Cheap Apartments for Rent in Lake Preston, SD from $300 (36 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Eastside Townhomes
2 to 3 Bedroom Apartments

Eastside Townhomes

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

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.

Read Article

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.

Read Article
close
View Me
Copper Flats
1 to 3 Bedroom Apartments

Copper Flats

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

Woodland Park - Ivanhoe

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

Cathedral Square II

500 N Langdon StMitchell, SD 57301
Senior Living
  • Utilities Included
close
View Me
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.

Read Article
close
View Me
Southland Court
Studio to 2 Bedroom Apartments

Southland Court

818 Southland LnBrookings, SD 57006
  • 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.

Read Article
Showing Results 1-36, Page 1 of 1

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 Estates 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 Estates1 bdr/ 1 bath1BR,1BA$399
Mary's Heights Apartments1 Bed, 1 bath1BR,1BA$455
Copper Flats2 Bedroom 1 Bathroom2BR,2BA$621
Egan Avenue ResidenceBedroom A1BR,1BA$690
Yukon at BensonStudioStudio,1BA$795
Wheatgrass Village I1 Bed 1 Bath1BR,1BA$840
Maple Pass Apartments and Townhomes in Hartford, SDRent Special - Studio AptsStudio,1BA$850
University Hills VillageUnit Type K3 - Studio/1 BA - Non SmokingStudio,1BA$850
Wheatridge ApartmentsTallgrass1BR,1BA$865
Trails HeadDriftwoodStudio,1BA$890

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

As of March 13, 2026 the best value apartment in the Lake Preston area is the $0.90 price per square foot 2BR/2.0BA Model at One & Two Willow Creek in the starting from $1,530. The second greatest value Lake Preston apartment is the 3x2 Model at 100 W 10th St starting at $1,650 with a $1.03 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.
One & Two Willow Creek2BR/2.0BA2BR,2BA$0.90
100 W 10th St3x23BR,2BA$1.03
Lake Area Townhomes3 Bedroom3BR,2.5BA$1.02
1501 N Grove Pl3Bed,2.5Bath3BR,2.5BA$1.13
Mary's Heights Apartments3 Beds, 2 baths3BR,2BA$0.65
Marion Crossing Apartments2 Bed 2 Bath Apartment2BR,2BA$1.07
West Oaks Estates2 bd 2 bath Upper Level Unit2BR,2BA$1.06
Thelin Center2 Bedroom 2 Bathroom2BR,2BA$1.19
Copper Flats2 Bedroom 1 Bathroom2BR,2BA$0.78
Wheatridge ApartmentsTallgrass1BR,1BA$1.14

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Lake Preston, SD Rentals by Map

Decorative image of map

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

View Map
Lake Preston, SD Apartments Map
View Map
Lake Preston, SD Rental Homes Map

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 Estates.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.