Cheap Apartments for Rent in Lake City, SD from $500 (35 Rentals)

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Natures Edge Partners LLC
Rent Specials
$705
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$701
Required Monthly Fees
$4

Total Monthly Price
$705
1 Bedroom Apartments Available Now

Natures Edge Partners LLC

105 Sunnyslope RdMorris, MN 56267
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  • Customer Reviewed
  • Utilities Included

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.

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.

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806 W 5th St
Studio to 1 Bedroom Apartments

806 W 5th St

806 W 5th StMorris, MN 56267
  • Utilities Included
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Goldenwood
1 to 2 Bedroom Apartments

Goldenwood

1145 Friberg AveFergus Falls, MN 56537
Senior Living
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Del Rose Apartments
1 to 2 Bedroom Apartments

Del Rose Apartments

504 3rd Ave NWahpeton, ND 58075
  • Utilities Included
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Aspen Green II
1 to 2 Bedroom Apartments

Aspen Green II

720 Melody LnFergus Falls, MN 56537
  • Utilities Included
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126 1st St SE
1 to 2 Bedroom Apartments

126 1st St SE

126 1st St SEOrtonville, MN 56278
  • Utilities Included
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Cardinal Estates
1 to 3 Bedroom Apartments

Cardinal Estates

300-302 South StMorris, MN 56267
  • Utilities Included
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630 S High St
Studio to 2 Bedroom Apartments

630 S High St

630 S High StAberdeen, SD 57401
  • Utilities Included

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Archer Flats
Studio to 2 Bedroom Apartments

Archer Flats

2308 14th Ave NEWatertown, SD 57201
  • Utilities Included

Lake City, SD Local Guide

Cheapest Available Lake City Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake City, SD is a 1 Bed unit found at Beardsley Apartments priced from $519. Prairie Park Fairmount Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $545. Here is today’s list of the most affordable Lake City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Beardsley ApartmentsOne Bedroom1BR,1BA$519
Prairie Park Fairmount Apartments2 Beds, 1 bath2BR,1BA$545
Heritage Square1 Bed, 1 bath1BR,1BA$575
Liberty Lights Apartments1 Bedroom1BR,1BA$639
Natures Edge Partners LLC1B1B MKT1BR,1BA$705
Spruce Place Apartments2 Bedroom | Laurel Place2BR,1BA$765
Center Street ApartmentsWahp 2 bed2BR,1BA$795
Cascade ApartmentsOne Bedroom1BR,1BA$898
1631 Olive DrTwo Bedroom2BR,1BA$925
Aberdeen Communities1 BED 1BATH1BR,1BA$925

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

As of September 20, 2025 the best value apartment in the Lake City area is the $1.11 price per square foot 1080 sf 2b/1b Model at Wilkeshire Apartments in the starting from $1,200. The second greatest value Lake City apartment is the K Model at Marketplace Apartments starting at $1,435 with a $1.39 price per square foot . Here is today’s list of the best values for Lake City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wilkeshire Apartments1080 sf 2b/1b2BR,1BA$1.11
Marketplace ApartmentsK2BR,2BA$1.39
Prairie Park Fairmount Apartments3 Beds, 1 bath3BR,1BA$0.67
Beardsley ApartmentsOne Bedroom1BR,1BA$0.58
Spruce Place Apartments2 Bedroom | Laurel Place2BR,1BA$0.85
Center Street ApartmentsWahp 2 bed2BR,1BA$0.99
1631 Olive DrTwo Bedroom2BR,1BA$1.16
Generations on 1st1BR/1.0BA1BR,1BA$1.40
Cascade ApartmentsOne Bedroom1BR,1BA$1.33
Liberty Lights Apartments1 Bedroom1BR,1BA$1.22

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

Explore Lake City, SD Rentals by Map

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Getting Around Lake City, SD

Walk Score®

2 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

28 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Lake City Apartments

How much is rent for a Cheap One Bedroom Lake City Apartment?

The lowest price for a Cheap One Bedroom Lake City Apartment is $519 at Beardsley Apartments.

What is the lowest price for a Cheap Two Bedroom Lake City Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake City is starting from $545 at Prairie Park Fairmount Apartments.

What is the most affordable Lake City Three Bedroom Apartment?

The best deal on a cheap Lake City Three Bedroom Apartment rental is at Prairie Park Fairmount Apartments and starts from $650.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.