Cheap Apartments for Rent in Sioux Falls, SD from $300 (286 Rentals)

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

property at 1328 E 3rd St

$500 - $750

Studio To 1 Bedroom Rentals

Available Now

1328 E 3rd St

Sioux FallsSD57103
property at 817 W 11th St

$499 - $635

Studio To 1 Bedroom Rentals

Available Now

817 W 11th St

Sioux FallsSD57104

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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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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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: 08/11/2026

Current apartment rentals in the Sioux Falls, SD area range in price from $500 to $5,000 with an overall median price of $1,137. The three Sioux Falls neighborhoods with the lowest median rent pricing are Empire Mall at $915, East Sioux Falls at $950, and Southwest Sioux Falls at $1,011. 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$915$718129
East Sioux Falls$950$54629
Southwest Sioux Falls$1,011$718147
Western Mall$1,049$695259
Prairie Tree$1,115$718212
Northwest Sioux Falls$1,141$62576
Crown Pointe$1,165$665266
Mystic Meadows$1,195$546259
Southeast Sioux Falls$1,199$665296
Central Sioux Falls$1,205$62537

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. Jefferson Village in the Northwest Sioux Falls neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $585. 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
Jefferson Village2 Bedroom 1 Bathroom2BR,1BA$585
Norton Estates2/1.52BR,1BA$597
Ridgeview Place Apartments0BR/1.0BAStudio,1BA$599
Turning LeafBeautiful Beginnings at Turning Leaf: 1 Bedroom...1BR,1BA$600
Midtown Heights2 Bedroom 1 Bathroom2BR,1BA$630
Falls View ApartmentsRushmoreStudio,1BA$648
Parkway ApartmentsStudioStudio,1BA$665
Horizon ApartmentsThree Bedroom3BR,2BA$668
111 N Cleveland AveCedar House - 671 Sq Ft Layout1BR,1BA$675

Best Value Apartments for Rent in Sioux Falls, SD

As of August 11, 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 3 Bedroom Large Model at Oakwood Estates starting at $1,049 with a $0.87 price per square foot in the Southwest 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
Oakwood Estates3 Bedroom Large3BR,2BA$0.87
Riverview Apartments2 Bedroom 1 Bathroom2BR,1BA$0.80
Horizon ApartmentsThree Bedroom3BR,2BA$0.59
Diplomat Apartments2BR/1.5BA2BR,1.5BA$0.81
Kings Kourt Apartments2 Bedroom 1 Bathroom with deck2BR,1BA$0.80
Midtown Heights2 Bedroom 1 Bathroom2BR,1BA$0.70
Norton Estates2/1.52BR,1.5BA$0.69
Hidden HillsSPRING INTO SUMMER WITH SPECTACULAR SAVINGS! 1 ...1BR,1BA$0.89
EastPark ApartmentsOne Bedroom One Bath1BR,1BA$0.77

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 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 $675.

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

The cheapest apartment in Sioux Falls is EastPark Apartments which is listed at $515, while the average apartment in Sioux Falls costs $1,137.

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 60 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 $1,053 which is $84 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 Expert's 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.