Rent Your Vacation Home or Condo in Rapid City, South Dakota

As a rental property owner, you have many options for short-term rental income. Short-term rentals are ideal for owners who want to earn extra income or have family members or friends visit for a short time. If you’re looking for something different from your standard vacation rental, short-term rental properties can offer a unique experience. While there are many benefits of short-term rentals, there are also some negative trends that need to be addressed. One of the biggest concerns is the impact it has on the local housing market. Short-term rentals can cause a shortage of available housing, which can drive up rents and home prices. As an owner, you need to be aware of this so you can make informed decisions about whether or not it’s right for your situation.

When partnering with RedAwning for your property management needs, we can make sure your Rapid City rental is set up correctly and ready to generate the most amount of revenue possible per stay.

Current Vacation Rental Trends in Rapid City

During the month of November, Rapid City is projected to generate over $187/night for a 2 bedroom vacation rental, on average! There were 735 vacation active rental properties in Rapid City.  684 are renting the entire place, and 51 are shared rooms.  On average, during the month of November 2023, each vacation rental property in Rapid City is booked 62% of the time, and most hosts are projected to generate $2,450 or more during the month of November! See how much you could earn with our free vacation rental income calculator.

$187.00 Per Night*


61% Occupied*


$2,450.00 Per Month*

* Based on the median average of all vacation rentals in the Rapid City area.
Get a free estimate for your home or condo.

Featured Rapid City Vacation Rental Generating Record Profits With RedAwning

Peaceful Pines 5 BR Home with Jacuzzi- Sleeps 9 Starting at $170 to $2,140 per night!

This gorgeous home is tucked away in the wilderness on 7.27 acres, with breathtaking views of South Dakota’s Black Hills. Offering a retreat for a large group of family and friends and the comforts of home to enjoy after visiting major area attractions! 4380sq.ft. of living space, with 5 bedrooms and 3 Full Bathrooms, tons of natural sunlight throughout. The main floor features a large 2-storey open living room with a beautiful stone fireplace, a dining room with a table that seats 6, 2... Read More

This Rapid City vacation home is presented on every travel website, where travelers are looking to book accommodations (Airbnb, VRBO, Expedia, Google Travel, and hundreds more). And, with RedAwning's dynamic pricing, daily rates are adjusted based on seasonality and demand in Rapid City.

Successful short-term vacation rentals in Rapid City, Tennessee

When you start thinking about going on vacation, one of the first things that comes to mind is where you will stay. While it may be tempting to choose a hotel or resort that is close to the beach or other attractions, one of the best ways to save money and have a great time is by renting out your home while you are away. If you are looking for a place to stay in Rapid City, South Dakota, there are a number of benefits to choosing a short-term rental property over a hotel room. First, you can save money by renting out a part of your home rather than an entire room. Second, you can meet new people and make new friends while staying in someone's home rather than a hotel. And third, you can enjoy the comforts of your own home without having to pack and unpack every day.

If you're looking for ways to make money from your Rapid City vacation home, short-term rentals are an increasingly popular option. While the practice is not necessarily illegal, according to the National Association of Realtors, there are a few things you should keep in mind before putting your home on the rental market. A short-term rental must be used as a primary residence and rented at least 90 days per year. The property must also have at least three bedrooms and two bathrooms. Your home must also be in good shape and well-maintained — anything less could lead to issues with Airbnb's hosts or prospective renters. If you choose to go this route, make sure to rent only to people who intend to stay for an extended period of time; otherwise, you may risk getting into trouble with the tax man.

RedAwning takes the guess-work out of Rapid City property management, and we work with you to ensure your Rapid City short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.

See how much your Rapid City vacation rental could earn:

Revenue Projections for Vacation Rentals in Rapid City, South Dakota during December, 2023

Based on a 2 bedroom, which is the most common Rapid City vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in December. Higher bars below can command higher prices, if your Rapid City vacation rental is available during these days.

Average Daily Price & Percent Occupied Next Month In Rapid City

Note: These averages are based on a 2 bedroom home in Rapid City. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Rapid City, Tennessee?

If you are a speculative home buyer or have another home in Tennessee, check out our other South Dakota Vacation Rental Management reports in Sioux FallsNewcastleSturgisDeadwoodSilver CityHill CityCrazy Horse,  and Spearfish, Tennessee or view all of our vacation rental market reports

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