
Cheap Homes for Rent in Chancellor, SD from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Chancellor.


203 S Covell Ave

625 S Prairie Ave

713-715 W 16th 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.

234 Elmwood Ave

3008 S Phillips Ave

2904 W 33rd St

2310 S Euclid Ave
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.

1123 S Bridgeport Pl
Chancellor, SD Local Guide

How much does it cost to rent a home in Chancellor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chancellor 2 Bedroom Homes for Rent | $1,633 | $850 | $3,850 |
| Chancellor 3 Bedroom Homes for Rent | $1,692 | $1,200 | $2,200 |
| Chancellor 4 Bedroom Homes for Rent | $2,205 | $1,395 | $3,595 |
| Chancellor 5 Bedroom Homes for Rent | $2,846 | $2,000 | $3,995 |
Browse Top Homes for Rent in Chancellor
Explore Chancellor
Chancellor, SD Local Guide
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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. Pheasant View Apartments has the second lowest priced unit, which is a 3 Beds apartment currently listed from $675. Here is today’s list of the most affordable Chancellor apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Forty One Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $510 |
| Pheasant View Apartments | 3 BD 1 BA Layout | 3BR,1BA | $675 |
| Pebble Creek Apartments | 1BR/1BA | 1BR,1BA | $775 |
Best Value Apartments for Rent in Chancellor, SD and Nearby
As of April 13, 2026 the best value apartment in the Chancellor area is the $1.16 price per square foot 2 Bedroom 2.5 Bathroom Townhome Model at 29 Flats in the in the Southwest Sioux Falls neighborhood starting from $1,510. The second greatest value Chancellor apartment is the 3 Bedroom 2.5 Bathroom Model at 85 Commons starting at $1,630 with a $1.26 price per square foot . Here is today’s list of the best values for Chancellor apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 29 Flats | 2 Bedroom 2.5 Bathroom Townhome | 2BR,2.5BA | $1.16 |
| 85 Commons | 3 Bedroom 2.5 Bathroom | 3BR,2.5BA | $1.26 |
| Boulder Creek Apartments | 2bd/2ba Remodel | 2BR,2BA | $1.18 |
| Regency Place Apartments | 2bd1ba 1000sf | 2BR,1BA | $1.00 |
| Pheasant View Apartments | 2 BD UPPER UNIT LAYOUT | 2BR,1BA | $0.91 |
| Pebble Creek Apartments | 1BR/1BA | 1BR,1BA | $0.91 |
| Mesa Heights Apartments | 2BR/1.0BA | 2BR,1BA | $1.08 |
| Meadow Ridge Apartments | 1 Bedroom | 1BR,1BA | $1.17 |
| Platinum Valley Apartments | Plan A | 1BR,1BA | $1.30 |
| Forty One Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.85 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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 Chancellor, SD Rentals by Map
See the most popular apartments and homes in Chancellor, SD
Frequently Asked Questions about Chancellor
What type of rentals are currently available in Chancellor?
There are currently 38 Apartments for Rent in Chancellor, SD with pricing that ranges from $675 to $2,345. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chancellor ranging from $700 to $3,995.
What is the current price range for Rental Homes in Chancellor?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Chancellor ranges from $700 to $3,995 with an average monthly rent of $1,905.
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

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.

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.

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.

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.