which days of the week perform best for Airbnbs and VRBOs in Rapid City?

Booking demand is highest on Saturday and lowest on Tuesday. Nightly rates peak on Friday and are lowest on Tuesday. Weekend occupancy is 47% higher than weekday occupancy.

How is gross yield calculated?

For each eligible home, annual room-revenue potential is divided by a ZIP- and bedroom-matched home-value estimate. Groups show the median of those yields. Cleaning income is excluded. Gross yield is before expenses and financing.

Rapid City, SD

Rapid City

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Annual revenue (actual)

$50.5k

12 mo avg

↑9%

from prior 12 mo

Occupancy rate

35%

12 mo avg

↓3%

from prior 12 mo

Avg daily rate

$324

12 mo avg

↑18%

from prior 12 mo

Gross yield

11.4%

Current potential

↓0.1 pts

vs prior-year prices

Lead time

45 days

12 mo avg

↑3 days

from prior 12 mo

Revpar

$105

12 mo avg

↑22%

from prior 12 mo

Rapid City Airbnb market summary

Compare Airbnb neighborhoods in Rapid City, SD

Ranked by median gross yield across eligible homes. Each home’s annual room-revenue potential is compared with its ZIP- and bedroom-matched value, before expenses.

Neighborhood	Revenue (potential)	Gross yield
Box Elder and Pennington Country	$53.6K 55 listings	15.3% 55 listings
Rapid City	$41.0K 424 listings	13.5% 424 listings
Southern Lawrence Hills	$56.8K 112 listings	12.6% 112 listings
Hill City, Keystone and Central Hills	$49.4K 306 listings	12.0% 306 listings
Custer and Southern Hills	$56.4K 156 listings	11.9% 156 listings

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Data as of 2026-09-30

Revenue per listing by bedroom

Annual revenue per listing, broken down by bedroom count. Compare which property sizes perform best.

Bedroom count:

Short-term rental supply growth

Tracks how the number of active listings changes over time. Rising supply with flat revenue may indicate saturation.

Performance metrics by bedroom

Breakdown of revenue, property values, yields, supply, and cleaning fees for each bedroom type.

Bedrooms

Median revenue

Median home value

Gross yield

Supply

Cleaning fee

🔒 •••

🔒 $4•

🔒 •••

🔒 $5•

🔒 •••

🔒 $8•

🔒 •••

$149

🔒 •••

🔒 $2••

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