
Cheap Low Income Apartments for Rent in Sioux Falls, SD from $499 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in Sioux Falls.


Stoney Creek Townhomes
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.

Hidden Valley Stables

City Center Apartments
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.
Sioux Falls, SD Local Guide

How much does it cost to rent an apartment in Sioux Falls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sioux Falls Studio Apartments | $937 | $546 | $1,950 |
| Sioux Falls 1 Bedroom Apartments | $1,040 | $499 | $2,597 |
| Sioux Falls 2 Bedroom Apartments | $1,292 | $744 | $4,526 |
| Sioux Falls 3 Bedroom Apartments | $1,592 | $599 | $5,636 |
| Sioux Falls 4 Bedroom Apartments | $1,887 | $1,250 | $2,849 |
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Sioux Falls, SD Local Guide
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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.
Read ArticleNavigating 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.
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Sioux Falls, SD Rentals by Map
See the most popular apartments and homes in Sioux Falls, SD
Sioux Falls, SD Area Reviews
Ashley • 4+ years in Sioux Falls
October 22, 2025Sioux 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 Ridgeview Place Apartments listed at $599.
How much is rent for a Cheap One Bedroom Sioux Falls Apartment?
The lowest price for a Cheap One Bedroom Sioux Falls Apartment is $515 at EastPark Apartments.
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 $499 at GEPC Properties Plex.
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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.