Cheap Apartments for Rent in Carpenter, SD from $400 (44 Rentals)

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

property at 1045 E 3rd St

$400

Total Monthly Price

Total Monthly Price

Base Rent
$400
Total Monthly Price
$400

1 Bedroom, 1 Bath Home for Rent

Available Now

1045 E 3rd St

RedfieldSD57469

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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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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Copper Flats
1 to 3 Bedroom Apartments

Copper Flats

2415 S Capital StMitchell, SD 57301
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1631 Olive Dr
1 to 2 Bedroom Apartments

1631 Olive Dr

1631 Olive DrAberdeen, SD 57401
  • 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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Greenridge Apartments
1 Bedroom Apartments

Greenridge Apartments

1500 N Kimball StMitchell, SD 57301
Senior Living
  • Utilities Included
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630 S High St
Studio to 2 Bedroom Apartments

630 S High St

630 S High StAberdeen, SD 57401
  • Utilities Included
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Southland Court
Studio to 2 Bedroom Apartments

Southland Court

818 Southland LnBrookings, SD 57006
  • Utilities Included

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.

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1009 Southland Ln
1 to 2 Bedroom Apartments

1009 Southland Ln

1009 Southland LnBrookings, SD 57006
  • Utilities Included
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Golden Prairie
1 to 3 Bedroom Apartments

Golden Prairie

2403 S Capital StMitchell, SD 57301
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Parkside Place
1 Bedroom Apartments

Parkside Place

8 2nd St NEWatertown, SD 57201
  • Utilities Included
Showing Results 1-44, Page 1 of 1

Carpenter, SD Local Guide

Cheapest Available Carpenter Apartments for Rent and Nearby

 

The cheapest available apartment rental in Carpenter, SD is a 1 Bed unit found at Mary's Heights Apartments priced from $455. Egan Avenue Residence has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. Here is today’s list of the most affordable Carpenter apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mary's Heights Apartments1 Bed, 1 bath1BR,1BA$455
Egan Avenue ResidenceBedroom C1BR,1BA$645
Wheatridge Apartments & TownhomesTallgrass1BR,1BA$865
Lofts at Park HillStudio - AStudio,1BA$890
Edgerton PlaceEdgerton Place Phase II - StudioStudio,1BA$920
Archer FlatsEfficiencyStudio,1BA$925
Latitude 44The CoveStudio,1BA$955
Trails HeadDriftwoodStudio,1BA$960
Sweetgrass CrossingJuneStudio,1BA$990
Washington FlatsStudioStudio,1BA$1,050

Best Value Apartments for Rent in Carpenter, SD and Nearby

As of June 23, 2026 the best value apartment in the Carpenter area is the $0.89 price per square foot 3 Bedroom Townhome Model at Wheatgrass Village I in the starting from $1,465. The second greatest value Carpenter apartment is the Model B Model at 110 W 10th St starting at $1,595 with a $1.19 price per square foot . Here is today’s list of the best values for Carpenter apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wheatgrass Village I3 Bedroom Townhome3BR,2.5BA$0.89
110 W 10th StModel B3BR,2BA$1.19
Mary's Heights Apartments3 Beds, 2 baths3BR,2BA$0.60
Wheatridge Apartments & Townhomes3B/2B Townhome3BR,2BA$1.53
Lake Area Townhomes2 Bedroom2BR,2.5BA$1.03
SunHill Lake Norden3 Beds, 1 bath3BR,1BA$1.18
Wilkeshire ApartmentsAshford2BR,1BA$1.19
The Oaks2 Bedroom2BR,2BA$1.46
Forte of Brookings: 50+ Community!Sparrow2BR,1BA$1.73
Generations on 1st1BR/1.0BA1BR,1BA$1.46

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!

Explore Carpenter, SD Rentals by Map

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Frequently Asked Questions about Cheap Carpenter Apartments

What is the Cheapest Studio apartment in Carpenter?

Currently the most affordable Cheap Studio Apartment in Carpenter is at Lofts at Park Hill listed at $890.

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

The lowest price for a Cheap One Bedroom Carpenter Apartment is $455 at Mary's Heights Apartments.

What is the lowest price for a Cheap Two Bedroom Carpenter Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Carpenter is starting from $545 at Mary's Heights Apartments.

What is the most affordable Carpenter Three Bedroom Apartment?

The best deal on a cheap Carpenter 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

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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.

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.