
Cheap Apartments for Rent near Amherst, SD from $455 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Amherst.


97 7th Ave S

902 1st St S

Mary's Heights Apartments

328 Dewey St

262 2nd St SW

9 1st Ave NE

Liberty Lights Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

511 Main Ave N

Total Monthly Price
Beardsley Apartments

Western Road Apartments

Oakes I & II Apartments

Gwinner I & II Apartments

Center Street Apartments

1106 10th St

The Oaks I & II
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.

Depot Apartments

Prairie Springs Apartments

Presentation Heights

Prairie Village Apartments

Forte Living of Aberdeen: 50+ Community!

Archer Flats

Dakota Estates

Wilkeshire Apartments
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.

Marketplace Apartments

The Lofts

Total Monthly Price
The Crossings Apartments

Generations on 1st

515 Enterprise St N

Aberdeen Communities

Prairie Park Fairmount Apartments

Heritage Square
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.

Del Rose Apartments

503 6th St N

1631 Olive Dr

1612 8th St N

1605 7th St N

1624 8th St N

105 1st Ave SW

630 S High St
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.

806 8th St N

802 8th St N

Parkside Place

317 3rd Ave SE
Amherst, SD Local Guide

How much does it cost to rent an apartment in Amherst?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Amherst Studio Apartments | $1,152 | $550 | $2,895 |
| Amherst 1 Bedroom Apartments | $1,348 | $455 | $10,000+ |
| Amherst 2 Bedroom Apartments | $1,276 | $545 | $6,300 |
| Amherst 3 Bedroom Apartments | $1,229 | $800 | $1,575 |
| Amherst 4 Bedroom Apartments | $1,266 | $910 | $1,810 |
Browse Top Apartments in Amherst
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Amherst, SD Local Guide
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Cheapest Available Amherst Apartments for Rent and Nearby
 The cheapest available apartment rental in Amherst, SD is a 1 Bed unit found at Mary's Heights Apartments priced from $455. Liberty Lights Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Amherst apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mary's Heights Apartments | 1 Bed, 1 bath | 1BR, 1BA | $455 |
| Liberty Lights Apartments | 2 Bedroom | 2BR, 1BA | $700 |
| Beardsley Apartments | Two Bedroom | 2BR, 1BA | $700 |
| Gwinner I & II Apartments | 1 br/ 1 bath | 1BR, 1BA | $700 |
| Center Street Apartments | Wahp 2 bed | 2BR, 1BA | $745 |
| Archer Flats | Efficiency | Studio, 1BA | $925 |
| Generations on 1st | 1BR/1.0BA | 1BR, 1BA | $1,055 |
| Aberdeen Communities | 1 BED 1BATH | 1BR, 1BA | $1,100 |
| Forte Living of Aberdeen: 50+ Community! | Goldfinch | 1BR, 1BA | $1,143 |
| Wilkeshire Apartments | Hawthorne | 2BR, 1BA | $1,175 |
Best Value Apartments for Rent in Amherst, SD and Nearby
As of September 19, 2026 the best value apartment in the Amherst area is the $0.60 price per square foot 3 Beds, 2 baths Model at Mary's Heights Apartments starting from $800. The second greatest value Amherst apartment is the Two Bedroom Model at Beardsley Apartments starting at $700 with a $0.58 price per square foot. Here is today’s list of the best values for Amherst apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mary's Heights Apartments | 3 Beds, 2 baths | 3BR, 2BA | $0.60 |
| Beardsley Apartments | Two Bedroom | 2BR, 1BA | $0.58 |
| Westdale Apartments | 2 Bedroom 2 Bathroom | 2BR, 2BA | $1.25 |
| Wilkeshire Apartments | Hawthorne | 2BR, 1BA | $1.27 |
| The Oaks I & II | Oaks I Two Bedroom | 2BR, 2BA | $1.46 |
| Center Street Apartments | Wahp 2 bed | 2BR, 1BA | $0.93 |
| Liberty Lights Apartments | 3 Bedroom | 3BR, 1BA | $1.06 |
| Forte Living of Aberdeen: 50+ Community! | Goldfinch | 1BR, 1BA | $1.53 |
| Generations on 1st | 1BR/1.0BA | 1BR, 1BA | $1.46 |
| Gwinner I & II Apartments | 1 br/ 1 bath | 1BR, 1BA | $1.10 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 Amherst, SD Rentals by Map
See the most popular apartments and homes in Amherst, SD
Frequently Asked Questions about Cheap Amherst Apartments
What is the Cheapest Studio apartment in Amherst?
Currently the most affordable Cheap Studio Apartment in Amherst is at Archer Flats listed at $925.
How much is rent for a Cheap One Bedroom Amherst Apartment?
The lowest price for a Cheap One Bedroom Amherst Apartment is $455 at Mary's Heights Apartments.
What is the lowest price for a Cheap Two Bedroom Amherst Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Amherst is starting from $545 at Mary's Heights Apartments.
What is the most affordable Amherst Three Bedroom Apartment?
The best deal on a cheap Amherst Three Bedroom Apartment rental is at Mary's Heights Apartments and starts from $800.
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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.