
Cheap Homes for Rent in Olivet, SD from $700 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Olivet.


304 N Main St

507 W 20th St

223 N Main St

2800 W McClellan St

614 E 6th St

713-715 W 16th St
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.

2904 W 33rd St

906 W 10th St

2000 S Duluth Ave

2200 N Main Ave

1419 N Conifer Pl

3205 S Covell Ave

415 E Clark 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 | $1,105 | $850 | $1,361 |
| Olivet 3 Bedroom Homes for Rent | $1,963 | $1,400 | $3,950 |
| Olivet 4 Bedroom Homes for Rent | $2,150 | $2,100 | $2,200 |
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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 2 Beds unit found at Forty One Flats priced from $612. Roosevelt Estates of Sioux Falls has the second lowest priced unit, which is a 1 Bed apartment currently listed from $835. Here is today’s list of the most affordable Olivet apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Forty One Flats | 2 Bedroom 1 Bathroom | 2BR,2BA | $612 |
| Roosevelt Estates of Sioux Falls | 1 Bedroom | 1BR,1BA | $835 |
| The Links | Studio | Studio,1BA | $850 |
| Wheatridge Apartments & Townhomes | Tallgrass | 1BR,1BA | $865 |
| Pheasant View Apartments | 2 BD UPPER UNIT LAYOUT | 2BR,1BA | $875 |
Best Value Apartments for Rent in Olivet, SD and Nearby
As of June 11, 2026 the best value apartment in the Olivet area is the $1.12 price per square foot 2 Bedroom 2.5 Bathroom Townhome Model at 29 Flats in the in the Southwest Sioux Falls neighborhood starting from $1,455. The second greatest value Olivet apartment is the Rent Special - 3 Bed, 2 Bath Apts Model at Maple Pass Apartments & Townhomes starting at $1,295 with a $1.08 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 | $1.12 |
| Maple Pass Apartments & Townhomes | Rent Special - 3 Bed, 2 Bath Apts | 3BR,2BA | $1.08 |
| Boulder Creek Apartments | 2bd/2ba Remodel | 2BR,2BA | $1.18 |
| Westbrook Estates I | 2 Bed 1 Bath | 2BR,1BA | $1.15 |
| Regency Place Apartments | 2bd2ba 1012sf | 2BR,2BA | $1.01 |
| Pheasant View Apartments | 2 BD UPPER UNIT LAYOUT | 2BR,1BA | $0.91 |
| Hillcrest Heights | 2 Bedroom 2 Bathroom Apartment | 2BR,2BA | $1.19 |
| Westview Heights Apartments, LLC | 2Bed/2Bath | 2BR,2BA | $1.28 |
| Edgewood Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.26 |
| Forty One Flats | 2 Bedroom 1 Bathroom | 2BR,2BA | $0.77 |
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.
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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.
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 49 Apartments for Rent in Olivet, SD with pricing that ranges from $795 to $2,260. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olivet ranging from $725 to $3,950.
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 $725 to $3,950 with an average monthly rent of $1,576.
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.