Cheap Apartments for Rent in Monroe, SD from $600 (38 Rentals)

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

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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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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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.

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Forty One Flats
1 to 4 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
  • Utilities Included

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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property at 2904 W 33rd St

$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

2904 W 33rd St

Sioux FallsSD57105
Showing Results 1-38, Page 1 of 1

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 $784. Here is today’s list of the most affordable Monroe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Forty One Flats2 Bedroom 1 Bathroom2BR,2BA$612
Teak1 BR Light Renovation1BR,1BA$784
Bentwood Manor ApartmentsThe Pine2BR,2BA$785
Roosevelt Estates of Sioux Falls1 Bedroom1BR,1BA$835
Heritage Place Apartments2 Bedroom 1 Bath2BR,1BA$850
Pheasant View Apartments2 BD UPPER UNIT LAYOUT2BR,1BA$875
Sunset Villas Apartments1 Bed 1 Bath Apartment1BR,1BA$890
Silos at Ellis CrossingApartment Style- 1 Bedroom 1 Bathroom1BR,1BA$900
Stoney Creek Townhomes2 Bedroom 1 Bathroom2BR,1BA$925
The Lexington EstatesOpen concept living with walk-out patio/balcony...1BR,1BA$960

Best Value Apartments for Rent in Monroe, SD and Nearby

As of June 11, 2026 the best value apartment in the Monroe area is the $1.12 price per square foot 2 Bedroom 2.5 Bathroom Townhome Model at 29 Flats in the in the Southwest Sioux Falls neighborhood starting from $1,455. The second greatest value Monroe apartment is the Rent Special - 3 Bed, 2 Bath Apts Model at Maple Pass Apartments & Townhomes starting at $1,295 with a $1.08 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.
29 Flats2 Bedroom 2.5 Bathroom Townhome2BR,2.5BA$1.12
Maple Pass Apartments & TownhomesRent Special - 3 Bed, 2 Bath Apts3BR,2BA$1.08
Stoney Creek Townhomes3 Bedroom 1.5 Bathroom3BR,1.5BA$1.05
Regency Place Apartments2bd2ba 1012sf2BR,2BA$1.01
Prairie Winds Apartments2 Bedroom 2 Bathroom2BR,2BA$1.02
Pheasant View Apartments2 BD UPPER UNIT LAYOUT2BR,1BA$0.91
Bentwood Manor ApartmentsThe Maple2BR,1BA$0.90
Heritage Place Apartments2 Bedroom 1 Bath2BR,1BA$0.94
Teak1 BR Renovated1BR,1BA$1.02
Forty One Flats2 Bedroom 1 Bathroom2BR,2BA$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

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.

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

Explore Monroe, SD Rentals by Map

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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 $784 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 Stoney Creek Townhomes and starts from $1,145.

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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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.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.