617 S Prairie Ave
Sioux FallsSD57104
Cheap Homes for Rent in Monroe, SD from $700 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Monroe.
407 N Covell Ave
Sioux FallsSD57104
625 S Prairie Ave
Sioux FallsSD57104
203 S Covell Ave
Sioux FallsSD57104
813 N Kiwanis Ave
Sioux FallsSD57104
703 N Mundt Ave
HartfordSD57033
3303 W Bitterroot St
Sioux FallsSD57108
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.
713-715 W 16th St
Sioux FallsSD57104
234 Elmwood Ave
Sioux FallsSD57104
2904 W 33rd St
Sioux FallsSD57105
2608 N Career Ave
Sioux FallsSD57107
2310 S Euclid Ave
Sioux FallsSD57105
5213 W 54th St
Sioux FallsSD57107
1123 S Bridgeport Pl
Sioux FallsSD57106
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.
Showing Results 1-14, Page 1 of 1
Monroe, SD Local Guide
South Dakota rural scene by Rawpixel Ltd is licensed under CC BY 2.0
How much does it cost to rent a home in Monroe?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monroe 2 Bedroom Homes for Rent | $1,608 | $850 | $3,850 |
| Monroe 3 Bedroom Homes for Rent | $1,693 | $1,070 | $2,500 |
| Monroe 4 Bedroom Homes for Rent | $2,222 | $1,495 | $3,595 |
| Monroe 5 Bedroom Homes for Rent | $3,345 | $2,695 | $3,995 |
Browse Top Homes for Rent in Monroe
Explore Monroe
Monroe, SD Local Guide
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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 Estate 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| West Oaks Estate | 1 bdr/ 1 bath | 1BR,1BA | $399 |
| Forty One Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $510 |
| Pheasant View Apartments | 3 BD 1 BA Layout | 3BR,1BA | $675 |
| Bentwood Manor Apartments | The Elm | 1BR,1BA | $755 |
| Heritage Place Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $825 |
Best Value Apartments for Rent in Monroe, SD and Nearby
As of April 27, 2026 the best value apartment in the Monroe area is the $0.86 price per square foot 3 Bedroom 1 Bath Twinhome Model at Cottage West Twin Homes in the in the Southwest Sioux Falls neighborhood starting from $1,373. The second greatest value Monroe apartment is the 3 Bedroom 1.5 Bathroom Model at Stoney Creek Townhomes starting at $1,145 with a $1.05 price per square foot . Here is today’s list of the best values for Monroe apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cottage West Twin Homes | 3 Bedroom 1 Bath Twinhome | 3BR,1BA | $0.86 |
| Stoney Creek Townhomes | 3 Bedroom 1.5 Bathroom | 3BR,1.5BA | $1.05 |
| Prairie Winds Apartments | 2 Bedroom 2 Bathroom Large | 2BR,2BA | $0.99 |
| Regency Place Apartments - New Leasing Incentives! | 2bd1ba 1000sf | 2BR,1BA | $1.00 |
| Pheasant View Apartments | 2 BD UPPER UNIT LAYOUT | 2BR,1BA | $0.91 |
| Teak | 2 BR Light Renovation | 2BR,1BA | $1.03 |
| Bentwood Manor Apartments | The Maple | 2BR,1BA | $0.90 |
| West Oaks Estate | 1 bdr/ 1 bath | 1BR,1BA | $0.43 |
| Heritage Place Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $0.92 |
| Forty One Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.85 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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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Explore Monroe, SD Rentals by Map
See the most popular apartments and homes in Monroe, SD
Frequently Asked Questions about Monroe
What type of rentals are currently available in Monroe?
There are currently 42 Apartments for Rent in Monroe, SD with pricing that ranges from $399 to $2,177. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monroe ranging from $700 to $3,995.
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 $3,995 with an average monthly rent of $2,001.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.
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.