Cheap Homes for Rent in Elk Point, SD from $800 (12 Rentals)

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Search the lowest-cost Homes available for rent right now in Elk Point.

property at 109 S Locust St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Jun 1

109 S Locust St

MarcusIA51035

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 202 E 6th St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

3 Bedroom, 1 Bath Home for Rent

Available Jun 1

202 E 6th St

OsmondNE68765
property at 221 Lincoln St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

4 Bedroom, 2 Bath Home for Rent

Available Now

221 Lincoln St

WayneNE68787

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

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 ListingModel NameBed/BathPriced From
Saracen CourtsUnit 4041BR,1BA$690
Five Sons Apartments1 Bed1BR,1BA$900
Clifton Estates375.a1BR,1BA$915
Glen Oaks by BroadmoorDunes1BR,1BA$930
Wellington At The DunesOpen 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Gatewood Estates3 Bedrooms / 1 1/2 Bathrooms Townhome3BR,1BA$0.93
Dakota Prairie ApartmentsTwo Bedroom, Two Bath2BR,2BA$1.15
Ridge OaksEvergreen2BR,1.5BA$1.08
Floyd River Flats1 Bed 1 Bath Apartment1BR,1BA$1.25
Clifton Estates375.a1BR,1BA$1.17
PLUM VILLAUnit B2BR,1BA$1.25
Country Club Apartments1 Bed, 1 Bath1BR,1BA$1.27
McCook ApartmentsRent Special - 2 Bedroom 1 Bath2BR,1BA$1.33
The ArborsSapling1BR,1BA$1.35
Wellington At The DunesOpen 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 Article
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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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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 $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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.

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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.