Cheap Apartments for Rent in Sioux Falls, SD from $300 (221 Rentals)

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

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Falls View Apartments
$599 - $648
Total Monthly Price

Total Monthly Price

Base Rent
$587 - $636
Required Monthly Fees
$12
Total Monthly Price
$599 - $648
Studio to 1 Bedroom Apartments Available Now

Falls View Apartments

309 W 2nd StSioux Falls, SD 57104
Affordability
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  • Customer Reviewed
  • Utilities Included
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817 W 11th St, Unit #4
$635
Total Monthly Price

Total Monthly Price

Base Rent
$635
Total Monthly Price
$635
Studio Apartment Available Now

817 W 11th St, Unit #4

817 W 11th StSioux Falls, SD 57104
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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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The Oaks Apartments
Rent Specials
$699 - $900
Total Monthly Price

Total Monthly Price

Base Rent
$684 - $885
Required Monthly Fees
$15
Total Monthly Price
$699 - $900
Studio to 2 Bedroom Apartments Available Now

The Oaks Apartments

4008 S Louise AveSioux Falls, SD 57106
Affordability
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  • Customer Reviewed
  • 3D Tour

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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property at 815 W 11th St

$725 - $750

1 To 2 Bedroom Rentals

Available Now

815 W 11th St

Sioux FallsSD57104
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Penbrooke Place
Rent Specials
$733 - $1,506
Total Monthly Price

Total Monthly Price

Base Rent
$645 - $1,418
Required Monthly Fees
$88
Total Monthly Price
$733 - $1,506
1 to 3 Bedroom Apartments Available Now

Penbrooke Place

4100 W Valhalla BlvdSioux Falls, SD 57106
Active Lifestyle
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  • Customer Reviewed
  • 3D Tour

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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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1700 E 12th St, Unit 3
$795
Total Monthly Price

Total Monthly Price

Base Rent
$795
Total Monthly Price
$795
2 Bedroom Apartment Available Apr 1

1700 E 12th St, Unit 3

1700 E 12th StSioux Falls, SD 57103
Affordability
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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: 03/28/2026

Current apartment rentals in the Sioux Falls, SD area range in price from $399 to $4,400 with an overall median price of $1,551. The three Sioux Falls neighborhoods with the lowest median rent pricing are East Sioux Falls at $546, Crown Pointe at $705, and Empire Mall 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
East Sioux Falls$1,195$54630
Crown Pointe$1,457$705321
Empire Mall$1,475$69993
Southwest Sioux Falls$1,475$699127
Western Mall$1,475$595297
Prairie Tree$1,477$699203
Northwest Sioux Falls$1,590$595243
Northeast Sioux Falls$1,625$546195
Southeast Sioux Falls$1,625$705362
Mystic Meadows$1,640$399345

Cheapest Available Sioux Falls Apartments for Rent

 

The cheapest available apartment rental in Sioux Falls, SD is a 1 Bed unit found at Forty One Flats priced from $510. 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
Forty One Flats1 Bedroom 1 Bathroom1BR,1BA$510
Midtown Heights1 Bedroom 1 Bathroom1BR,1BA$515
Bella Sierra Apartments1 bedroom1BR,1BA$576
Jefferson Village2 Bedroom 1 Bathroom2BR,1BA$585
Kenwood Manor ApartmentsStudioStudio,1BA$595
Falls View ApartmentsRushmoreStudio,1BA$599
Timbercreek (TIM1908)$649 MONTHLY RENT!!! New Year Special!1BR,1BA$649
Meadowbrook ApartmentsEfficiencyStudio,1BA$650
Albert HouseStudioStudio,1BA$650
YMCA2 Bedrooms 1 Bathroom2BR,1BA$656

Best Value Apartments for Rent in Sioux Falls, SD

As of March 28, 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 Bedrooms 2 Bathrooms Model at YMCA starting at $943 with a $0.76 price per square foot in the Central 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
YMCA3 Bedrooms 2 Bathrooms3BR,2BA$0.76
Horizon ApartmentsThree Bedroom3BR,2BA$0.59
Oakwood Estates3 Bedroom A3BR,1BA$0.79
The Whitney2bd1ba2BR,1BA$0.85
Marion Park II Apartments2BR/1.0BA2BR,1BA$0.78
Cathy Ave Apartments2BR/1.5BA2BR,1.5BA$0.80
Jefferson Village2 Bedroom 1 Bathroom2BR,1BA$0.74
Midtown Heights1 Bedroom 1 Bathroom1BR,1BA$0.81
Forty One Flats1 Bedroom 1 Bathroom1BR,1BA$0.85

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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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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 $656.

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

The cheapest apartment in Sioux Falls is Forty One Flats which is listed at $510, while the average apartment in Sioux Falls costs $1,551.

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 103 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 $776 which is $775 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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.