
Cheap Apartments for Rent near Leola, SD from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Leola.


328 Dewey St

262 2nd St SW

9 1st Ave NE

Total Monthly Price
221 15th St N, Unit D4

307 11th Ave NW
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.

Gwinner I & II Apartments

Oakes I & II Apartments

Depot Apartments

831 7th Ave SE

1105 N Main St

Presentation Heights
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.

Forte Living of Aberdeen: 50+ Community!

Dakota Estates

603 N Main St

10 9th Ave SW

1631 Olive Dr

630 S High St
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.
Leola, SD Local Guide

How much does it cost to rent an apartment in Leola?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Leola Studio Apartments | $978 | $919 | $1,062 |
| Leola 1 Bedroom Apartments | $992 | $500 | $1,218 |
| Leola 2 Bedroom Apartments | $1,229 | $800 | $1,685 |
| Leola 3 Bedroom Apartments | $1,091 | $900 | $1,474 |
| Leola 4 Bedroom Apartments | $1,266 | $910 | $1,810 |
Browse Top Apartments in Leola
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Leola, SD Local Guide
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Cheapest Available Leola Apartments for Rent and Nearby
 The cheapest available apartment rental in Leola, SD is a 1 Bed unit found at Gwinner I & II Apartments priced from $700. Prairie Village Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,091. Here is today’s list of the most affordable Leola apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Gwinner I & II Apartments | 1 br/ 1 bath | 1BR,1BA | $700 |
| Prairie Village Apartments | Prairie Village 2 - 2 Bed - 1 Bath | 2BR,1BA | $1,091 |
| Aberdeen Communities | 1 BED 1BATH | 1BR,1BA | $1,100 |
| Forte Living of Aberdeen: 50+ Community! | Sparrow | 2BR,1BA | $1,335 |
Best Value Apartments for Rent in Leola, SD and Nearby
As of July 09, 2026 the best value apartment in the Leola area is the $1.19 price per square foot Prairie Village 2 - 2 Bed - 1 Bath Model at Prairie Village Apartments in the starting from $1,091. The second greatest value Leola apartment is the Sparrow Model at Forte Living of Aberdeen: 50+ Community! starting at $1,335 with a $1.62 price per square foot . Here is today’s list of the best values for Leola apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Prairie Village Apartments | Prairie Village 2 - 2 Bed - 1 Bath | 2BR,1BA | $1.19 |
| Forte Living of Aberdeen: 50+ Community! | Sparrow | 2BR,1BA | $1.62 |
| Gwinner I & II Apartments | 1 br/ 1 bath | 1BR,1BA | $1.10 |
| 221 15th St N, Unit D4 | 221 15th St N | 1BR,1BA | $0.81 |
| Aberdeen Communities | 1 BED 1BATH | 1BR,1BA | $2.00 |
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 ArticleReal 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Leola, SD Rentals by Map
See the most popular apartments and homes in Leola, SD
Frequently Asked Questions about Cheap Leola Apartments
How much is rent for a Cheap One Bedroom Leola Apartment?
The lowest price for a Cheap One Bedroom Leola Apartment is $700 at Gwinner I & II Apartments.
What is the lowest price for a Cheap Two Bedroom Leola Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Leola is starting from $825 at Gwinner I & II Apartments.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.

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.