Cheap Apartments for Rent near Martin, SD from $500 (49 Rentals)

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

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
$1,160 - $1,245
Total Monthly Price

Total Monthly Price

Base Rent
$1,160 - $1,245
Total Monthly Price
$1,160 - $1,245
1 to 2 Bedroom Apartments Available Nov 7

Prairie Tree

4010 Elm AveRapid City, SD 57701
  • Verified
  • Customer Reviewed
  • Utilities Included

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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Tower Heights
Studio to 2 Bedroom Apartments

Tower Heights

847 Tower RdBox Elder, SD 57719
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Mesa Flats
Studio to 1 Bedroom Apartments

Mesa Flats

1145 Sherman StHot Springs, SD 57747
  • Utilities Included
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440 N Creek Dr
2 Bedroom Apartments

440 N Creek Dr

440 N Creek DrRapid City, SD 57703

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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Antelope Ridge
2 to 5 Bedroom Apartments

Antelope Ridge

321 Hunt DrBox Elder, SD 57719
Corporate Housing
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Martin, SD Local Guide

Cheapest Available Martin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Martin, SD is a 1 Bed unit found at Great Plains Apartments priced from $500. 814 E Highway 44 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Martin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Great Plains Apartments1 Bed 1 Bath1BR,1BA$500
814 E Highway 44Lamro Units1BR,1BA$675
Heartland Flats AllianceMarlowe1BR,1BA$899
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$900
Enchanted PinesStudioStudio,1BA$950
Orchard MeadowsStudioStudio,1BA$975
Moonlight Apartment ComplexStudioStudio,1BA$995
Vistas at Cheyenne PassStudioStudio,1BA$995
Tallgrass ApartmentsAStudio,1BA$1,000
Freedom LandingStudioStudio,1BA$1,000

Best Value Apartments for Rent in Martin, SD and Nearby

As of July 31, 2026 the best value apartment in the Martin area is the $1.40 price per square foot Black Hills 4 Bed Model at Antelope Ridge in the starting from $2,257. The second greatest value Martin apartment is the The Rose Model at Homestead Garden starting at $1,650 with a $1.39 price per square foot . Here is today’s list of the best values for Martin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Antelope RidgeBlack Hills 4 Bed4BR,2.5BA$1.40
Homestead GardenThe Rose2BR,2BA$1.39
Stonegate Community3 Beds, 2 baths3BR,2BA$1.27
Vista Pointe Apartments2-Bed 1 Bath2BR,1BA$1.32
The Pines at Rapid1/11BR,1BA$1.35
Country Bluff ApartmentsThe Roosevelt2BR,1BA$1.39
Heartland Flats AllianceMarlowe1BR,1BA$1.21
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$1.22
814 E Highway 44Lamro Units1BR,1BA$0.99
Great Plains Apartments1 Bed 1 Bath1BR,1BA$0.77

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

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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 Martin, SD Rentals by Map

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See the most popular apartments and homes in Martin, SD

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Frequently Asked Questions about Cheap Martin Apartments

What is the Cheapest Studio apartment in Martin?

Currently the most affordable Cheap Studio Apartment in Martin is at Enchanted Pines listed at $950.

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

The lowest price for a Cheap One Bedroom Martin Apartment is $500 at Great Plains Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Martin is starting from $575 at Great Plains Apartments.

What is the most affordable Martin Three Bedroom Apartment?

The best deal on a cheap Martin 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

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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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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.

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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.