Cheap Apartments for Rent in Philip, SD from $400 (4 Rentals)

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

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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Tower Heights
Studio to 2 Bedroom Apartments

Tower Heights

847 Tower RdBox Elder, SD 57719

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.

Philip, SD Local Guide

Best Value Apartments for Rent in Philip, SD and Nearby

As of September 09, 2025 the best value apartment in the Philip area is the $1.22 price per square foot 3/2 Model at The Pines at Rapid in the starting from $1,699. The second greatest value Philip 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 Philip apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Pines at Rapid3/23BR,2BA$1.22
Stonegate Community3 Beds, 2 baths3BR,2BA$1.27
Boulder Creek ApartmentsBoulder Two Bedroom2BR,2BA$1.13
Lancer Court Apartments2 Bed / 2 Bath2BR,2BA$1.29
Prairie Vista Apartments1702 Abbey Road - 1222BR,2BA$1.01
Mountain View Village1/11BR,1BA$1.40
Bridgewood EstatesOpen living space + spacious master1BR,1BA$1.18
Fox Run Apartments1 Bed - 1 Bath1BR,1BA$1.47
The Place at Estes ParkOne Bed One Bath1BR,1BA$1.38
Riverview Apartments1 Bed 1 Bath Apartment1BR,1BA$1.34

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

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Getting Around Philip, SD

Walk Score®

28 / 100

Car-Dependent

Most errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 BG Flats Apartments listed at $910.

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

The lowest price for a Cheap One Bedroom Philip Apartment is $644 at Riverview 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 $945 at Prairie Vista Apartments.

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 $1,205.

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 Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.