Cheap 2 Bedroom Apartments for Rent in Sioux Falls, SD from $399 (107 Rentals)

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Penbrooke Place
Rent Specials
$757 - $978
Total Monthly Price

Total Monthly Price

Base Rent
$645 - $1,418
Required Monthly Fees
$88
Total Monthly Price
$733 - $1,506
2 Bedroom Apartments Available Now

Penbrooke Place

4100 W Valhalla BlvdSioux Falls, SD 57106
Active Lifestyle
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  • Customer Reviewed
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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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1700 E 12th St, Unit 3
$795
Total Monthly Price

Total Monthly Price

Base Rent
$795
Total Monthly Price
$795
2 Bedroom Apartment Available Apr 1

1700 E 12th St, Unit 3

1700 E 12th StSioux Falls, SD 57103
Affordability
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The Oaks Apartments
Rent Specials
$850 - $900
Total Monthly Price

Total Monthly Price

Base Rent
$684 - $885
Required Monthly Fees
$15
Total Monthly Price
$699 - $900
2 Bedroom Apartments Contact Us For Availability

The Oaks Apartments

4008 S Louise AveSioux Falls, SD 57106
Affordability
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  • Customer Reviewed
  • 3D Tour

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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Autumn Park
Rent Specials
$875 - $970
Total Monthly Price

Total Monthly Price

Base Rent
$746 - $1,423
Required Monthly Fees
$79
Total Monthly Price
$825 - $1,502
2 Bedroom Apartments Available Now

Autumn Park

4401 W Valhalla BlvdSioux Falls, SD 57106
Active Lifestyle
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Pinehurst Apartments
Rent Specials
$888 - $1,003
Total Monthly Price

Total Monthly Price

Base Rent
$809 - $948
Required Monthly Fees
$55
Total Monthly Price
$864 - $1,003
2 Bedroom Apartments Available Now

Pinehurst Apartments

3430 S Sheldon LnSioux Falls, SD 57105
Cost Per Sq.Ft.
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  • Utilities Included
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Roseland Heights
2 Bedroom Apartments

Roseland Heights

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

Brooks Townhomes

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

Jefferson Village

4107 W Innovation StSioux Falls, SD 57107
  • Utilities Included
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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
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Sioux Falls, SD Local Guide

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 Sioux Falls, SD Rentals by Map

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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 $656.

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

The cheapest apartment in Sioux Falls is Jefferson Village which is listed at $585, while the average apartment in Sioux Falls costs $1,551.

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 103 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 $776 which is $775 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

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

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.