Cheap Apartments for Rent near Owanka, SD from $500 (50 Rentals)

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Search the lowest-cost Apartments available for rent right now in Owanka.

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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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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Prairie Tree
$1,155 - $1,215
Total Monthly Price

Total Monthly Price

Base Rent
$1,155 - $1,215
Total Monthly Price
$1,155 - $1,215
1 to 2 Bedroom Apartments Available Sep 7

Prairie Tree

4010 Elm AveRapid City, SD 57701
Affordability
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  • Utilities Included

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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Tower Heights
Studio to 2 Bedroom Apartments

Tower Heights

847 Tower RdBox Elder, SD 57719

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.

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440 N Creek Dr
2 Bedroom Apartments

440 N Creek Dr

440 N Creek DrRapid City, SD 57703
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KC Lofts
1 to 2 Bedroom Apartments

KC Lofts

18 E Kansas City StRapid City, SD 57701
Corporate Housing
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Antelope Ridge
2 to 5 Bedroom Apartments

Antelope Ridge

321 Hunt DrBox Elder, SD 57719
Corporate Housing

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.

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Owanka, SD Local Guide

Cheapest Available Owanka Apartments for Rent and Nearby

 

The cheapest available apartment rental in Owanka, SD is a 2 Beds unit found at Civic Plaza Apartments in the Downtown Rapid City neighborhood priced from $865. The Place at Hainesway in the Downtown Rapid City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Owanka apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$865
The Place at HaineswayOne Bed, One Bath1BR,1BA$875
LaCrosse Estates Apartment HomesSPRING INTO SUMMER WITH HUGH SAVINGS! $500 DEPO...1BR,1BA$886
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$900
Enchanted PinesStudioStudio,1BA$950
BG Flats ApartmentsStudio ApartmentStudio,1BA$965
Orchard MeadowsStudioStudio,1BA$975
Johnson Ranch ApartmentsStudioStudio,1BA$975
Countryside ApartmentsStudioStudio,1BA$975
Moonlight Apartment ComplexStudioStudio,1BA$995

Best Value Apartments for Rent in Owanka, SD and Nearby

As of July 22, 2026 the best value apartment in the Owanka area is the $1.43 price per square foot Townhome Style 3 Bedroom 2.5 Bathroom Model at Shepherd Hills Commons in the starting from $1,895. The second greatest value Owanka apartment is the 3 Beds, 2 baths Model at Stonegate Community starting at $1,495 with a $1.27 price per square foot . Here is today’s list of the best values for Owanka apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shepherd Hills CommonsTownhome Style 3 Bedroom 2.5 Bathroom3BR,2.5BA$1.43
Stonegate Community3 Beds, 2 baths3BR,2BA$1.27
Buffalo Run2 Bedroom 2 Bathroom2BR,2BA$1.44
The Place at Estes ParkTwo Bed Two Bath2BR,2BA$1.11
Vista Pointe Apartments2-Bed 1 Bath2BR,1BA$1.32
The Pines at Rapid1/11BR,1BA$1.35
Country Bluff ApartmentsThe Roosevelt2BR,1BA$1.39
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$1.22
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$1.29
The Place at HaineswayOne Bed, One Bath1BR,1BA$1.35

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.

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Real 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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Quick Rent Budget Calculator

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Owanka, SD Rentals by Map

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See the most popular apartments and homes in Owanka, SD

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Frequently Asked Questions about Cheap Owanka Apartments

What is the Cheapest Studio apartment in Owanka?

Currently the most affordable Cheap Studio Apartment in Owanka is at Enchanted Pines listed at $950.

How much is rent for a Cheap One Bedroom Owanka Apartment?

The lowest price for a Cheap One Bedroom Owanka Apartment is $875 at The Place at Hainesway.

What is the lowest price for a Cheap Two Bedroom Owanka Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Owanka is starting from $865 at Civic Plaza Apartments.

What is the most affordable Owanka Three Bedroom Apartment?

The best deal on a cheap Owanka Three Bedroom Apartment rental is at The Place at Hainesway and starts from $1,060.

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

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.