309 W Washington Ave
HowardSD57349
Cheap Homes for Rent in Lake Preston, SD from $600 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Preston.
407 N Covell Ave
Sioux FallsSD57104
400 N Main St
MitchellSD57301
304 N Main St
MitchellSD57301
1301 John Deere Cir
MadisonSD57042
9300 W 32nd St
Sioux FallsSD57106
813 N Sanborn Blvd
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.
815 McCabe St
MitchellSD57301
723 W 5th Ave
MitchellSD57301
1020 E 1st Ave
MitchellSD57301
356 S Hill St
SalemSD57058
128 NE 3rd St
ColmanSD57017
604 N Wisconsin St
MitchellSD57301
115 N Sanborn Blvd
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.
Showing Results 1-14, 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 | $1,115 | $950 | $1,500 |
| Lake Preston 3 Bedroom Homes for Rent | $2,112 | $1,000 | $10,000+ |
| Lake Preston 4 Bedroom Homes for Rent | $1,435 | $1,000 | $1,800 |
| Lake Preston 5 Bedroom Homes for Rent | $1,400 | $1,400 | $1,400 |
Browse Top Homes for Rent in Lake Preston
Explore Lake Preston
Lake Preston, SD Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Lake Preston Apartments for Rent and Nearby
The cheapest available apartment rental in Lake Preston, SD is a 2 Beds unit found at Copper Flats priced from $621. 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 | 2 Bedroom 2 Bathroom | 2BR,2BA | $621 |
| Wheatgrass Village I | Efficency with 1 bath | Studio,1BA | $695 |
| Marion Crossing Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $816 |
| University Hills Village | Studio - 559 sqft | Studio,1BA | $825 |
| Lake Area Townhomes | 1 Bedroom | 1BR,1BA | $845 |
Best Value Apartments for Rent in Lake Preston, SD and Nearby
As of December 11, 2025 the best value apartment in the Lake Preston area is the $1.16 price per square foot 3 Bed Model at Cloverfield Townhomes in the in the Downtown Brookings neighborhood starting from $2,095. The second greatest value Lake Preston apartment is the Model B Model at 110 W 10th St starting at $1,495 with a $1.11 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. |
|---|---|---|---|
| Cloverfield Townhomes | 3 Bed | 3BR,2.5BA | $1.16 |
| 110 W 10th St | Model B | 3BR,2BA | $1.11 |
| The Brixx Villas | 3 Bedrooms, 2 Bathrooms | 3BR,2BA | $1.10 |
| Lake Area Townhomes | 2 Bedroom | 2BR,2.5BA | $1.02 |
| Fifth Street Apartments & Townhouses | Upper Apartment | 3BR,2BA | $1.20 |
| 105 Carly Dr | 2 Bed | 2BR,1.5BA | $1.04 |
| Quail View - 55+ | 2 Bedroom | 2BR,1BA | $1.23 |
| Wheatridge Apartments | 2 Bed 2 Bath | 2BR,2BA | $1.10 |
| Copper Flats | 2 Bedroom 2 Bathroom | 2BR,2BA | $0.78 |
| Marion Crossing Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.11 |
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 ArticleQuick 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.
Let everyone know!
Do you know the Lake Preston area?
If you’re an expert on all things Lake Preston, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 55 Apartments for Rent in Lake Preston, SD with pricing that ranges from $399 to $2,792. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Preston ranging from $675 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 $675 to $10,000 with an average monthly rent of $1,271.
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
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.