Cheap Apartments for Rent in Parker, SD from $500 (10 Rentals)

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

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.

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Forty One Flats
1 to 4 Bedroom Apartments

Forty One Flats

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

5401 W 56th St

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Parker, SD Local Guide

Cheapest Available Parker Apartments for Rent and Nearby

 

The cheapest available apartment rental in Parker, SD is a 2 Beds unit found at Forty One Flats priced from $612. Sunset Villas Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $815. Here is today’s list of the most affordable Parker apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Forty One Flats2 Bedroom 2 Bathroom2BR,2BA$612
Sunset Villas Apartments1 Bed 1 Bath Apartment1BR,1BA$815
Pheasant View Apartments1 BEDROOM1BR,1BA$825

Best Value Apartments for Rent in Parker, SD and Nearby

As of June 01, 2025 the best value apartment in the Parker area is the $1.20 price per square foot Upper Apartment Model at Fifth Street Apartments & Townhouses in the starting from $1,450. The second greatest value Parker apartment is the 2bd2ba Model at Saddle Creek Townhomes starting at $1,195 with a $1.06 price per square foot in the Southwest Sioux Falls neighborhood. 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.
Fifth Street Apartments & TownhousesUpper Apartment3BR,2BA$1.20
Saddle Creek Townhomes2bd2ba2BR,2BA$1.06
Boulder Creek Townhomes2bd2ba2BR,2BA$1.08
West Briar Commons2 Bedrooms / 1 Bathroom2BR,1BA$1.09
West Briar Estates2 Bedroom 1 Bath2BR,1BA$1.01
Roosevelt Estates of Sioux Falls2 Bedroom2BR,1BA$1.13
Park Place Condominiums2 BEDROOM A2BR,1BA$1.14
Pheasant View Apartments1 BEDROOM1BR,1BA$0.98
Forty One Flats2 Bedroom 2 Bathroom2BR,2BA$0.77
Maple Pass Apartments & Townhomes1 Bed 1 Bath Apartment1BR,1BA$1.21

Quick Rent Budget Calculator

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

Explore Parker, SD Rentals by Map

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See the most popular apartments and homes in Parker, SD

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Getting Around Parker, SD

Walk Score®

28 / 100

Car-Dependent

Most errands require a car

Bike Score®

33 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $820 at Sunset Villas Apartments.

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 Pheasant View Apartments and starts from $949.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.