Cheap Apartments for Rent in Lead, SD from $400 (57 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Prairie Tree Apartments
$1,035 - $1,285
Total Monthly Price

Total Monthly Price

Base Rent
$1,035 - $1,285
Total Monthly Price
$1,035 - $1,285
1 to 2 Bedroom Apartments Available Aug 1

Prairie Tree Apartments

4010 Elm AveRapid City, SD 57701
Student Housing
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  • Customer Reviewed
  • 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.

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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.

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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.

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Canyon Lake Apartments
Studio to 3 Bedroom Apartments

Canyon Lake Apartments

3741 Canyon Lake DrRapid City, SD 57702
Corporate Housing
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318 National St
1 to 2 Bedroom Apartments

318 National St

318 National StRapid City, SD 57702
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440 N Creek Dr
2 Bedroom Apartments

440 N Creek Dr

440 N Creek DrRapid City, SD 57703
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KC Lofts
1 to 2 Bedroom Apartments

KC Lofts

18 E Kansas City StRapid City, SD 57701
Corporate Housing

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Lead, SD Local Guide

Cheapest Available Lead Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lead, SD is a Studio unit found at Robbinsdale Heights 1 priced from $475. Civic Plaza Apartments in the Downtown Rapid City neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $865. Here is today’s list of the most affordable Lead apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Robbinsdale Heights 1Studio - InteriorStudio,1BA$475
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$865
The Place at HaineswayOne Bed, One Bath1BR,1BA$875
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$900
Enchanted PinesStudioStudio,1BA$950
LaCrosse Estates Apartment HomesAPRIL SHOWERS BROUGHT MAY RENT FREE AND ROCK BO...2BR,1BA$950
Champion VillasStudio ApartmentStudio,1BA$990
Candlewood ApartmentsStudioStudio,1BA$990
Moonlight Apartment ComplexStudioStudio,1BA$995
The Place at Estes ParkTwo Bed Two Bath2BR,2BA$995

Best Value Apartments for Rent in Lead, SD and Nearby

As of June 18, 2026 the best value apartment in the Lead area is the $1.29 price per square foot 2/1.5 - 1,632 TH Model at Spearfish Estates in the starting from $2,100. The second greatest value Lead apartment is the 3 Beds, 2 baths Model at Stonegate Community starting at $1,495 with a $1.27 price per square foot . Here is today’s list of the best values for Lead apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Spearfish Estates2/1.5 - 1,632 TH2BR,1.5BA$1.29
Stonegate Community3 Beds, 2 baths3BR,2BA$1.27
Founders Park VillageBrennan $1,0852BR,2BA$1.34
Shepherd Hills CommonsFlat Style 2 Bed 1 Bath2BR,1BA$1.38
The Place at Estes ParkTwo Bed Two Bath2BR,2BA$1.03
Sheridan Lake ApartmentsThe Windsor2BR,1BA$1.17
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$1.22
Champion VillasStudio ApartmentStudio ,1BA$1.46
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$1.29
The Place at HaineswayOne Bed, One Bath1BR,1BA$1.35

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.

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Real 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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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.

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

Explore Lead, SD Rentals by Map

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Frequently Asked Questions about Cheap Lead Apartments

What is the Cheapest Studio apartment in Lead?

Currently the most affordable Cheap Studio Apartment in Lead is at Robbinsdale Heights 1 listed at $475.

How much is rent for a Cheap One Bedroom Lead Apartment?

The lowest price for a Cheap One Bedroom Lead Apartment is $875 at The Place at Hainesway.

What is the lowest price for a Cheap Two Bedroom Lead Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lead is starting from $865 at Civic Plaza Apartments.

What is the most affordable Lead Three Bedroom Apartment?

The best deal on a cheap Lead Three Bedroom Apartment rental is at Bridgewood Estates and starts from $1,245.

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 How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.