407 N Covell Ave
Sioux FallsSD57104
Cheap Homes for Rent in Lake Preston, SD from $700 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Preston.
623 S Prairie Ave
Sioux FallsSD57104
512 S Duff St
MitchellSD57301
1301 John Deere Cir
MadisonSD57042
223 N Main St
MitchellSD57301
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.
625 S Prairie Ave
Sioux FallsSD57104
203 S Covell Ave
Sioux FallsSD57104
828 W 2nd Ave
MitchellSD57301
813 N Sanborn Blvd
MitchellSD57301
400 N Main St
MitchellSD57301
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.
1020 E 1st Ave
MitchellSD57301
309 W Washington Ave
HowardSD57349
941 W 8th St
Sioux FallsSD57104
1339 4th St SE
WatertownSD57201
701 C Ave
WatertownSD57201
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.
1412 12th Ave SE
WatertownSD57201
1219 1st Ave SE
WatertownSD57201
Showing Results 1-17, Page 1 of 1
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 | $1,265 | $850 | $2,200 |
| Lake Preston 3 Bedroom Homes for Rent | $2,214 | $1,000 | $10,000+ |
| Lake Preston 4 Bedroom Homes for Rent | $1,750 | $1,450 | $2,300 |
Browse Top Homes for Rent in Lake Preston
Explore Lake Preston
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| West Oaks Estates | 1 bdr/ 1 bath | 1BR,1BA | $399 |
| Mary's Heights Apartments | 1 Bed, 1 bath | 1BR,1BA | $455 |
| Copper Flats | 2 Bedroom 1 Bathroom | 2BR,2BA | $621 |
| Egan Avenue Residence | Bedroom A | 1BR,1BA | $690 |
| Yukon at Benson | Studio | Studio,1BA | $795 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| One & Two Willow Creek | 2BR/2.0BA | 2BR,2BA | $0.90 |
| 100 W 10th St | 3x2 | 3BR,2BA | $1.03 |
| Lake Area Townhomes | 3 Bedroom | 3BR,2.5BA | $1.02 |
| 1501 N Grove Pl | 3Bed,2.5Bath | 3BR,2.5BA | $1.13 |
| Mary's Heights Apartments | 3 Beds, 2 baths | 3BR,2BA | $0.65 |
| Marion Crossing Apartments | 2 Bed 2 Bath Apartment | 2BR,2BA | $1.07 |
| West Oaks Estates | 2 bd 2 bath Upper Level Unit | 2BR,2BA | $1.06 |
| Thelin Center | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.19 |
| Copper Flats | 2 Bedroom 1 Bathroom | 2BR,2BA | $0.78 |
| Wheatridge Apartments | Tallgrass | 1BR,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
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 ArticleCash 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 ArticleQuick Rent Budget Calculator
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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
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 65 Apartments for Rent in Lake Preston, SD with pricing that ranges from $399 to $2,910. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Preston ranging from $700 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 $700 to $10,000 with an average monthly rent of $1,436.
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 $870 to $2,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $10,000. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $1,700.
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
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.
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.
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.
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.