
Cheap Apartments for Rent near New Effington, SD from $550 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in New Effington.


97 7th Ave S

262 2nd St SW

328 Dewey St

Liberty Lights Apartments

511 Main Ave N

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Riverside Apartments

Western Road Apartments

Oakes I & II Apartments

Gwinner I & II Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Beardsley Apartments

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Spruce Place Apartments

Center Street Apartments

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Nature's Edge Apartments

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Colonial Village Apartments

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Water Station Apartments

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The Colony

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Broadway Apartments

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Cascade Apartments

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Campus View Historic Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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River Bluff Apartments

Archer Flats

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Runestone Grand Apartments

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Somerset Apartments

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Thunder Hawk Apartments

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506 Flats Apartments

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Stetson Village Apartments

706 W Lincoln Ave

606 1st Ave N, Unit 7

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The Crossings Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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East Point Village Apartments

Clinton Community Housing

Page House

Silverleaf Apartments

Goldenwood

806 W 5th St

Prairie Park Fairmount Apartments

Heritage Apartments- Morris

Carolina Village

Heritage Square
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.

Del Rose Apartments

503 6th St N

Aspen Green II

Home Rite Apartments

Wildwood Apartments

1605 7th St N

Eastside Acres

1624 8th St N

Riverside Apartments

Ridgeview Manor - Trail I and II
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.
New Effington, SD Local Guide

How much does it cost to rent an apartment in New Effington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Effington Studio Apartments | $907 | $550 | $950 |
| New Effington 1 Bedroom Apartments | $1,105 | $600 | $1,798 |
| New Effington 2 Bedroom Apartments | $1,218 | $695 | $2,500 |
| New Effington 3 Bedroom Apartments | $1,534 | $850 | $2,500 |
| New Effington 4 Bedroom Apartments | $2,114 | $1,295 | $2,625 |
Browse Top Apartments in New Effington
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New Effington, SD Local Guide
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Cheapest Available New Effington Apartments for Rent and Nearby
 The cheapest available apartment rental in New Effington, SD is a 1 Bed unit found at Liberty Lights Apartments priced from $600. Gwinner I & II Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable New Effington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Liberty Lights Apartments | 1 Bedroom | 1BR, 1BA | $600 |
| Gwinner I & II Apartments | 1 br/ 1 bath | 1BR, 1BA | $700 |
| Beardsley Apartments | Two Bedroom | 2BR, 1BA | $700 |
| Wildwood Apartments | 1BR/1.0BA | 1BR, 1BA | $725 |
| Center Street Apartments | Wahp 2 bed | 2BR, 1BA | $745 |
| Water Station Apartments | 1 bedroom | 1BR, 1BA | $860 |
| The Colony | Hummingbird | Studio, 1BA | $882 |
| Cascade Apartments | One Bedroom | 1BR, 1BA | $898 |
| Spruce Place Apartments | 2 Bedroom | Laurel Place | 2BR, 1BA | $900 |
| Campus View Historic Apartments | 1 Beds, 1 Baths | 1BR, 1BA | $900 |
Best Value Apartments for Rent in New Effington, SD and Nearby
As of September 23, 2026 the best value apartment in the New Effington area is the $0.81 price per square foot 3 Bedroom Model at Pelican Rapids Townhomes starting from $1,280. The second greatest value New Effington apartment is the Two Bedroom Model at Beardsley Apartments starting at $700 with a $0.58 price per square foot. Here is today’s list of the best values for New Effington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pelican Rapids Townhomes | 3 Bedroom | 3BR, 1BA | $0.81 |
| Beardsley Apartments | Two Bedroom | 2BR, 1BA | $0.58 |
| Spruce Place Apartments | 2 Bedroom | Laurel Place | 2BR, 1BA | $1.01 |
| Runestone Grand Apartments | 2 Bedroom | 2BR, 1BA | $1.07 |
| Colonial Village Apartments | Colonial: 2 Bedroom Apt | 2BR, 1BA | $1.13 |
| Center Street Apartments | Wahp 2 bed | 2BR, 1BA | $0.93 |
| Water Station Apartments | 1 bedroom | 1BR, 1BA | $1.08 |
| Lamplighter Apartments | Two Bedroom One Bathroom | 2BR, 1BA | $1.30 |
| Gwinner I & II Apartments | 1 br/ 1 bath | 1BR, 1BA | $1.10 |
| Liberty Lights Apartments | 1 Bedroom | 1BR, 1BA | $1.15 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore New Effington, SD Rentals by Map
See the most popular apartments and homes in New Effington, SD
Frequently Asked Questions about Cheap New Effington Apartments
How much is rent for a Cheap One Bedroom New Effington Apartment?
The lowest price for a Cheap One Bedroom New Effington Apartment is $600 at Liberty Lights Apartments.
What is the lowest price for a Cheap Two Bedroom New Effington Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in New Effington is starting from $700 at Beardsley Apartments.
What is the most affordable New Effington Three Bedroom Apartment?
The best deal on a cheap New Effington Three Bedroom Apartment rental is at Liberty Lights Apartments and starts from $850.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.