
Cheap Apartments for Rent in Lake County, SD from $600 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake County.


Egan Avenue Residence

Lake Area Townhomes

23752 461st Ave
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 3rd Ave

27354 461st Ave

Heritage High Apartments

Evergreen Townhomes
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.

Evergreen Estates
Lake County, SD Local Guide

How much does it cost to rent an apartment in Lake County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake County Studio Apartments | $1,050 | $1,050 | $1,050 |
| Lake County 1 Bedroom Apartments | $858 | $645 | $1,199 |
| Lake County 2 Bedroom Apartments | $1,219 | $935 | $1,590 |
| Lake County 3 Bedroom Apartments | $1,372 | $1,095 | $1,590 |
Browse Apartments in Lake County
See all Apartments in LakeExplore Lake County
Cheapest Available Lake County Apartments for Rent
 The cheapest available apartment rental in Lake County, SD is a 1 Bed unit found at Egan Avenue Residence priced from $645. Parkview Apartments and Townhomes has the second lowest priced unit, which is a 2 Beds apartment currently listed from $935. Here is today’s list of the most affordable Lake County apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Egan Avenue Residence | Bedroom C | 1BR,1BA | $645 |
| Parkview Apartments and Townhomes | 2 bedroom apartment | 2BR,1BA | $935 |
| Washington Flats | 2 Bedroom | 2BR,1BA | $1,350 |
Best Value Apartments for Rent in Lake County, SD
As of July 16, 2026 the best value apartment in the Lake County area is the $0.99 price per square foot 3 Bedroom Model at Lake Area Townhomes in the starting from $1,535. The second greatest value Lake County apartment is the 2 Bedroom Model at Washington Flats starting at $1,350 with a $1.63 price per square foot . Here is today’s list of the best values for Lake County apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lake Area Townhomes | 3 Bedroom | 3BR,2.5BA | $0.99 |
| Washington Flats | 2 Bedroom | 2BR,1BA | $1.63 |
| Parkview Apartments and Townhomes | 2 bedroom apartment | 2BR,1BA | $1.20 |
| Egan Avenue Residence | Bedroom C | 1BR,1BA | $3.84 |
Frequently Asked Questions about Cheap Lake County Apartments
What is the price of a cheap apartment in Lake County?
The cheapest apartment in Lake County is Egan Avenue Residence which is listed at $645, while the average apartment in Lake County costs $1,460.
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.