
Cheap Homes for Rent near Amherst, SD from $400 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Amherst.


902 1st St S

97 7th Ave S

500 1st Ave S

328 Dewey St
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.

262 2nd St SW

9 1st Ave NE

200 7th Ave

511 Main Ave N

1612 8th St N
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.

1624 8th St N
Amherst, SD Local Guide

How much does it cost to rent a home in Amherst?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Amherst 2 Bedroom Homes for Rent | $824 | $400 | $1,500 |
| Amherst 3 Bedroom Homes for Rent | $5,787 | $1,575 | $10,000+ |
| Amherst 5 Bedroom Homes for Rent | $2,400 | $2,300 | $2,500 |
| Amherst 6 Bedroom Homes for Rent | $7,500 | $7,500 | $7,500 |
Browse Top Homes for Rent in Amherst
Explore Amherst
Amherst, SD Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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 Studio apartment currently listed from $625. 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 | Studio | Studio,1BA | $625 |
| Western Road Apartments | 2 Bedroom 1 Bath - 72141 | 2BR,1BA | $695 |
| Gwinner I & II Apartments | 1 br/ 1 bath | 1BR,1BA | $700 |
| Center Street Apartments | Wahp 2 bed | 2BR,1BA | $795 |
Best Value Apartments for Rent in Amherst, SD and Nearby
As of July 15, 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 in the starting from $800. The second greatest value Amherst apartment is the 3 Bedroom 2 Bathroom Model at Westdale Apartments starting at $1,365 with a $1.05 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 |
| Westdale Apartments | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.05 |
| Forte Living of Aberdeen: 50+ Community! | Wren | 2BR,2BA | $1.46 |
| Wilkeshire Apartments | Kent | 1BR,1BA | $1.12 |
| Center Street Apartments | Wahp 2 bed | 2BR,1BA | $0.99 |
| Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1.46 |
| Western Road Apartments | 2 Bedroom 1 Bath - 72141 | 2BR,1BA | $0.99 |
| The Lofts | A | 1BR,1BA | $1.49 |
| Gwinner I & II Apartments | 1 br/ 1 bath | 1BR,1BA | $1.10 |
| Liberty Lights Apartments | Studio | Studio ,1BA | $1.50 |
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 Amherst, SD Rentals by Map
See the most popular apartments and homes in Amherst, SD
Frequently Asked Questions about Amherst
What type of rentals are currently available in Amherst?
There are currently 42 Apartments for Rent in Amherst, SD with pricing that ranges from $455 to $14,557. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Amherst ranging from $400 to $10,000.
What is the current price range for Rental Homes in Amherst?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Amherst ranges from $400 to $10,000 with an average monthly rent of $3,257.
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

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.

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.