Cheap Apartments for Rent in Sioux Falls, SD from $300 (306 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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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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property at 3509 S West Ave

$775 - $875

1 To 2 Bedroom Rentals

Available Now

3509 S West Ave

Sioux FallsSD57105

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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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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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: 06/27/2026

Current apartment rentals in the Sioux Falls, SD area range in price from $546 to $5,000 with an overall median price of $1,952. The three Sioux Falls neighborhoods with the lowest median rent pricing are East Sioux Falls at $546, Crown Pointe at $665, and Central Sioux Falls at $635. 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
East Sioux Falls$1,340$54636
Crown Pointe$1,487$665260
Central Sioux Falls$1,500$63549
Northwest Sioux Falls$1,615$59593
Northeast Sioux Falls$1,650$546108
Empire Mall$1,833$725112
Prairie Tree$1,833$725194
Southwest Sioux Falls$1,833$725116
Western Mall$1,833$595226
Mystic Meadows$2,100$546291

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
Kenwood Manor ApartmentsStudioStudio,1BA$595
Norton Estates2/1.52BR,1BA$597
Ridgeview Place Apartments0BR/1.0BAStudio,1BA$599
Midtown Heights2 Bedroom 1 Bathroom2BR,1BA$630
Falls View ApartmentsRushmoreStudio,1BA$648
Albert HouseStudioStudio,1BA$650
Horizon ApartmentsThree Bedroom3BR,2BA$668
6 Flats Apartments1bd1ba 5851BR,1BA$694

Best Value Apartments for Rent in Sioux Falls, SD

As of June 27, 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 2 Bedroom 2 Bathroom Model at Sierra Vista Apartments starting at $987 with a $0.88 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
Sierra Vista Apartments2 Bedroom 2 Bathroom2BR,2BA$0.88
1804 S. STEPHEN AVE.2BR/1.5BA2BR,1.5BA$0.81
Hoppe Properties620 #101 and #102 - 2 BD, 1 BA2BR,1BA$0.86
115 N Covell Ave, Unit 1115 N Covell Ave3BR,1BA$0.90
Bentwood Manor ApartmentsThe Maple2BR,1BA$0.90
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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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 $694.

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 $1,952.

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 58 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 $941 which is $1,011 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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.