Cheap Homes for Rent in Brookings, SD from $500 (10 Rentals)

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Search the lowest-cost Homes available for rent right now in Brookings.

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.

property at 703 N 5th St

$950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Townhome for Rent

Available Now

703 N 5th St

MarshallMN56258

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.

Brookings, SD Local Guide

Cheapest Neighborhoods for Apartments in Brookings, SD

Pricing Updated: 02/03/2026

Current apartment rentals in the Brookings, SD area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Brookings Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Brookings$1,670$81562

Cheapest Available Brookings Apartments for Rent and Nearby

 

The cheapest available apartment rental in Brookings, SD is a Studio unit found at Historic 1921 Buiding in the Downtown Brookings neighborhood priced from $880. Forte of Brookings: 50+ Community! in the Downtown Brookings neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here is today’s list of the most affordable Brookings apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Historic 1921 BuidingStudioStudio,1BA$880
Forte of Brookings: 50+ Community!StarlingStudio,1BA$895
ParagonThe VistaStudio,1BA$925

Best Value Apartments for Rent in Brookings, SD and Nearby

As of February 03, 2026 the best value apartment in the Brookings area is the $1.25 price per square foot 3 Bedroom Model at Brookings Prairie View Townhomes in the in the Downtown Brookings neighborhood starting from $1,600. The second greatest value Brookings apartment is the 210 10th St W Model at 210 10th St W, Unit 210 starting at $1,320 with a $1.20 price per square foot in the Downtown Brookings neighborhood. Here is today’s list of the best values for Brookings apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brookings Prairie View Townhomes3 Bedroom3BR,2.5BA$1.25
210 10th St W, Unit 210210 10th St W2BR,2BA$1.20
305 W 8th St S, Unit 32305 W 8th St S3BR,1BA$1.13
Forte of Brookings: 50+ Community!Sparrow2BR,1BA$1.73
Sweetgrass CrossingCanary2BR,1BA$1.59
Innovation VillageVoyager B21BR,1BA$1.43
Trails HeadOne Bedroom Townhome1BR,1BA$1.79
Wilmot Estates Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$1.78
Historic 1921 BuidingStudioStudio ,1BA$1.44
Reserve Flats1 Bed 1 Bath1BR,1BA$2.03

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

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Frequently Asked Questions about Brookings

What type of rentals are currently available in Brookings?

There are currently 60 Apartments for Rent in Brookings, SD with pricing that ranges from $815 to $2,672. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Brookings ranging from $599 to $2,500.

What is the current price range for Rental Homes in Brookings?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Brookings ranges from $599 to $2,500 with an average monthly rent of $1,329.

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

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.