Cheap Apartments for Rent in Monroe, SD from $300 (19 Rentals)

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

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Forty One Flats
2 Bedroom Apartments

Forty One Flats

8701 W 41st StSioux Falls, SD 57106
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5401 W 56th St
2 Bedroom Apartments

5401 W 56th St

5401 W 56th StSioux Falls, SD 57106
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Monroe, SD Local Guide

Cheapest Available Monroe Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monroe, SD is a 2 Beds unit found at Forty One Flats priced from $612. Teak in the Western Mall neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $774. Here is today’s list of the most affordable Monroe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Forty One Flats2 Bedroom 2 Bathroom2BR,2BA$612
Teak1 BR Non-Renovated1BR,1BA$774
Sunset Villas Apartments1 Bed 1 Bath Apartment1BR,1BA$795
Bentwood Manor Apartments2 Bed 1 Bath2BR,1BA$815
Heritage Place Apartments2 Bedroom 1 Bath2BR,1BA$825

Best Value Apartments for Rent in Monroe, SD and Nearby

As of July 30, 2025 the best value apartment in the Monroe area is the $1.02 price per square foot 2bd2ba Model at Saddle Creek Townhomes in the in the Southwest Sioux Falls neighborhood starting from $1,150. The second greatest value Monroe apartment is the 2bd1ba with WD Model at Regency Place Apartments starting at $1,025 with a $1.00 price per square foot . Here is today’s list of the best values for Monroe apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Saddle Creek Townhomes2bd2ba2BR,2BA$1.02
Regency Place Apartments2bd1ba with WD2BR,1BA$1.00
West Briar Estates2 Bedroom 1 Bath2BR,1BA$1.01
Teak2 BR Renovated w WD2BR,1BA$1.11
Bentwood Manor Apartments2 Bed 2 Bath - Luxury2BR,2BA$0.94
41st Street CommonsFlat Style 2 Bed/1 Bath2BR,1BA$1.03
Heritage Place Apartments2 Bedroom 1 Bath2BR,1BA$0.92
Park Place Condominiums2 BEDROOM A2BR,1BA$1.00
Pheasant View Apartments1 BEDROOM1BR,1BA$0.98
Forty One Flats2 Bedroom 2 Bathroom2BR,2BA$0.77

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

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Frequently Asked Questions about Cheap Monroe Apartments

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

The lowest price for a Cheap One Bedroom Monroe Apartment is $774 at Teak.

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

Today's best deal for a Cheap Two Bedroom Apartment in Monroe is starting from $612 at Forty One Flats.

What is the most affordable Monroe Three Bedroom Apartment?

The best deal on a cheap Monroe Three Bedroom Apartment rental is at Pheasant View Apartments and starts from $949.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.