Cheap 2 Bedroom Apartments for Rent in Sioux Falls, SD from $721 (101 Rentals)

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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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Renting with Roommates: Realistic Expectations for Shared Lease

Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

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Roseland Heights
2 Bedroom Apartments

Roseland Heights

4700 E 3rd StSioux Falls, SD 57110
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Brooks Townhomes
2 Bedroom Apartments

Brooks Townhomes

5029 E 54th StSioux Falls, SD 57110
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Jefferson Village
2 Bedroom Apartments

Jefferson Village

4107 W Innovation StSioux Falls, SD 57107
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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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Holiday Manor
2 Bedroom Apartments

Holiday Manor

1300 W Bailey StSioux Falls, SD 57104
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Trinity Point
2 Bedroom Apartments

Trinity Point

5450 E Blarney PlSioux Falls, SD 57110
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Ellis Estates
2 Bedroom Apartments

Ellis Estates

2301 S Ellis RdSioux Falls, SD 57106
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Midtown Heights
2 Bedroom Apartments

Midtown Heights

2601 E 8th StSioux Falls, SD 57103
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YMCA
2 Bedroom Apartments

YMCA

230 S Minnesota AveSioux Falls, SD 57104

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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Sunrise Apartments
2 Bedroom Apartments

Sunrise Apartments

816-916 N Omaha AveSioux Falls, SD 57103
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Copper Pass
2 Bedroom Apartments

Copper Pass

3630 S Sparta AveSioux Falls, SD 57110
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Walter Estates
2 Bedroom Apartments

Walter Estates

3509-3601 S Willow AveSioux Falls, SD 57105
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Lakeport Village
2 Bedroom Apartments

Lakeport Village

5801 W Christopher AveSioux Falls, SD 57106
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Carriage Hill
2 Bedroom Apartments

Carriage Hill

205 W 18th StSioux Falls, SD 57104
Senior Living
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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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Sioux Falls, SD Local Guide

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 Sioux Falls, SD Rentals by Map

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See the most popular apartments and homes in Sioux Falls, SD

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Sioux Falls, SD Area Reviews

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Ashley • 4+ years in Sioux Falls

October 22, 2025

Sioux Falls is an affordable Midwestern city with lots to offer! The Downtown area has tons of local shops and restaurants, and I love visiting Falls Park in the winter. It's a great place to live!

Frequently Asked Questions about Cheap Sioux Falls Apartments

What is a cheap apartment in Sioux Falls?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Sioux Falls is under $649.

What is the price of a cheap apartment in Sioux Falls?

The cheapest apartment in Sioux Falls is The Grove at Ellis Crossing which is listed at $568, while the average apartment in Sioux Falls costs $1,587.

What types of apartments are the cheapest in Sioux Falls?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 85 regular apartments in Sioux Falls that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Sioux Falls?

Cheap apartments in Sioux Falls have an average cost of $641 which is $946 cheaper than the average rent for all rentals in Sioux Falls.

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

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Rent Smart: A Local Experts Secrets to Finding Budget Neighborhoods for Renting in Sioux Falls

Written by: Ashley White

I'm Ashley, your ApartmentHomeLiving.com Local Expert for Sioux Falls, South Dakota. I grew up in nearby Lennox and went to Augustana University.

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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.

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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.

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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.