Cheap Apartments for Rent in Sioux Falls, SD from $300 (211 Rentals)

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

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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property at 815 W 11th St

$725

1 To 2 Bedroom Rentals

Available Now

815 W 11th St

Sioux FallsSD57104

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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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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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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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: 05/13/2026

Current apartment rentals in the Sioux Falls, SD area range in price from $595 to $4,000 with an overall median price of $2,557. The three Sioux Falls neighborhoods with the lowest median rent pricing are Downtown Sioux Falls at $849, Empire Mall at $1,100, and Western Mall at $1,100. 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
Downtown Sioux Falls$1,600$8496
Empire Mall$1,650$1,1008
Western Mall$1,837$1,1008
Southwest Sioux Falls$1,950$1,1007
Prairie Tree$2,037$1,10010
Northwest Sioux Falls$2,065$59525
East Sioux Falls$2,499$1,2952
Central Sioux Falls$2,700$59518
Crown Pointe$3,400$1,15015
Mystic Meadows$3,600$1,39511

Cheapest Available Sioux Falls Apartments for Rent

 

The cheapest available apartment rental in Sioux Falls, SD is a 1 Bed unit found at EastPark Apartments in the East Sioux Falls neighborhood priced from $515. Midtown Heights in the East Sioux Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $515. Here is today’s list of the most affordable Sioux Falls apartments for rent:

Apartment ListingModel NameBed/BathPriced From
EastPark ApartmentsOne Bedroom One Bath1BR,1BA$515
Midtown Heights1 Bedroom 1 Bathroom1BR,1BA$515
The Grove at Ellis Crossing2 Bedroom 1 Bathroom2BR,1BA$568
Kenwood Manor ApartmentsStudioStudio,1BA$595
Falls View ApartmentsRushmoreStudio,1BA$599
Ridgeview Place Apartments0BR/1.0BAStudio,1BA$599
Taylor's Place ApartmentsFind Your New Home: Exclusive Pricing – While U...1BR,1BA$600
Arnold's Park ApartmentsMAY IS FREE!!!1BR,1BA$600
Forty One Flats2 Bedroom 1 Bathroom2BR,2BA$612
Timbercreek (TIM1908)$649 MONTHLY RENT!!! New Year Special!1BR,1BA$649

Best Value Apartments for Rent in Sioux Falls, SD

As of May 13, 2026 the best value apartment in the Sioux Falls area is the $0.65 price per square foot 3 Bedrooms / 2 Bathrooms Model at Minnesota Apartments in the in the Northeast Sioux Falls neighborhood starting from $817. The second greatest value Sioux Falls apartment is the 2BR/1.5BA Model at West Lake starting at $895 with a $0.78 price per square foot in the Northwest 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$0.65
West Lake2BR/1.5BA2BR,1.5BA$0.78
The Whitney2bd1ba2BR,1BA$0.83
1804 S. STEPHEN AVE.2BR/1.5BA2BR,1.5BA$0.79
Cathy Ave Apartments2BR/1.5BA2BR,1.5BA$0.80
Taylor's Place ApartmentsFind Your New Home: Exclusive Pricing – While U...1BR,1BA$0.75
Forty One Flats2 Bedroom 1 Bathroom2BR,2BA$0.77
The Grove at Ellis Crossing2 Bedroom 1 Bathroom2BR,1BA$0.71
EastPark ApartmentsOne Bedroom One Bath1BR,1BA$0.77
Midtown Heights1 Bedroom 1 Bathroom1BR,1BA$0.81

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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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.

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 the Cheapest Studio apartment in Sioux Falls?

Currently the most affordable Cheap Studio Apartment in Sioux Falls is at Kenwood Manor Apartments listed at $595.

How much is rent for a Cheap One Bedroom Sioux Falls Apartment?

The lowest price for a Cheap One Bedroom Sioux Falls Apartment is $510 at Forty One Flats.

What is the lowest price for a Cheap Two Bedroom Sioux Falls Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Sioux Falls is starting from $568 at The Grove at Ellis Crossing.

What is the most affordable Sioux Falls Three Bedroom Apartment?

The best deal on a cheap Sioux Falls Three Bedroom Apartment rental is at Minnesota Apartments and starts from $817.

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.

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.