Cheap Apartments for Rent in Sioux Falls, SD from $300 (238 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-50, Page 1 of 5

Sioux Falls, SD Local Guide

Photo of Staff Writer - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Sioux Falls, SD

Pricing Updated: 12/18/2025

Current apartment rentals in the Sioux Falls, SD area range in price from $399 to $4,400 with an overall median price of $1,451. The three Sioux Falls neighborhoods with the lowest median rent pricing are Empire Mall at $499, East Sioux Falls at $546, and Western Mall at $585. 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$1,060$49992
East Sioux Falls$1,191$54650
Western Mall$1,325$585399
Southwest Sioux Falls$1,347$499157
Prairie Tree$1,350$631191
Northwest Sioux Falls$1,426$585358
Crown Pointe$1,475$615340
Central Sioux Falls$1,500$615140
Mystic Meadows$1,500$399341
Northeast Sioux Falls$1,620$546250

Cheapest Available Sioux Falls Apartments for Rent

 

The cheapest available apartment rental in Sioux Falls, SD is a 2 Beds unit found at Briarwood Apartments in the Mystic Meadows neighborhood priced from $399. YMCA in the Central Sioux Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $408. Here is today’s list of the most affordable Sioux Falls apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Briarwood Apartments2 BEDROOM2BR,1BA$399
YMCA1 Bedroom / 1 Bathroom1BR,1BA$408
Technology Heights Apartments1 Bedroom / 1 Bathroom1BR,1BA$471
Taylor's Place ApartmentsHOLIDAYS ARE RINGING IN THIS SPECTACULAR DEAL! ...1BR,1BA$500
Arnold's Park Apartments1BR $500 2 BR $600 !!! Deposit same as rent1BR,1BA$500
Irving Center Apartments1 Bedroom 1 Bathroom1BR,1BA$544
Timbercreek (TIM1908)$677 MONTHLY RENT!!! GARAGES AVAILABLE!! FREE!!!1BR,1BA$550
Kenwood Manor ApartmentsStudioStudio,1BA$585
Midtown Heights2 Bedroom 1 Bathroom2BR,1BA$594
Falls View ApartmentsRushmoreStudio,1BA$599

Best Value Apartments for Rent in Sioux Falls, SD

As of December 18, 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 3 Bedroom A Model at Oakwood Estates starting at $891 with a $0.80 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$0.64
Oakwood Estates3 Bedroom A3BR,1BA$0.80
Cathy Ave Apartments2BR/1.5BA2BR,1.5BA$0.80
Lacey Village Townhomes2 Bedroom Apartment2BR,1BA$0.65
Trinity Point2 Bedrooms / 1 Bathroom2BR,1BA$0.75
Briarwood Apartments2 BEDROOM2BR,1BA$0.40
Midtown Heights2 Bedroom 1 Bathroom2BR,1BA$0.66
Arnold's Park Apartments2 Bed | 1 Bath Apartment – Only $600/month!2BR,1BA$0.77
YMCA1 Bedroom / 1 Bathroom1BR,1BA$0.56
Timbercreek (TIM1908)$677 MONTHLY RENT!!! GARAGES AVAILABLE!! FREE!!!1BR,1BA$0.79

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Sioux Falls, SD Rentals by Map

Decorative image of map

See the most popular apartments and homes in Sioux Falls, SD

View Map
Sioux Falls, SD Apartments Map
View Map
Sioux Falls, SD Rental Homes Map

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.

Sioux Falls, SD Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

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 $599.

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 $1,451.

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 120 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 $439 which is $1,012 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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!