Prostate cancer (PCa) is one of the most diagnosed cancers in American men and is a leading cause of cancer deaths in advanced forms of disease. Seventy to ninety percent of men who die of PCa will have developed bone metastases during the course of the disease, and these bone metastases cause severe pain that can lead to further skeletal complications. The standard treatment for PCa generally includes androgen deprivation therapy, radiation, and chemotherapy, either singly or in combination, depending on disease progression. These treatments are able to slow disease progression slightly, but an urgent need remains for a more curative approach. In addition to the adverse effects resulting from these treatments, androgen deprivation therapy can often lead to a castration-resistant form of the disease, which is even more difficult to treat and often becomes metastatic. In the past several years, new drugs that target androgens, the bone microenvironment, and other mechanisms involved in PCa have shown promise in clinical trials for advanced PCa; these include abiraterone, enzalutamide, sipuleucel-T, radium-223, denosumab, and cabazitaxel, and will be described in further detail in this review. The continuous improvement upon current therapies and development of new drugs is promising for the future of advanced PCa, and the authors will give their perspective on these different treatment approaches.