South Dakota is known for its beautiful National Parks and impressive historical attractions. In the Mount Rushmore State, visitors can find buildings dating back over a century. One such building has even been converted into a hotel and is available to rent out for a night for a hefty price. Let’s dive into this hotel and a few of the other most expensive places to stay in South Dakota. (After this article, check out the Top National Parks to Explore When the Weather is Perfect.) It should be noted that nightly rates vary significantly by date, unit type (studio, one-bedroom, penthouse) and season.
This post was updated on September 30, 2025 to clarify rates affected by season, history of The Bank Hotel, up-to-date rate ranges, location of Mt. Rushmore Resort, and dining options at the Hilton.
The Bank Hotel Deadwood
696 Main Street, Deadwood, SD 57732, United States
Price per Night: $300 – $1,800
This historic hotel’s namesake dates back to 1903 when the building was first erected and housed First National Bank of Deadwood. Today The Bank Hotel is a luxurious 5-star boutique hotel situated on Main Street across Deadwood’s Outlaw Square. The hotel features a luxury studio condo, a one-bedroom condo, and a luxury penthouse. Guests can even rent out the entire bank building and enjoy all three luxury condos — just be prepared to pay upwards of $1,800 per night.
Each condo features views of Deadwood events such as concerts and parades. The rooms are also complete with well-equipped kitchens, warm fireplaces, flat-screen TVs, and complimentary WiFi. Enjoy this stunningly decorated, beautiful hotel in a historic building near restaurants, shopping boutiques, bars, and more.
Mt. Rushmore Resort & Lodge at Palmer Gulch
12620 SD-244, Hill City, SD 57745
Price per Night: $129 -$469
The Mt. Rushmore Resort & Lodge is located on a resort about five miles east/southeast of the famous Mt. Rushmore memorial, near Hill City. Guests at the resort can book an RV or tent site, but if you don’t feel like roughing it, a room in The Lodge may be more your speed.
The Lodge features an impressive two-story fireplace built with local Black Hills granite. Guests have access to the resort’s pool complex with hot tub, poolside seating, playgrounds, and more.
Need a bigger place to stay? The resort also offers entire cabins and lodges for guests to rent. One of the most expensive options, the Executive Lodge, is a three-bedroom two-bathroom space that sleeps eight. The lodge features vaulted ceilings, a hot tub, and a full kitchen.
The Hotel On Phillips
Price per Night: $160–$300
Hotel on Phillips is a boutique, historic hotel located in the heart of downtown Sioux Falls. Housed in a former early 20th-century bank building, it blends period charm—such as ornate architectural details and high ceilings—with modern amenities like luxury bedding and complimentary WiFi. The elegant in-hotel restaurant, The Treasury, serves cocktails and small plates/“bar bites.” The hotel is ideally positioned for walking access to the city’s arts district, restaurants, riverside parks, and cultural venues, offering visitors both ambiance and convenience.
Hilton Garden Inn Sioux Falls Downtown
201 E 8th St, Sioux Falls, SD 57103
Price per Night: $189 – $340
A final South Dakota hotel, the Hilton Garden Inn, is a perfect spot for discovering downtown Sioux Falls delights like riverside trails and the Sioux Falls Sculpture Walk.
Visit the hotel’s on-site restaurant, which serves breakfast, lunch, and dinner featuring seasonal and locally sourced ingredients. It even features a full-service sushi bar. For a snack or coffee break, there is also a coffee bar and Pavilion Pantry convenience mart located within the hotel.
Accommodations in the Hilton Garden Inn are comfortable and roomy and many feature beautiful views of the Big Sioux Falls River. (Next, read about The Top Dining Destination in Every State.)
The image featured at the top of this post is ©Natalia Bratslavsky / Shutterstock.com.