
Cheap Homes for Rent in Elk Point, SD from $800 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Elk Point.


2417 S St Aubin St

1312 Westgate Dr

2223 Douglas St

109 S Locust St

708 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.

202 E 6th St

205 N Cherry St

107 N 10th St

2014 Wall St

707 W Main St

221 Lincoln St
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.
Elk Point, SD Local Guide

How much does it cost to rent a home in Elk Point?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elk Point 2 Bedroom Homes for Rent | $1,237 | $875 | $1,850 |
| Elk Point 3 Bedroom Homes for Rent | $1,698 | $975 | $3,595 |
| Elk Point 4 Bedroom Homes for Rent | $1,666 | $1,300 | $1,900 |
Browse Top Homes for Rent in Elk Point
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Elk Point, SD Local Guide
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Cheapest Available Elk Point Apartments for Rent and Nearby
 The cheapest available apartment rental in Elk Point, SD is a 1 Bed unit found at Saracen Courts priced from $690. Five Sons Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here is today’s list of the most affordable Elk Point apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Saracen Courts | Unit 404 | 1BR,1BA | $690 |
| Five Sons Apartments | 1 Bed | 1BR,1BA | $900 |
| Clifton Estates | 375.a | 1BR,1BA | $915 |
| Glen Oaks by Broadmoor | Dunes | 1BR,1BA | $930 |
| Wellington At The Dunes | Open living space + spacious master with vaulte... | 1BR,1BA | $950 |
Best Value Apartments for Rent in Elk Point, SD and Nearby
As of May 29, 2026 the best value apartment in the Elk Point area is the $0.93 price per square foot 3 Bedrooms / 1 1/2 Bathrooms Townhome Model at Gatewood Estates in the starting from $1,254. The second greatest value Elk Point apartment is the Two Bedroom, Two Bath Model at Dakota Prairie Apartments starting at $1,250 with a $1.15 price per square foot . Here is today’s list of the best values for Elk Point apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Gatewood Estates | 3 Bedrooms / 1 1/2 Bathrooms Townhome | 3BR,1BA | $0.93 |
| Dakota Prairie Apartments | Two Bedroom, Two Bath | 2BR,2BA | $1.15 |
| Ridge Oaks | Evergreen | 2BR,1.5BA | $1.08 |
| Floyd River Flats | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.25 |
| Clifton Estates | 375.a | 1BR,1BA | $1.17 |
| PLUM VILLA | Unit B | 2BR,1BA | $1.25 |
| Country Club Apartments | 1 Bed, 1 Bath | 1BR,1BA | $1.27 |
| McCook Apartments | Rent Special - 2 Bedroom 1 Bath | 2BR,1BA | $1.33 |
| The Arbors | Sapling | 1BR,1BA | $1.35 |
| Wellington At The Dunes | Open living space + spacious master with vaulte... | 1BR,1BA | $1.31 |
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 ArticleReal 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.
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.
Best Local Schools in Elk Point, SD
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Frequently Asked Questions about Elk Point
What type of rentals are currently available in Elk Point?
There are currently 44 Apartments for Rent in Elk Point, SD with pricing that ranges from $690 to $3,704. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elk Point ranging from $850 to $3,595.
What is the current price range for Rental Homes in Elk Point?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elk Point ranges from $850 to $3,595 with an average monthly rent of $1,362.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.

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.

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.