Cheap Homes for Rent in Monroe, SD from $700 (10 Rentals)

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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.

property at 234 Elmwood Ave

$1,200

3 Bedroom, 1 Bath Townhome for Rent

Available Now

234 Elmwood Ave

Sioux FallsSD57104
property at 2904 W 33rd St

$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

2904 W 33rd St

Sioux FallsSD57105

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.

Monroe, SD Local Guide

Cheapest Available Monroe Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monroe, SD is a 1 Bed unit found at West Oaks Estates priced from $399. Forty One Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $510. Here is today’s list of the most affordable Monroe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
West Oaks Estates1 bdr/ 1 bath1BR,1BA$399
Forty One Flats1 Bedroom 1 Bathroom1BR,1BA$510
Bentwood Manor ApartmentsThe Elm1BR,1BA$755

Best Value Apartments for Rent in Monroe, SD and Nearby

As of March 13, 2026 the best value apartment in the Monroe area is the $1.05 price per square foot 3 Bedroom 1.5 Bath Twinhome Model at Cottage West Twin Homes in the in the Southwest Sioux Falls neighborhood starting from $1,674. The second greatest value Monroe apartment is the 2bd2ba Model at Saddle Creek Townhomes - New Leasing Incentives ! starting at $1,167 with a $1.03 price per square foot in the Southwest Sioux Falls neighborhood. 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.
Cottage West Twin Homes3 Bedroom 1.5 Bath Twinhome3BR,1.5BA$1.05
Saddle Creek Townhomes - New Leasing Incentives !2bd2ba2BR,2BA$1.03
West Oaks Estates2 bd 2 bath Upper Level Unit2BR,2BA$1.06
Marion Park II Apartments2BR/1.0BA2BR,1BA$0.78
Regency Place Apartments - New Leasing Incentives!2bd1ba 1000sf2BR,1BA$0.98
Pheasant View Apartments2 BD UPPER UNIT LAYOUT2BR,1BA$0.91
Teak2 BR Renovated2BR,1BA$1.04
Stoney Creek Townhomes2 Bedroom 1 Bathroom2BR,1BA$1.01
Bentwood Manor ApartmentsThe Elm1BR,1BA$1.02
Forty One Flats1 Bedroom 1 Bathroom1BR,1BA$0.85

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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!

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Frequently Asked Questions about Monroe

What type of rentals are currently available in Monroe?

There are currently 41 Apartments for Rent in Monroe, SD with pricing that ranges from $399 to $2,177. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monroe ranging from $700 to $3,850.

What is the current price range for Rental Homes in Monroe?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Monroe ranges from $700 to $3,850 with an average monthly rent of $1,653.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.