Cheap Apartments for Rent in Sioux Falls, SD from $300 (268 Rentals)

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property at 817 W 11th St

817 W 11th St

Sioux FallsSD57104

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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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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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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Sioux Falls, SD Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Sioux Falls, SD

Pricing Updated: 07/30/2025

Current apartment rentals in the Sioux Falls, SD area range in price from $500 to $5,418 with an overall median price of $1,606. The three Sioux Falls neighborhoods with the lowest median rent pricing are Empire Mall at $699, East Sioux Falls at $546, and Southwest Sioux Falls at $699. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Sioux Falls Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Empire Mall$1,088$69991
East Sioux Falls$1,126$54637
Southwest Sioux Falls$1,180$69992
Prairie Tree$1,330$699112
Western Mall$1,392$699321
Northwest Sioux Falls$1,425$500314
Mystic Meadows$1,500$546219
Crown Pointe$1,549$665228
Central Sioux Falls$1,574$600160
Southeast Sioux Falls$1,691$665245

Cheapest Available Sioux Falls Apartments for Rent

 

The cheapest available apartment rental in Sioux Falls, SD is a 1 Bed unit found at YMCA in the Central Sioux Falls neighborhood priced from $408. Technology Heights Apartments in the Northwest Sioux Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $471. Here is today’s list of the most affordable Sioux Falls apartments for rent:

Apartment ListingModel NameBed/BathPriced From
YMCA1 Bedroom / 1 Bathroom1BR,1BA$408
Technology Heights Apartments1 Bedroom / 1 Bathroom1BR,1BA$471
Arnold's Park Apartments1BR $500// 2BR $600!! Deposit same as rent1BR,1BA$500
Taylor's Place ApartmentsRent today for only $550!!!1BR,1BA$550
Turning LeafDON'T MISS OUT ON THIS HOT SIZZLIN SUMMER DEAL!...1BR,1BA$550
Norton Estates2/1.52BR,1BA$597
Forty One Flats2 Bedroom 2 Bathroom2BR,2BA$612
Midtown Heights1 Bedroom 1 Bathroom1BR,1BA$642
Cedar House Apartments1 BEDROOM B1BR,1BA$650
Legacy Village ApartmentsOne Bedroom B1BR,1BA$650

Best Value Apartments for Rent in Sioux Falls, SD

As of July 30, 2025 the best value apartment in the Sioux Falls area is the $0.64 price per square foot 3 Bedrooms / 2 Bathrooms Model at Minnesota Apartments in the in the Northeast Sioux Falls neighborhood starting from $801. The second greatest value Sioux Falls apartment is the Three Bedroom Model at Horizon Apartments starting at $655 with a $0.57 price per square foot in the Northeast Sioux Falls neighborhood. Here is today’s list of the best values for Sioux Falls apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Minnesota Apartments3 Bedrooms / 2 Bathrooms3BR,2BA$0.64
Horizon ApartmentsThree Bedroom3BR,2BA$0.57
Oakwood Estates3 Bedroom A3BR,1BA$0.79
Sandy Creek (SAN320N)Sandy Creek Apartments 3 Bedroom 2 Bath3BR,2BA$0.64
Norton Estates2/1.52BR,1.5BA$0.69
Taylor's Place ApartmentsRent today for only $550!!!1BR,1BA$0.69
Forty One Flats2 Bedroom 2 Bathroom2BR,2BA$0.77
Arnold's Park Apartments1BR $500 2 BR $600 !!! Deposit same as rent2BR,1BA$0.77
YMCA1 Bedroom / 1 Bathroom1BR,1BA$0.56
Technology Heights Apartments1 Bedroom / 1 Bathroom1BR,1BA$0.66

Quick Rent Budget Calculator

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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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Sioux Falls Overview

If you’re looking for apartments in Sioux Falls, SD, you’re looking in a wonderful midwestern American city. From arts to festivals to parks, there is never a lack of something to do in Sioux Falls. There are many opportunities to explore history and culture in this city that boasts a small town atmosphere. Compared to many other American cities, commuters living in Sioux Falls apartments face an easy and stress-free commute. Known for being in the “Heart of America,” Sioux Falls is the perfect city whether you’re looking to raise your family, build your career, or settle down and retire.

Why live in Sioux Falls, SD?

Why not Sioux Falls? It boasts a perfect combination of small town and big city. Sioux Falls is big enough to offer many opportunities, while not being as overwhelming as big cities can be. The small town feel provides a great environment to raise a family. Located in the heart of America, Sioux Falls is also within driving distance of many major U.S.cities and landmarks, but with parks, restaurants, shopping, sports, museums, and more, you may never even want to leave.

Pet Friendly Lifestyle
Sioux Falls, SD

Ranked #1

Among cities in South Dakota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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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Getting Around Sioux Falls, SD

Walk Score®

47 / 100

Car-Dependent

Most errands require a car

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

19 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $650.

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

The cheapest apartment in Sioux Falls is YMCA which is listed at $408, while the average apartment in Sioux Falls costs $1,606.

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 84 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 $533 which is $1,073 cheaper than the average rent for all rentals in Sioux Falls.

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.