Cheap Apartments for Rent in Lead, SD from $497 (60 Rentals)

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

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.

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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.

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Prairie Tree
$1,110 - $1,345

Total Monthly Price

Base Rent$1,110 - $1,345
Total Monthly Price$1,110 - $1,345
1 to 2 Bedroom Apartments Available Nov 7

Prairie Tree

4010 Elm AveRapid City, SD 57701
Affordability
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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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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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440 N Creek Dr
2 Bedroom Apartments

440 N Creek Dr

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

KC Lofts

18 E Kansas City StRapid City, SD 57701
Corporate Housing

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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Lead, SD Local Guide

Cheapest Available Lead Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lead, SD is a 1 Bed unit found at Badlands Apartments in the Downtown Rapid City neighborhood priced from $875. LaCrosse Estates Apartment Homes in the Downtown Rapid City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $886. Here is today’s list of the most affordable Lead apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Badlands ApartmentsOne Bed, One Bath1BR, 1BA$875
LaCrosse Estates Apartment HomesHOT SIZZLIN SUMMER DEALS! $500 DEPOSIT! NO APPL...1BR, 1BA$886
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR, 1BA$900
Enchanted PinesStudioStudio, 1BA$950
Tallgrass ApartmentsAStudio, 1BA$1,000
Copper Ridge ApartmentsAStudio, 1BA$1,025
Auburn Hills1 bed, 1 bath-4660 Coal Bank1BR, 1BA$1,050
Sagebrush Flats1 Bed, 1 bath1BR, 1BA$1,052
The Place at Estes ParkTwo Bed Two Bath2BR, 2BA$1,075
Country Bluff ApartmentsThe Jefferson1BR, 1BA$1,090

Best Value Apartments for Rent in Lead, SD and Nearby

As of September 17, 2026 the best value apartment in the Lead area is the $1.43 price per square foot Townhome Style 3 Bedroom 2.5 Bathroom Model at Shepherd Hills Commons starting from $1,895. 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.
Shepherd Hills CommonsTownhome Style 3 Bedroom 2.5 Bathroom3BR, 2.5BA$1.43
Stonegate Community3 Beds, 2 baths3BR, 2BA$1.27
Summerset Heights2x2 expanded2BR, 2BA$1.17
Arrowhead ViewB-H2BR, 2BA$1.16
Summerset Village2 bed/2 bath2BR, 2BA$1.09
The Place at Estes ParkTwo Bed Two Bath2BR, 2BA$1.11
Countryside Apartments1Bedroom 1 Bathroom1BR, 1BA$1.33
The VUE at Catron2 Bedroom 2 Bathroom2BR, 2BA$1.43
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR, 1BA$1.22
Badlands ApartmentsTwo Beds, One Bath2BR, 1BA$1.36

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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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.

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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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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 Enchanted Pines listed at $950.

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

The lowest price for a Cheap One Bedroom Lead Apartment is $875 at Badlands Apartments.

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 $949 at Badlands Apartments.

What is the most affordable Lead Three Bedroom Apartment?

The best deal on a cheap Lead Three Bedroom Apartment rental is at Badlands Apartments and starts from $1,080.

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

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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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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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.

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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.