
Cheap Apartments for Rent in Mount Vernon, SD from $500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Mount Vernon.


531 Korb St

Total Monthly Price
411 Main St, Unit A

510 W 4th Ave

200 W 4th Ave

421 E 9th Ave

821 E 7th Ave
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.

915 W 4th Ave

Autumn Grove Apartments

Wheatridge Apartments & Townhomes

Flats on Havens

716 S Iowa St

Total Monthly Price
1101 W Elm Ave, Unit 1

Copper Flats
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.

309 W Washington Ave

608 S Wisconsin St

304 N Main St

716 W Ash Ave

Cathedral Square Apartments

Greenridge Apartments

101 W Wisconsin St
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.

223 N Main St
Mount Vernon, SD Local Guide

How much does it cost to rent an apartment in Mount Vernon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mount Vernon Studio Apartments | $993 | $874 | $1,055 |
| Mount Vernon 1 Bedroom Apartments | $985 | $550 | $1,192 |
| Mount Vernon 2 Bedroom Apartments | $1,084 | $650 | $1,600 |
| Mount Vernon 3 Bedroom Apartments | $1,794 | $1,000 | $1,975 |
| Mount Vernon 4 Bedroom Apartments | $1,475 | $1,450 | $1,500 |
Browse Top Apartments in Mount Vernon
See all Apartments in Mount VernonExplore Mount Vernon
Mount Vernon, SD Local Guide
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Cheapest Available Mount Vernon Apartments for Rent and Nearby
 The cheapest available apartment rental in Mount Vernon, SD is a 1 Bed unit found at Wheatridge Apartments & Townhomes priced from $865. Flats on Havens has the second lowest priced unit, which is a Studio apartment currently listed from $929. Here is today’s list of the most affordable Mount Vernon apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wheatridge Apartments & Townhomes | Tallgrass | 1BR,1BA | $865 |
| Flats on Havens | Hurst | Studio,1BA | $929 |
| Edgerton Place | Edgerton Place Phase I - 1 Bed 1 Bath | 1BR,1BA | $945 |
| Wheatgrass Village I | 3 Bedroom Townhome | 3BR,2BA | $1,465 |
Best Value Apartments for Rent in Mount Vernon, SD and Nearby
As of June 10, 2026 the best value apartment in the Mount Vernon area is the $0.89 price per square foot 3 Bedroom Townhome Model at Wheatgrass Village I in the starting from $1,465. The second greatest value Mount Vernon apartment is the 3B/2B Townhome Model at Wheatridge Apartments & Townhomes starting at $1,975 with a $1.53 price per square foot . Here is today’s list of the best values for Mount Vernon apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wheatgrass Village I | 3 Bedroom Townhome | 3BR,2.5BA | $0.89 |
| Wheatridge Apartments & Townhomes | 3B/2B Townhome | 3BR,2BA | $1.53 |
| 1101 W Elm Ave, Unit 1 | 1101 W Elm Ave | 2BR,1BA | $0.95 |
| 411 Main St, Unit A | 411 Main St | 2BR,1BA | $0.68 |
| Edgerton Place | Edgerton Place Phase I - 1 Bed 1 Bath | 1BR,1BA | $1.53 |
| 530 Korb St, Unit 101 | 530 Korb St | 1BR,1BA | $0.92 |
| Flats on Havens | Norway | 1BR,1BA | $2.03 |
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 ArticleReal 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.
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.
Best Local Schools in Mount Vernon, SD
Mount Vernon Elementary - 02
Mount Vernon High School- 01
Mount Vernon Middle School - 03
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mount Vernon, SD Rentals by Map
See the most popular apartments and homes in Mount Vernon, SD
Frequently Asked Questions about Cheap Mount Vernon Apartments
How much is rent for a Cheap One Bedroom Mount Vernon Apartment?
The lowest price for a Cheap One Bedroom Mount Vernon Apartment is $865 at Wheatridge Apartments & Townhomes.
What is the most affordable Mount Vernon Three Bedroom Apartment?
The best deal on a cheap Mount Vernon Three Bedroom Apartment rental is at Wheatgrass Village I and starts from $1,465.
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

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.

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.

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.

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.