
Cheap Homes for Rent in Olivet, SD from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Olivet.


716 W Ash Ave

411 Stafford St

223 N Main St

101 W Wisconsin St

828 W 2nd 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.

1020 E 1st Ave

3303 W Bitterroot St

218 E National St

705 S Davison St

234 Elmwood Ave

2904 W 33rd St
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.
Olivet, SD Local Guide

How much does it cost to rent a home in Olivet?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Olivet 2 Bedroom Homes for Rent | $1,634 | $770 | $3,850 |
| Olivet 3 Bedroom Homes for Rent | $1,646 | $1,100 | $2,500 |
| Olivet 4 Bedroom Homes for Rent | $1,898 | $1,450 | $2,300 |
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Olivet, SD Local Guide
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Cheapest Available Olivet Apartments for Rent and Nearby
 The cheapest available apartment rental in Olivet, 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 Olivet 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 |
| Copper Flats | 2 Bedroom 1 Bathroom | 2BR,2BA | $621 |
| Pheasant View Apartments | 3 BD 1 BA Layout | 3BR,1BA | $675 |
| Maple Pass Apartments and Townhomes in Hartford, SD | Rent Special - Studio Apts | Studio,1BA | $825 |
Best Value Apartments for Rent in Olivet, SD and Nearby
As of April 24, 2026 the best value apartment in the Olivet area is the $1.16 price per square foot 2 Bedroom 2.5 Bathroom Townhome Model at 29 Flats in the in the Southwest Sioux Falls neighborhood starting from $1,505. The second greatest value Olivet apartment is the 3 Bedroom 2 Bathroom Second Floor Model at Golden Prairie starting at $1,417 with a $1.16 price per square foot . Here is today’s list of the best values for Olivet apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 29 Flats | 2 Bedroom 2.5 Bathroom Townhome | 2BR,2.5BA | $1.16 |
| Golden Prairie | 3 Bedroom 2 Bathroom Second Floor | 3BR,2BA | $1.16 |
| Boulder Creek Apartments | 2bd/2ba Remodel | 2BR,2BA | $1.18 |
| West Oaks Estate | 2 bd 2 bath Upper Level Unit | 2BR,2BA | $1.06 |
| Regency Place Apartments - New Leasing Incentives! | 2bd1ba 1000sf | 2BR,1BA | $1.00 |
| Pheasant View Apartments | 2 BD UPPER UNIT LAYOUT | 2BR,1BA | $0.91 |
| Mesa Heights Apartments | 2BR/1.0BA | 2BR,1BA | $1.08 |
| Copper Flats | 2 Bedroom 1 Bathroom | 2BR,2BA | $0.78 |
| Wheatridge Apartments & Townhomes | Tallgrass | 1BR,1BA | $1.14 |
| 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 ArticleDon'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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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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Olivet
What type of rentals are currently available in Olivet?
There are currently 48 Apartments for Rent in Olivet, SD with pricing that ranges from $399 to $2,345. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olivet ranging from $700 to $3,850.
What is the current price range for Rental Homes in Olivet?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Olivet ranges from $700 to $3,850 with an average monthly rent of $1,552.
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.