Cheap Homes for Rent in Lake County, SD from $800 (3 Rentals)

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Search the lowest-cost Homes available for rent right now in Lake County.

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 837 NE 1st St

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

3 Bedroom, 2 Bath Townhome for Rent

Available Aug 1

837 NE 1st St

MadisonSD57042

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.

Best Value Apartments for Rent in Lake County, SD

As of July 06, 2026 the best value apartment in the Lake County area is the $0.50 price per square foot 204 3rd St Model at 204 3rd St, Unit Lower Level in the starting from $995. The second greatest value Lake County apartment is the 2 Bedroom Model at Lake Area Townhomes starting at $1,285 with a $1.03 price per square foot . Here is today’s list of the best values for Lake County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
204 3rd St, Unit Lower Level204 3rd StStudio ,1BA$0.50
Lake Area Townhomes2 Bedroom2BR,2.5BA$1.03
Parkview Apartments and Townhomes2 bedroom apartment2BR,1BA$1.20
Washington FlatsStudioStudio ,1BA$2.47
Egan Avenue ResidenceBedroom C1BR,1BA$3.84

Frequently Asked Questions about Lake County

What type of rentals are currently available in Lake County?

There are currently 17 Apartments for Rent in Lake County, SD with pricing that ranges from $645 to $1,590. There are also 3 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake County ranging from $800 to $2,000.

What is the current price range for Rental Homes in Lake County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake County ranges from $800 to $2,000 with an average monthly rent of $1,400.

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

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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.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.