Cheap Apartments for Rent in Parker, SD from $500 (42 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
Forty One Flats
1 to 4 Bedroom Apartments

Forty One Flats

8701 W 41st StSioux Falls, SD 57106
close
View Me
5401 W 56th St
2 Bedroom Apartments

5401 W 56th St

5401 W 56th StSioux Falls, SD 57106
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
close
View Me
85 Commons
1 to 3 Bedroom Apartments

85 Commons

7700 S Townsley AveSioux Falls, SD 57108
property at 2904 W 33rd St

$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

2904 W 33rd St

Sioux FallsSD57105
close
View Me
29 Flats
1 to 3 Bedroom Apartments

29 Flats

5400 S Marion RdSioux Falls, SD 57106

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
Showing Results 1-42, Page 1 of 1

Parker, SD Local Guide

Cheapest Available Parker Apartments for Rent and Nearby

 

The cheapest available apartment rental in Parker, SD is a 1 Bed unit found at Forty One Flats priced from $510. Maple Pass Apartments and Townhomes in Hartford, SD has the second lowest priced unit, which is a Studio apartment currently listed from $825. Here is today’s list of the most affordable Parker apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Forty One Flats1 Bedroom 1 Bathroom1BR,1BA$510
Maple Pass Apartments and Townhomes in Hartford, SDRent Special - Studio AptsStudio,1BA$825
Roosevelt Estates of Sioux Falls1 Bedroom1BR,1BA$835
Pheasant View Apartments2 BD UPPER UNIT LAYOUT2BR,1BA$875
Sunset Villas Apartments1 Bed 1 Bath Apartment1BR,1BA$895
Silos at Ellis CrossingApartment Style- 1 Bedroom 1 Bathroom1BR,1BA$900
LEXINGTON ESTATESOpen concept living with walk-out patio/balcony...1BR,1BA$960
Regency Place Apartments - New Leasing Incentives!2bd1ba 1000sf2BR,1BA$1,003
Edgewood Apartments1 Bedroom 1 Bathroom1BR,1BA$1,020
West Briar Commons1 Bedroom / 1 Bathroom1BR,1BA$1,050

Best Value Apartments for Rent in Parker, SD and Nearby

As of May 21, 2026 the best value apartment in the Parker area is the $1.12 price per square foot 3 Bedroom 2.5 Bathroom Townhome Model at 29 Flats in the in the Southwest Sioux Falls neighborhood starting from $1,815. The second greatest value Parker apartment is the 3 Bedroom 2.5 Bathroom Model at 85 Commons starting at $1,630 with a $1.26 price per square foot . Here is today’s list of the best values for Parker apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
29 Flats3 Bedroom 2.5 Bathroom Townhome3BR,2.5BA$1.12
85 Commons3 Bedroom 2.5 Bathroom3BR,2.5BA$1.26
41st Street Commonsc13BR,2BA$1.18
Saddle Creek Townhomes - New Leasing Incentives !2bd2ba2BR,2BA$1.06
Boulder Creek Apartments2bd/2ba Remodel2BR,2BA$1.18
Regency Place Apartments - New Leasing Incentives!2bd1ba 1000sf2BR,1BA$1.00
Pheasant View Apartments2 BD UPPER UNIT LAYOUT2BR,1BA$0.91
Hillcrest Heights Apartments2 Bedroom 2 Bathroom Apartment2BR,2BA$1.20
Westview Heights Apartments, LLC2Bed/2Bath2BR,2BA$1.26
Forty One Flats1 Bedroom 1 Bathroom1BR,1BA$0.85

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 Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Parker, SD Rentals by Map

Decorative image of map

See the most popular apartments and homes in Parker, SD

View Map
Parker, SD Apartments Map
View Map
Parker, SD Rental Homes Map

Frequently Asked Questions about Cheap Parker Apartments

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

The lowest price for a Cheap One Bedroom Parker Apartment is $510 at Forty One Flats.

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

Today's best deal for a Cheap Two Bedroom Apartment in Parker is starting from $612 at Forty One Flats.

What is the most affordable Parker Three Bedroom Apartment?

The best deal on a cheap Parker Three Bedroom Apartment rental is at Maple Pass Apartments and Townhomes in Hartford, SD and starts from $1,295.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.