Cheap Apartments for Rent in Alexandria, SD from $500 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in Alexandria.

property at 531 Korb St

$575

Total Monthly Price

Total Monthly Price

Base Rent
$575
Total Monthly Price
$575

1 Bedroom, 1 Bath Condo for Rent

Available Now

531 Korb St

ScotlandSD57059

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Copper Flats
1 to 3 Bedroom Apartments

Copper Flats

2415 S Capital StMitchell, SD 57301

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Greenridge Apartments
1 Bedroom Apartments

Greenridge Apartments

1500 N Kimball StMitchell, SD 57301
Senior Living
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Alexandria, SD Local Guide

Cheapest Available Alexandria Apartments for Rent and Nearby

 

The cheapest available apartment rental in Alexandria, SD is a 1 Bed unit found at Egan Avenue Residence priced from $645. Wheatridge Apartments & Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $865. Here is today’s list of the most affordable Alexandria apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Egan Avenue ResidenceBedroom C1BR,1BA$645
Wheatridge Apartments & TownhomesTallgrass1BR,1BA$865
Maple Pass Apartments & TownhomesRent Special - Studio AptsStudio,1BA$870
Flats on HavensHurstStudio,1BA$929
Edgerton PlaceEdgerton Place Phase I - 1 Bed 1 Bath1BR,1BA$945
Washington FlatsStudioStudio,1BA$1,050

Best Value Apartments for Rent in Alexandria, SD and Nearby

As of June 10, 2026 the best value apartment in the Alexandria area is the $1.53 price per square foot 3B/2B Townhome Model at Wheatridge Apartments & Townhomes in the starting from $1,975. The second greatest value Alexandria apartment is the 2 Bedroom Model at Lake Area Townhomes starting at $1,285 with a $1.03 price per square foot . Here is today’s list of the best values for Alexandria apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wheatridge Apartments & Townhomes3B/2B Townhome3BR,2BA$1.53
Lake Area Townhomes2 Bedroom2BR,2.5BA$1.03
301 E 5th St, Unit 107301 E 5th St2BR,1BA$1.10
411 Main St, Unit A411 Main St2BR,1BA$0.68
1101 W Elm Ave, Unit 11101 W Elm Ave2BR,1BA$0.95
Edgerton PlaceEdgerton Place Phase I - 1 Bed 1 Bath1BR,1BA$1.53
530 Korb St, Unit 101530 Korb St1BR,1BA$0.92
Maple Pass Apartments & TownhomesRent Special - Studio AptsStudio ,1BA$1.58
Flats on HavensNorway1BR,1BA$2.03
Washington FlatsStudioStudio ,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.

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Real 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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Alexandria Apartments

What is the Cheapest Studio apartment in Alexandria?

Currently the most affordable Cheap Studio Apartment in Alexandria is at Maple Pass Apartments & Townhomes listed at $870.

How much is rent for a Cheap One Bedroom Alexandria Apartment?

The lowest price for a Cheap One Bedroom Alexandria Apartment is $645 at Egan Avenue Residence.

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 $1,285 at Lake Area Townhomes.

What is the most affordable Alexandria Three Bedroom Apartment?

The best deal on a cheap Alexandria Three Bedroom Apartment rental is at Maple Pass Apartments & Townhomes and starts from $1,295.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.