304 N Main St
MitchellSD57301
Cheap Homes for Rent in Lake Preston, SD from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Preston.
1505 Neil Ave
Dell RapidsSD57022
1301 John Deere Cir
MadisonSD57042
179 8th St NE
WatertownSD57201
3612 N 6th Ave
Sioux FallsSD57104
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.
527 S Hawthorne Ave
Sioux FallsSD57104
309 W Washington Ave
HowardSD57349
232 Fremont St S
Lake BentonMN56149
908 E 3rd Ave
MitchellSD57301
115 N Sanborn Blvd
MitchellSD57301
216 E 11th Ave
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.
131 13th St SW
WatertownSD57201
Showing Results 1-12, 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 | $1,331 | $799 | $1,850 |
| Lake Preston 3 Bedroom Homes for Rent | $2,366 | $1,000 | $10,000+ |
| Lake Preston 4 Bedroom Homes for Rent | $1,781 | $1,295 | $2,795 |
| Lake Preston 5 Bedroom Homes for Rent | $2,700 | $2,700 | $2,700 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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 Copper Flats priced from $480. Wheatgrass Village I has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here is today’s list of the most affordable Lake Preston apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Copper Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $480 |
| Wheatgrass Village I | Efficency with 1 bath | Studio,1BA | $695 |
| Southland Court | Studio - B | Studio,1BA | $750 |
| Lake Area Townhomes | 1 Bedroom | 1BR,1BA | $820 |
| University Hills Village | Studio - 559 sqft | Studio,1BA | $825 |
Best Value Apartments for Rent in Lake Preston, SD and Nearby
As of September 07, 2025 the best value apartment in the Lake Preston area is the $0.92 price per square foot 3x2 Model at 100 W 10th St in the starting from $1,650. The second greatest value Lake Preston apartment is the 3 Bed Model at Cloverfield Townhomes starting at $2,095 with a $1.16 price per square foot in the Downtown Brookings neighborhood. 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. |
|---|---|---|---|
| 100 W 10th St | 3x2 | 3BR,2BA | $0.92 |
| Cloverfield Townhomes | 3 Bed | 3BR,2.5BA | $1.16 |
| Lake Area Townhomes | 3 Bedroom | 3BR,2.5BA | $0.97 |
| Maple Pass Apartments & Townhomes | 3 Bed 2 Bath Townhome | 3BR,2BA | $1.14 |
| 105 Carly Dr | 2 Bed | 2BR,1.5BA | $1.04 |
| Flats on Havens | Anderson | 2BR,2BA | $1.19 |
| Wilkeshire Apartments | 1080 sf 2b/1b | 2BR,1BA | $1.11 |
| Copper Flats | 3 Bedroom 2 Bathroom | 3BR,2BA | $0.96 |
| Thelin Center | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.16 |
| Marion Crossing Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.20 |
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Frequently Asked Questions about Lake Preston
What type of rentals are currently available in Lake Preston?
There are currently 54 Apartments for Rent in Lake Preston, SD with pricing that ranges from $399 to $2,500. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Preston ranging from $725 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 $725 to $10,000 with an average monthly rent of $1,663.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.