Cheap Apartments for Rent in Philip, SD from $400 (40 Rentals)

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

property at 1614 Custer St

$825

Total Monthly Price

Total Monthly Price

Base Rent
$825
Total Monthly Price
$825

1 Bedroom, 1 Bath Home for Rent

Available Now

1614 Custer St

Rapid CitySD57701

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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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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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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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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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
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KC Lofts
1 to 2 Bedroom Apartments

KC Lofts

18 E Kansas City StRapid City, SD 57701
Corporate Housing

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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Showing Results 1-40, 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 1 Bed unit found at Missouri View Apartments priced from $499. LaCrosse Estates Apartment Homes in the Downtown Rapid City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $886. Here is today’s list of the most affordable Philip apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Missouri View Apartments1 BD, 1 BA Layout1BR,1BA$499
LaCrosse Estates Apartment HomesAPRIL SHOWERS BROUGHT MAY RENT FREE! $500 DEPOS...1BR,1BA$886
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$900
Enchanted PinesStudioStudio,1BA$950
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
Freedom LandingStudioStudio,1BA$1,000
Johnson Ranch ApartmentsStudioStudio,1BA$1,000

Best Value Apartments for Rent in Philip, SD and Nearby

As of May 02, 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 $1,700 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
Antelope RidgeDakota Acres 2 Bed2BR,1.5BA$1.31
The Place at Estes ParkTwo Bed Two Bath2BR,2BA$1.03
Gateway Apartments2 Bedroom2BR,2BA$1.44
Vista Pointe Apartments2-Bed 1 Bath2BR,1BA$1.32
The Pines at Rapid1/11BR,1BA$1.32
Orchard MeadowsOne Bedroom1BR,1BA$1.33
Missouri View Apartments2 BEDROOM LAYOUT2BR,1BA$1.33
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$1.22

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

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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 Enchanted Pines listed at $950.

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 $995 at The Place at Estes Park.

What is the most affordable Philip Three Bedroom Apartment?

The best deal on a cheap Philip Three Bedroom Apartment rental is at Missouri View Apartments and starts from $899.

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.