Cheap Apartments for Rent in Lake Preston, SD from $300 (57 Rentals)

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

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Eastside Townhomes
2 to 3 Bedroom Apartments

Eastside Townhomes

732 4th St SELake Preston, SD 57249
  • Utilities Included

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.

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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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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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Copper Flats
1 to 3 Bedroom Apartments

Copper Flats

2415 S Capital StMitchell, SD 57301
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Woodland Park - Ivanhoe
1 to 2 Bedroom Apartments

Woodland Park - Ivanhoe

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

Cathedral Square II

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

Greenridge Apartments

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

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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Southland Court
Studio to 2 Bedroom Apartments

Southland Court

818 Southland LnBrookings, SD 57006
  • Utilities Included
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1009 Southland Ln
1 to 2 Bedroom Apartments

1009 Southland Ln

1009 Southland LnBrookings, SD 57006
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Golden Prairie
1 to 3 Bedroom Apartments

Golden Prairie

2403 S Capital StMitchell, SD 57301

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.

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Showing Results 1-50, Page 1 of 2

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 1 Bed unit found at West Oaks Estate priced from $399. Mary's Heights Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $455. Here is today’s list of the most affordable Lake Preston apartments for rent:

Apartment ListingModel NameBed/BathPriced From
West Oaks Estate1 bdr/ 1 bath1BR,1BA$399
Mary's Heights Apartments1 Bed, 1 bath1BR,1BA$455
Yukon at BensonStudioStudio,1BA$795
Maple Pass Apartments and Townhomes in Hartford, SDRent Special - Studio AptsStudio,1BA$825
University Hills VillageUnit Type K3 - Studio/1 BA - Non SmokingStudio,1BA$850
Wheatridge Apartments & TownhomesTallgrass1BR,1BA$865
Marion Crossing Apartments1 Bed 1 Bath Apartment1BR,1BA$870
Edgerton PlaceEdgerton Place Phase II - StudioStudio,1BA$910
ParagonThe VistaStudio,1BA$925
Latitude 44The CoveStudio,1BA$955

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

As of April 28, 2026 the best value apartment in the Lake Preston area is the $0.99 price per square foot 2 Bedroom PIIB Model at Lake Area Townhomes in the starting from $1,590. The second greatest value Lake Preston apartment is the 3x2 Model at 100 W 10th St starting at $1,595 with a $1.00 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.
Lake Area Townhomes2 Bedroom PIIB2BR,2BA$0.99
100 W 10th St3x23BR,2BA$1.00
1501 N Grove Pl3Bed,2.5Bath3BR,2.5BA$1.13
110 W 10th StModel B3BR,2BA$1.19
Mary's Heights Apartments3 Beds, 2 baths3BR,2BA$0.65
The Brixx Villas3 Bedrooms, 2 Bathrooms3BR,2BA$1.21
SunHill Lake Norden3 Beds, 1 bath3BR,1BA$1.18
West Oaks Estate1 bdr/ 1 bath1BR,1BA$0.43
Wheatridge Apartments & TownhomesTallgrass1BR,1BA$1.14
Marion Crossing Apartments1 Bed 1 Bath Apartment1BR,1BA$1.18

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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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See the most popular apartments and homes in Lake Preston, SD

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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 Yukon at Benson 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 $399 at West Oaks Estate.

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 $545 at Mary's Heights Apartments.

What is the most affordable Lake Preston Three Bedroom Apartment?

The best deal on a cheap Lake Preston Three Bedroom Apartment rental is at Mary's Heights Apartments and starts from $870.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.