Property Management
in Rapid City, SD

Top 10 Property Management Companies

Companies who earn the iPropertyManagement seal have demonstrated a high standard of excellence for both owners and tenants in the field of property management.

South Dakota

License #: ?

Complete Property Solutions, LLC

#1 best rated of 10 Rapid City, SD property management companies

Based on 1 Review Show all

No Reviews Found

605-341-2435
809 E Minnesota St, Rapid City, SD 57701
Areas Served Rapid City
? BBB: N/A
Since ?
Residential
Commercial
Hoa

There will be a $35.00 application fee for each applicant. *pet rent of $35.00 per month and a $500.00 pet deposit.

License #: ?

Fox Meadow Property Management

#2 best rated of 10 Rapid City, SD property management companies

Based on 5+ Reviews Show all

No Reviews Found

605-716-6442
1200 Range View Cir, Rapid City, SD 57701
Areas Served Rapid City
? BBB: N/A
Since ?
Residential
Commercial
Hoa

There is a non-refundable application fee of $30 for single individuals or $45 for joint applicants.

License #: 10791

NWE Management Company

#3 best rated of 10 Rapid City, SD property management companies

Based on 5+ Reviews Show all

No Reviews Found

605-394-3310
314 Founders Park Dr, Rapid City, SD 57701
Areas Served Rapid City
? BBB: N/A
Since 1987
Residential
Commercial
Hoa

?

License #: 13537

Thrive Property Management

#4 best rated of 10 Rapid City, SD property management companies

Based on 5+ Reviews Show all

No Reviews Found

605-721-9095
1425 Mt Rushmore Rd, Rapid City, SD 57701
Areas Served Rapid City
1-10 employees BBB: A
Since 2015
Residential
Commercial
Hoa

?

License #: 10906

Kahler Property Management

#5 best rated of 10 Rapid City, SD property management companies

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Based on 1 Reviews Show all

605-343-7525
2040 W Main St #100, Rapid City, SD 57702
Areas Served Rapid City
? BBB: N/A
Since ?
Residential
Commercial
Hoa

The application fee of $40.00 per adult

License #: ?

A&A Professional Property Management

#6 best rated of 10 Rapid City, SD property management companies

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605-341-7761
1402 West Rapid Street, Rapid City, SD 57701
Areas Served Rapid City
? BBB: A+
Since 1990
Residential
Commercial
Hoa

The application fee is $45 for a single adult or $90 for a couple.

License #: ?

Lewis Kirkeby & Hall Property Management

#7 best rated of 10 Rapid City, SD property management companies

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Based on 3 Reviews Show all

605-348-1865
401 Sturgis St, Rapid City, SD 57702
Areas Served Rapid City
1-10 employees BBB: N/A
Since 1972
Residential
Commercial
Hoa

?

License #: ?

Countryside Property Management

#8 best rated of 10 Rapid City, SD property management companies

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605-343-6333
27 Signal Dr, Rapid City, SD 57701
Areas Served Rapid City
? BBB: N/A
Since 2009
Residential
Commercial
Hoa

credit/screening fee of $40.00 per adult

License #: ?

Lester Hospitality Management

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No Reviews Found

605-342-2222
2525 W Main St, Rapid City, SD 57702
Areas Served Rapid City
? BBB: N/A
Since ?
Residential
Commercial
Hoa

?

License #: 13728

MLM Asset Management, LLC

No Reviews Found Show all

No Reviews Found

605-381-2113
333 West Blvd, Rapid City, SD 57701
Areas Served Rapid City
? BBB: N/A
Since ?
Residential
Commercial
Hoa

?

Rapid City vs Nearby Cities

Rapid City rests just east of the Black Hills National Forest in western South Dakota. With a median listing price for homes around $250,000 or $200 per square foot, the city’s real estate market reflects prices slightly higher than those in many surrounding cities. In Hot Springs and Belle Fourche, the median listing price is much closer to $200,000 if not a bit below. There are some cities in this area offering higher prices due to limited inventories. For instance, the median listing price is around $300,000 in Sturgis. Home prices in this city can range from under $100,000 to more than $500,000, and there are often fewer than 100 homes available.

Rapid City Property Managers

When real estate investors and property managers can’t properly maintain their rental units, they often hire property managers to take over the day-to-day operations. Duties can range from basic rent collection and customer service to complete operational control. Managers often have enough real estate knowledge to help set competitive rent prices.

Rapid City Property Management Fees

While some property management companies will work for a flat fee per month, most charge a percentage of the monthly rent value. The average managerial fee is around 10 percent, but some companies will charge less for contracts that include fewer services. Owners or investors are still required to cover daily operational expenses.

South Dakota Landlord/Tenant Laws

  • South Dakota landlords can legally charge no more than the equivalent of one month’s rent when asking a new tenant for a security deposit.
  • If a tenant requests an itemized list of deductions from their security deposit, the landlord has up to 45 days from the move-out date to deliver the list plus the remaining portion of the deposit.