Cheap Apartments for Rent in Lake City, SD from $500 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lake City.

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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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320 1st St
1 to 2 Bedroom Apartments

320 1st St

320 1st StClinton, MN 56225
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Goldenwood
1 Bedroom Apartments

Goldenwood

1145 Friberg AveFergus Falls, MN 56537
Senior Living
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Del Rose Apartments
2 Bedroom Apartments

Del Rose Apartments

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

Aspen Green II

720 Melody LnFergus Falls, MN 56537
  • Utilities Included
property at 130 2nd Ave

130 2nd Ave

DavenportND58021
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Home Rite Apartments
1 Bedroom Apartments

Home Rite Apartments

126 1st St SEOrtonville, MN 56278
  • Utilities Included
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Archer Flats
Studio to 1 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 Natures Edge Partners LLC priced from $25. Beardsley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $519. Here is today’s list of the most affordable Lake City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Natures Edge Partners LLC1B1B Subsidy1BR,1BA$25
Beardsley ApartmentsOne Bedroom1BR,1BA$519
Prairie Park Fairmount Apartments2 Beds, 1 bath2BR,1BA$545
Heritage Square1 Bed, 1 bath1BR,1BA$575
Liberty Lights Apartments3 Bedroom3BR,1BA$795
Center Street ApartmentsWahp 2 bed2BR,1BA$795
630 S High StHigh Street #52BR,1BA$850
Cascade ApartmentsH/C One Bedroom1BR,1BA$865
Oakes I & II Apartments3BR/1BA3BR,1BA$900
Dakota EstatesDEIII ChestnutStudio,1BA$906

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

As of June 28, 2025 the best value apartment in the Lake City area is the $0.83 price per square foot 3BR/1BA Model at Oakes I & II Apartments in the starting from $900. The second greatest value Lake City apartment is the 3 Beds, 1 bath Model at Prairie Park Fairmount Apartments starting at $650 with a $0.67 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.
Oakes I & II Apartments3BR/1BA3BR,1.5BA$0.83
Prairie Park Fairmount Apartments3 Beds, 1 bath3BR,1BA$0.67
Beardsley ApartmentsOne Bedroom1BR,1BA$0.58
Cardinal Estates2 Bedroom 1 Bathroom2BR,1BA$1.06
Center Street ApartmentsWahp 2 bed2BR,1BA$0.99
1631 Olive DrTwo Bedroom2BR,1BA$1.22
Liberty Lights Apartments3 Bedroom3BR,1BA$0.99
Aberdeen Communities2 BED 1 BATH2BR,1BA$1.50
Sunset Ridge Apartments2467 - 1 Bed 1 Bath1BR,1BA$1.42
Cascade ApartmentsH/C One Bedroom1BR,1BA$1.28

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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 $25 at Natures Edge Partners LLC.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.