Cheap Apartments for Rent in Philip, SD from $400 (50 Rentals)

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

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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Prairie Tree Apartments
$1,035 - $1,285
Total Monthly Price

Total Monthly Price

Base Rent
$1,035 - $1,285
Total Monthly Price
$1,035 - $1,285
1 to 2 Bedroom Apartments Available Aug 1

Prairie Tree Apartments

4010 Elm AveRapid City, SD 57701
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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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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.

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Tower Heights
Studio to 2 Bedroom Apartments

Tower Heights

847 Tower RdBox Elder, SD 57719
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440 N Creek Dr
2 Bedroom Apartments

440 N Creek Dr

440 N Creek DrRapid City, SD 57703

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.

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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

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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Showing Results 1-50, Page 1 of 1

Philip, SD Local Guide

Cheapest Available Philip Apartments for Rent and Nearby

 

The cheapest available apartment rental in Philip, SD is a Studio unit found at Robbinsdale Heights 1 priced from $475. Missouri View Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $499. Here is today’s list of the most affordable Philip apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Robbinsdale Heights 1Studio - InteriorStudio,1BA$475
Missouri View Apartments1 BD, 1 BA Layout1BR,1BA$499
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$900
Enchanted PinesStudioStudio,1BA$950
LaCrosse Estates Apartment HomesAPRIL SHOWERS BROUGHT MAY RENT FREE AND ROCK BO...2BR,1BA$950
BG Flats ApartmentsStudio ApartmentStudio,1BA$975
Moonlight Apartment ComplexStudioStudio,1BA$995
Vistas at Cheyenne PassStudioStudio,1BA$995
The Place at Estes ParkTwo Bed Two Bath2BR,2BA$995
Tallgrass ApartmentsAStudio,1BA$1,000

Best Value Apartments for Rent in Philip, SD and Nearby

As of June 16, 2026 the best value apartment in the Philip area is the $1.27 price per square foot 3 Beds, 2 baths Model at Stonegate Community in the starting from $1,495. The second greatest value Philip apartment is the 3 Bedroom Model at Mountain View Village starting at $1,695 with a $1.45 price per square foot . Here is today’s list of the best values for Philip apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Stonegate Community3 Beds, 2 baths3BR,2BA$1.27
Mountain View Village3 Bedroom3BR,2BA$1.45
10Bedrock ApartmentsUnit 2A (4th Floor)2BR,2BA$1.37
Antelope RidgeDakota Acres 2 Bed2BR,1.5BA$1.35
The Place at Estes ParkTwo Bed Two Bath2BR,2BA$1.03
Vista Pointe Apartments2-Bed 1 Bath2BR,1BA$1.32
LaCrosse Estates Apartment HomesAPRIL SHOWERS BROUGHT MAY RENT FREE! $500 DEPOS...3BR,1.5BA$1.62
The Pines at Rapid1/11BR,1BA$1.35
Missouri View Apartments2 BEDROOM LAYOUT2BR,1BA$1.33
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$1.22

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

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.

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

Explore Philip, SD Rentals by Map

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See the most popular apartments and homes in Philip, SD

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Frequently Asked Questions about Cheap Philip Apartments

What is the Cheapest Studio apartment in Philip?

Currently the most affordable Cheap Studio Apartment in Philip is at Robbinsdale Heights 1 listed at $475.

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

The lowest price for a Cheap One Bedroom Philip Apartment is $499 at Missouri View Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Philip is starting from $950 at LaCrosse Estates Apartment Homes.

What is the most affordable Philip Three Bedroom Apartment?

The best deal on a cheap Philip Three Bedroom Apartment rental is at Bridgewood Estates and starts from $1,245.

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 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.

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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.

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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.

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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.