Cheap Apartments for Rent in Chancellor, SD from $500 (50 Rentals)

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

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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Forty One Flats
1 to 4 Bedroom Apartments

Forty One Flats

8701 W 41st StSioux Falls, SD 57106
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5401 W 56th St
2 Bedroom Apartments

5401 W 56th St

5401 W 56th StSioux Falls, SD 57106
  • Utilities Included
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85 Commons
1 to 3 Bedroom Apartments

85 Commons

7700 S Townsley AveSioux Falls, SD 57108
property at 2904 W 33rd St

$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

2904 W 33rd St

Sioux FallsSD57105
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29 Flats
1 to 3 Bedroom Apartments

29 Flats

5400 S Marion RdSioux Falls, SD 57106

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-50, Page 1 of 1

Chancellor, SD Local Guide

Cheapest Available Chancellor Apartments for Rent and Nearby

 

The cheapest available apartment rental in Chancellor, SD is a 1 Bed unit found at Forty One Flats priced from $510. Pebble Creek Apartments in the Southwest Sioux Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable Chancellor apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Forty One Flats1 Bedroom 1 Bathroom1BR,1BA$510
Pebble Creek Apartments1BR/1BA1BR,1BA$775
Mirada Manor ApartmentsOne Bedroom1BR,1BA$835
Roosevelt Estates of Sioux Falls1 Bedroom1BR,1BA$835
Meadow Ridge Apartments1 Bedroom1BR,1BA$850
Pheasant View Apartments2 BD UPPER UNIT LAYOUT2BR,1BA$875
Sunset Villas Apartments1 Bed 1 Bath Apartment1BR,1BA$895
Mesa Heights Apartments2BR/1.0BA2BR,1BA$900
Silos at Ellis CrossingApartment Style- 1 Bedroom 1 Bathroom1BR,1BA$900
LEXINGTON ESTATESOpen concept living with walk-out patio/balcony...1BR,1BA$960

Best Value Apartments for Rent in Chancellor, SD and Nearby

As of May 18, 2026 the best value apartment in the Chancellor area is the $1.14 price per square foot 2 Bedroom 2.5 Bathroom Townhome Model at 29 Flats in the in the Southwest Sioux Falls neighborhood starting from $1,485. The second greatest value Chancellor apartment is the 2bd2ba Model at Saddle Creek Townhomes - New Leasing Incentives ! starting at $1,195 with a $1.06 price per square foot in the Southwest Sioux Falls neighborhood. Here is today’s list of the best values for Chancellor apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
29 Flats2 Bedroom 2.5 Bathroom Townhome2BR,2.5BA$1.14
Saddle Creek Townhomes - New Leasing Incentives !2bd2ba2BR,2BA$1.06
Boulder Creek Apartments2bd/2ba Remodel2BR,2BA$1.18
Regency Place Apartments - New Leasing Incentives!2bd1ba 1000sf2BR,1BA$1.00
41st Street Commonsb22BR,2BA$1.18
Pheasant View Apartments2 BD UPPER UNIT LAYOUT2BR,1BA$0.91
Pebble Creek Apartments1BR/1BA1BR,1BA$0.91
Mesa Heights Apartments2BR/1.0BA2BR,1BA$1.08
Meadow Ridge Apartments1 Bedroom1BR,1BA$1.17
Forty One Flats1 Bedroom 1 Bathroom1BR,1BA$0.85

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 Chancellor Apartments

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

The lowest price for a Cheap One Bedroom Chancellor Apartment is $510 at Forty One Flats.

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

Today's best deal for a Cheap Two Bedroom Apartment in Chancellor is starting from $612 at Forty One Flats.

What is the most affordable Chancellor Three Bedroom Apartment?

The best deal on a cheap Chancellor Three Bedroom Apartment rental is at LEXINGTON ESTATES and starts from $1,325.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.