Cheap Homes for Rent in Clear Lake, SD from $700 (10 Rentals)

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

property at 316 S 3rd St

$730

Total Monthly Price

Total Monthly Price

Base Rent
$730

Total Monthly Price
$730

1 Bedroom, 1 Bath Townhome for Rent

Available Now

316 S 3rd St

MilanMN56262
property at 308 S 3rd St

$730

Total Monthly Price

Total Monthly Price

Base Rent
$730

Total Monthly Price
$730

1 Bedroom, 1 Bath Townhome for Rent

Available Now

308 S 3rd St

MilanMN56262
property at 318 S 3rd St

$730

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$730

Total Monthly Price
$730

1 Bedroom, 1 Bath Townhome for Rent

Available Now

318 S 3rd St

MilanMN56262
property at 241 E Ronning Ave

$875

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

4 Bedroom, 2 Bath Home for Rent

Available Jul 15

241 E Ronning Ave

AppletonMN56208

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.

property at 625 14th Ave

$900 - $1,200

Total Monthly Price

Total Monthly Price

Base Rent
$900 - $1,200

Total Monthly Price
$900 - $1,200

2 To 3 Bedroom Homes for Rent

Available Jun 1

625 14th Ave

BrookingsSD57006
property at 116 S Sherwood St

$950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

3 Bedroom, 1 Bath Home for Rent

Available Now

116 S Sherwood St

IvanhoeMN56142
property at 1008 Hackberry Dr

$1,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available May 15

1008 Hackberry Dr

MarshallMN56258
property at 514 4th Ave N

$1,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

3 Bedroom, 1 Bath Townhome for Rent

Available May 1

514 4th Ave N

EdgertonMN56128

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.

Clear Lake, SD Local Guide

Cheapest Available Clear Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Clear Lake, SD is a 1 Bed unit found at Mary's Heights Apartments priced from $455. Beardsley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $502. Here is today’s list of the most affordable Clear Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mary's Heights Apartments1 Bed, 1 bath1BR,1BA$455
Beardsley ApartmentsOne Bedroom1BR,1BA$502
RC Square Apartments2 Bedroom2BR,1BA$625

Best Value Apartments for Rent in Clear Lake, SD and Nearby

As of April 12, 2026 the best value apartment in the Clear Lake area is the $0.98 price per square foot 2 Bedroom PIIB Model at Lake Area Townhomes in the starting from $1,580. The second greatest value Clear Lake apartment is the 3x2 Model at 100 W 10th St starting at $1,650 with a $1.03 price per square foot . Here is today’s list of the best values for Clear Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lake Area Townhomes2 Bedroom PIIB2BR,2BA$0.98
100 W 10th St3x23BR,2BA$1.03
1501 N Grove Pl3Bed,2.5Bath3BR,2.5BA$1.13
Mary's Heights Apartments3 Beds, 2 baths3BR,2BA$0.65
Innovation VillageEnterprise E2BR,2BA$1.26
East Point Village Apartments2 Bedroom 1 Bathroom2BR,1BA$1.26
Beardsley ApartmentsOne Bedroom1BR,1BA$0.56
RC Square Apartments2 Bedroom2BR,1BA$0.70
Wilkeshire ApartmentsFairview2BR,1BA$1.15
Cardinal Estates1 Bedroom 1 Bathroom1BR,1BA$1.05

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.

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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 Article
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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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Quick 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.

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

Explore Clear Lake, SD Rentals by Map

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Frequently Asked Questions about Clear Lake

What type of rentals are currently available in Clear Lake?

There are currently 71 Apartments for Rent in Clear Lake, SD with pricing that ranges from $455 to $2,910. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Clear Lake ranging from $730 to $10,000.

What is the current price range for Rental Homes in Clear Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Clear Lake ranges from $730 to $10,000 with an average monthly rent of $1,687.

How much are larger Three and Four Bedroom Rentals in Clear Lake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Clear Lake range from $870 to $2,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $10,000. Four Bedroom Single-Family rentals are also available starting from $875 and Four Bedroom Apartments start at $1,350.

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 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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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

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.