
Cheap Homes for Rent near Elk Point, SD from $600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Elk Point.


3410 Orleans Ave, Unit Upper

807 Pleasant St

303 N Ash St

23874 Co Rd K22
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.

403 N Maple St

1011 Pleasant St

109 S Locust St

202 E 6th St

2223 Douglas 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 | $1,151 | $775 | $1,550 |
| Elk Point 3 Bedroom Homes for Rent | $1,796 | $950 | $3,595 |
| Elk Point 4 Bedroom Homes for Rent | $1,866 | $1,600 | $2,400 |
| Elk Point 5 Bedroom Homes for Rent | $5,000 | $5,000 | $5,000 |
| Elk Point 6 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
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 Studio unit found at Dakota Bend I & II priced from $750. 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 |
|---|---|---|---|
| Dakota Bend I & II | DB 1 - Studio | Studio,1BA | $750 |
| Five Sons Apartments | 1 Bed | 1BR,1BA | $900 |
| Glen Oaks by Broadmoor | Dunes | 1BR,1BA | $945 |
Best Value Apartments for Rent in Elk Point, SD and Nearby
As of July 14, 2026 the best value apartment in the Elk Point area is the $1.15 price per square foot Two Bedroom, Two Bath Model at Dakota Prairie Apartments in the starting from $1,250. The second greatest value Elk Point apartment is the Evergreen Model at Ridge Oaks starting at $1,100 with a $1.04 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. |
|---|---|---|---|
| Dakota Prairie Apartments | Two Bedroom, Two Bath | 2BR,2BA | $1.15 |
| Ridge Oaks | Evergreen | 2BR,1.5BA | $1.04 |
| Woodbury Heights | Two Bedroom | 2BR,1BA | $1.11 |
| Gatewood Estates | 2 Bedrooms / 1 1/2 Bathrooms Townhome | 2BR,1BA | $1.33 |
| East Edge Apartments | Floyd and Dakota | 2BR,1BA | $1.25 |
| Floyd River Flats | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.23 |
| PLUM VILLA | Unit B | 2BR,1BA | $1.25 |
| Country Club Apartments | 1 Bed, 1 Bath | 1BR,1BA | $1.27 |
| The Arbors | Sapling | 1BR,1BA | $1.29 |
| 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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 $2,831. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elk Point ranging from $675 to $5,000.
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 $675 to $5,000 with an average monthly rent of $2,274.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.

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.

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.