Cheap Apartments for Rent in Lake Preston, SD from $300 (12 Rentals)

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

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Woodland Park - Ivanhoe
1 to 2 Bedroom Apartments

Woodland Park - Ivanhoe

106 N County Road 5Ivanhoe, MN 56142
Senior Living
  • Utilities Included
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Cathedral Square II
1 Bedroom Apartments

Cathedral Square II

500 N Langdon StMitchell, SD 57301
Senior Living
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Greenridge Apartments
1 Bedroom Apartments

Greenridge Apartments

1500 N Kimball StMitchell, SD 57301
Senior Living
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Lake Preston, SD Local Guide

Cheapest Available Lake Preston Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Preston, SD is a 2 Beds unit found at Copper Flats priced from $621. Southland Court in the Downtown Brookings neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here is today’s list of the most affordable Lake Preston apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Copper Flats2 Bedroom 2 Bathroom2BR,2BA$621
Southland CourtEfficiency - BStudio,1BA$795
Maple Pass Apartments & Townhomes1 Bed 1 Bath Apartment1BR,1BA$835
Marion Crossing Apartments1 Bed 1 Bath Apartment1BR,1BA$845
West Oaks EstatesEfficiency UnitStudio,1BA$849

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

As of May 30, 2025 the best value apartment in the Lake Preston area is the $1.03 price per square foot TH 4P/B - 1,640 Model at Wheatgrass Village I in the starting from $1,695. The second greatest value Lake Preston apartment is the 1629 - 3A Model at The Plains Apartments starting at $1,870 with a $1.37 price per square foot . Here is today’s list of the best values for Lake Preston apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wheatgrass Village ITH 4P/B - 1,6404BR,2.5BA$1.03
The Plains Apartments1629 - 3A3BR,2BA$1.37
One & Two Willow Creek2BR/2.0BA2BR,2BA$1.12
Fifth Street Apartments & TownhousesUpper Apartment3BR,2BA$1.20
Copper Flats3 Bedroom 2 Bathroom3BR,2BA$0.96
Marketplace ApartmentsK2BR,2BA$1.35
The Brixx Villas1 Bedroom, 1 Bathroom1BR,1BA$1.40
Thelin Center1 Bedroom 1 Bathroom1BR,1BA$1.24
Marion Crossing Apartments1 Bed 1 Bath Apartment1BR,1BA$1.13
Maple Pass Apartments & Townhomes1 Bed 1 Bath Apartment1BR,1BA$1.21

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

Explore Lake Preston, SD Rentals by Map

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Getting Around Lake Preston, SD

Walk Score®

22 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

35 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Lake Preston Apartments

What is the Cheapest Studio apartment in Lake Preston?

Currently the most affordable Cheap Studio Apartment in Lake Preston is at Southland Court listed at $795.

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

The lowest price for a Cheap One Bedroom Lake Preston Apartment is $835 at Maple Pass Apartments & Townhomes.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lake Preston is starting from $621 at Copper Flats.

What is the most affordable Lake Preston Three Bedroom Apartment?

The best deal on a cheap Lake Preston Three Bedroom Apartment rental is at Copper Flats and starts from $1,025.

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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.