Cheap Apartments for Rent in Monroe, SD from $300 (7 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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.

close
View Me
Forty One Flats
1 to 4 Bedroom Apartments

Forty One Flats

8701 W 41st StSioux Falls, SD 57106

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. Bentwood Manor Apartments in the Empire Mall neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $755. 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
Bentwood Manor Apartments1 Bed 1 Bath1BR,1BA$755
Heritage Place Apartments2 Bedroom 1 Bath2BR,1BA$825

Best Value Apartments for Rent in Monroe, SD and Nearby

As of May 24, 2025 the best value apartment in the Monroe area is the $1.06 price per square foot 2bd2ba Model at Saddle Creek Townhomes in the in the Southwest Sioux Falls neighborhood starting from $1,195. The second greatest value Monroe apartment is the 3 Bedroom 1.5 Bathroom Model at Stoney Creek Townhomes starting at $1,120 with a $1.03 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$1.06
Stoney Creek Townhomes3 Bedroom 1.5 Bathroom3BR,1.5BA$1.03
Boulder Creek Townhomes2bd2ba2BR,2BA$1.08
West Briar Estates2 Bedroom 1 Bath2BR,1BA$1.01
Bentwood Manor Apartments2 Bed 1 Bath2BR,1BA$0.88
Roosevelt Estates of Sioux Falls2 Bedroom2BR,1BA$1.13
Heritage Place Apartments2 Bedroom 1 Bath2BR,1BA$0.92
Park Place Condominiums2 BEDROOM A2BR,1BA$1.14
Pheasant View Apartments1 BEDROOM1BR,1BA$0.98
Forty One Flats2 Bedroom 2 Bathroom2BR,2BA$0.77

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.

decorative image of people with a giant lease agreement

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

Explore Monroe, SD Rentals by Map

View MapMonroe, SD Apartments MapView MapMonroe, SD Rental Homes Map

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 $755 at Bentwood Manor Apartments.

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.