Cheap Apartments for Rent in Lincoln County, SD from $400 (50 Rentals)

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

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Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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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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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Brooks Townhomes
2 to 3 Bedroom Apartments

Brooks Townhomes

5029 E 54th StSioux Falls, SD 57110
  • Utilities Included
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Old Main Apartments
1 to 2 Bedroom Apartments

Old Main Apartments

320 N Lawler StCanton, SD 57013
  • Utilities Included

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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Hunters Gate Townhomes
2 to 3 Bedroom Apartments

Hunters Gate Townhomes

217 S Cliff AveHarrisburg, SD 57032
  • Utilities Included
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MacArthur Estates
1 to 3 Bedroom Apartments

MacArthur Estates

5500 S Mac Arthur LnSioux Falls, SD 57108
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5401 W 56th St
2 Bedroom Apartments

5401 W 56th St

5401 W 56th StSioux Falls, SD 57106
  • Utilities Included
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340 N Main Ave
2 to 3 Bedroom Apartments

340 N Main Ave

340 N Main AveTea, SD 57064
  • Utilities Included
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Shebal Townhomes
2 to 3 Bedroom Apartments

Shebal Townhomes

140 S Shebal AveHarrisburg, SD 57032

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.

Cheapest Available Lincoln County Apartments for Rent

 

The cheapest available apartment rental in Lincoln County, SD is a Studio unit found at The Velthuis Apartments in the Southwest Sioux Falls neighborhood priced from $755. Pebble Creek Apartments in the Southwest Sioux Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable Lincoln County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Velthuis ApartmentsStudio ApartmentStudio,1BA$755
Pebble Creek Apartments1BR/1BA1BR,1BA$775
The Meadows Apartments411 1 BR1BR,1BA$800
Whisper Ridge CommonsStudio (A)Studio,1BA$814
Mirada Manor ApartmentsOne Bedroom1BR,1BA$835
Briarwood Reserve Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$840
Meadow Ridge Apartments1 Bedroom1BR,1BA$850
The CommonsApartment Style StudioStudio,1BA$865
Spring Creek Luxury LivingAspenStudio,1BA$880

Best Value Apartments for Rent in Lincoln County, SD

As of July 24, 2026 the best value apartment in the Lincoln County area is the $1.05 price per square foot 4 Bedroom 2.5 Bathroom Model at Spring Townhomes in the in the Southwest Sioux Falls neighborhood starting from $2,185. The second greatest value Lincoln County apartment is the 3 Bedroom 2.5 Bathroom Model at The Berg starting at $1,649 with a $1.03 price per square foot . Here is today’s list of the best values for Lincoln County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Spring Townhomes4 Bedroom 2.5 Bathroom4BR,2.5BA$1.05
The Berg3 Bedroom 2.5 Bathroom3BR,2.5BA$1.03
MacArthur Square Apartments2bd/2bth - 3rd Flr (G)2BR,2BA$1.12
Royal Oak Apartments2 Bedrooms / 2 Bathrooms2BR,2BA$1.15
Saddle Creek Townhomes2bd2ba2BR,2BA$1.06
Oakmont Estates2 Bedroom Split2BR,2BA$1.01
Southern Hills2bd1ba2BR,1BA$0.98
Pebble Creek Apartments1BR/1BA1BR,1BA$0.91
Meadow Ridge Apartments1 Bedroom1BR,1BA$1.17
201 Columbia St201 Columbia St1BR,1BA$1.03

Frequently Asked Questions about Cheap Lincoln County Apartments

What is the Cheapest Studio apartment in Lincoln County?

Currently the most affordable Cheap Studio Apartment in Lincoln County is at The Velthuis Apartments listed at $755.

How much is rent for a Cheap One Bedroom Lincoln County Apartment?

The lowest price for a Cheap One Bedroom Lincoln County Apartment is $775 at Pebble Creek Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lincoln County is starting from $850 at Pebble Creek Apartments.

What is the most affordable Lincoln County Three Bedroom Apartment?

The best deal on a cheap Lincoln County Three Bedroom Apartment rental is at SOUTH POINTE and starts from $1,260.

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 Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

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.