309 W Washington Ave
HowardSD57349
Cheap Homes for Rent near Lake Preston, SD from $695 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Preston.
105 1st Ave SW
WatertownSD57201
223 N Main St
MitchellSD57301
300 Medary Ave S
BrookingsSD57006
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
232 Fremont St S
Lake BentonMN56149
317 3rd Ave SE
WatertownSD57201
1019 W 4th Ave
MitchellSD57301
420 4th St NE
WatertownSD57201
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
46018 238th St
WentworthSD57075
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Lake Preston, SD Local Guide
South Dakota Sunrise by USDA NRCS South Dakota is licensed under CC BY 2.0
How much does it cost to rent a home in Lake Preston?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Preston 2 Bedroom Homes for Rent | $1,125 | $950 | $1,250 |
| Lake Preston 3 Bedroom Homes for Rent | $1,987 | $945 | $10,000+ |
| Lake Preston 4 Bedroom Homes for Rent | $1,625 | $1,500 | $1,750 |
| Lake Preston 5 Bedroom Homes for Rent | $2,845 | $2,845 | $2,845 |
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Lake Preston, SD Local Guide
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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 Mary's Heights Apartments priced from $455. Ashbrook Trail Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $460. Here is today’s list of the most affordable Lake Preston apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mary's Heights Apartments | 1 Bed, 1 bath | 1BR,1BA | $455 |
| Ashbrook Trail Apartments | 1 Bed, 1 bath | 1BR,1BA | $460 |
| Copper Flats | 2 Bedroom 1 Bathroom | 2BR,1BA | $621 |
Best Value Apartments for Rent in Lake Preston, SD and Nearby
As of September 10, 2026 the best value apartment in the Lake Preston area is the $0.89 price per square foot 3 Bedroom Townhome Model at Wheatgrass Village I in the starting from $1,465. The second greatest value Lake Preston apartment is the 3 Beds, 2 baths Model at Mary's Heights Apartments starting at $800 with a $0.60 price per square foot . Here is today’s list of the best values for Lake Preston apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wheatgrass Village I | 3 Bedroom Townhome | 3BR,2.5BA | $0.89 |
| Mary's Heights Apartments | 3 Beds, 2 baths | 3BR,2BA | $0.60 |
| Lake Area Townhomes | 1 Bedroom | 1BR,1BA | $0.72 |
| Marion Crossing Apartments | 2 Bed 1 Bath Apartment | 2BR,1BA | $1.02 |
| 100 W 10th St | 2x1.5 | 2BR,1.5BA | $1.09 |
| Copper Flats | 3 Bedroom 2 Bathroom | 3BR,2BA | $0.96 |
| Campus View | 2 Bed + 2 Bath | 2BR,2BA | $1.20 |
| Thelin Center | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.22 |
| Parkview Apartments and Townhomes | 2 bedroom apartment | 2BR,1BA | $1.21 |
| Ashbrook Trail Apartments | 1 Bed, 1 bath | 1BR,1BA | $0.60 |
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
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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See the most popular apartments and homes in Lake Preston, SD
Frequently Asked Questions about Lake Preston
What type of rentals are currently available in Lake Preston?
There are currently 73 Apartments for Rent in Lake Preston, SD with pricing that ranges from $455 to $2,100. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Preston ranging from $695 to $10,000.
What is the current price range for Rental Homes in Lake Preston?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Preston ranges from $695 to $10,000 with an average monthly rent of $1,737.
How much are larger Three and Four Bedroom Rentals in Lake Preston?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Preston range from $800 to $1,975, while Three Bedroom Homes, Condos, and Townhomes for rent range from $945 to $10,000. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,500.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.