
Cheap Apartments for Rent near Alexandria, SD from $400 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Alexandria.


Total Monthly Price
530 Korb St, Unit 101

531 Korb St

Egan Avenue Residence

Total Monthly Price
821 Main St, Unit 1

200 W 4th Ave

915 W 4th Ave
Rent According to Income: A Look at Income-Restricted Rentals
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821 E 7th Ave

408 S Duff St

Autumn Grove Apartments

Lake Area Townhomes

Wheatridge Apartments & Townhomes

Flats on Havens

Maple Pass Apartments & Townhomes
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Copper Flats

Heritage High Apartments

716 W Ash Ave

Cathedral Square Apartments

Greenridge Apartments

1301 John Deere Cir

223 N Main St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

618 S Edmunds St
Alexandria, SD Local Guide

How much does it cost to rent an apartment in Alexandria?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alexandria Studio Apartments | $975 | $874 | $1,055 |
| Alexandria 1 Bedroom Apartments | $942 | $460 | $1,199 |
| Alexandria 2 Bedroom Apartments | $1,122 | $550 | $1,600 |
| Alexandria 3 Bedroom Apartments | $1,777 | $1,095 | $1,975 |
| Alexandria 4 Bedroom Apartments | $1,583 | $1,450 | $1,800 |
Browse Top Apartments in Alexandria
See all Apartments in AlexandriaExplore Alexandria
Alexandria, SD Local Guide
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Cheapest Available Alexandria Apartments for Rent and Nearby
 The cheapest available apartment rental in Alexandria, SD is a 1 Bed unit found at Ashbrook Trail Apartments priced from $460. Copper Flats has the second lowest priced unit, which is a 2 Beds apartment currently listed from $621. Here is today’s list of the most affordable Alexandria apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ashbrook Trail Apartments | 1 Bed, 1 bath | 1BR,1BA | $460 |
| Copper Flats | 2 Bedroom 1 Bathroom | 2BR,1BA | $621 |
| Egan Avenue Residence | Bedroom C | 1BR,1BA | $645 |
| Wheatridge Apartments & Townhomes | Tallgrass | 1BR,1BA | $865 |
| Flats on Havens | Palmer | Studio,1BA | $874 |
Best Value Apartments for Rent in Alexandria, SD and Nearby
As of July 25, 2026 the best value apartment in the Alexandria area is the $0.99 price per square foot 3 Bedroom Model at Lake Area Townhomes in the starting from $1,535. The second greatest value Alexandria apartment is the 3B/2B Townhome Model at Wheatridge Apartments & Townhomes starting at $1,975 with a $1.65 price per square foot . Here is today’s list of the best values for Alexandria apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lake Area Townhomes | 3 Bedroom | 3BR,2.5BA | $0.99 |
| Wheatridge Apartments & Townhomes | 3B/2B Townhome | 3BR,2BA | $1.65 |
| West Oaks Estate | 2 bd, 2 ba Lower Level Unit | 2BR,2BA | $1.06 |
| Edgerton Place | Edgerton Place Phase II - 2 Bed 2 Bath | 2BR,2BA | $1.23 |
| Copper Flats | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.78 |
| Parkview Apartments and Townhomes | 2 bedroom apartment | 2BR,1BA | $1.20 |
| Ashbrook Trail Apartments | 1 Bed, 1 bath | 1BR,1BA | $0.60 |
| Maple Pass Apartments & Townhomes | Rent Special - 1 Bedroom 1 Bath Apts | 1BR,1BA | $1.30 |
| 530 Korb St, Unit 101 | 530 Korb St | 1BR,1BA | $0.92 |
| Washington Flats | Studio | Studio ,1BA | $2.47 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Alexandria, SD Rentals by Map
See the most popular apartments and homes in Alexandria, SD
Frequently Asked Questions about Cheap Alexandria Apartments
How much is rent for a Cheap One Bedroom Alexandria Apartment?
The lowest price for a Cheap One Bedroom Alexandria Apartment is $460 at Ashbrook Trail Apartments.
What is the lowest price for a Cheap Two Bedroom Alexandria Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Alexandria is starting from $550 at Ashbrook Trail Apartments.
What is the most affordable Alexandria Three Bedroom Apartment?
The best deal on a cheap Alexandria Three Bedroom Apartment rental is at Parkview Apartments and Townhomes and starts from $1,095.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.