Cheap New Apartments for Rent in Sioux Falls, SD from $300 (58 Rentals)

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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.

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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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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.

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Red Oak Senior Apartments
Built in 20171 to 3 Bedroom Apartments

Red Oak Senior Apartments

5760 E Red Oak DrSioux Falls, SD 57110
Senior Living
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Vineyard Heights Apartments
Built in 20221 to 3 Bedroom Apartments

Vineyard Heights Apartments

6101-6115 S Vineyard AveSioux Falls, SD 57108
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Roseland Heights
Built in 20201 to 3 Bedroom Apartments

Roseland Heights

4700 E 3rd StSioux Falls, SD 57110
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Trinity Point
Built in 20181 to 3 Bedroom Apartments

Trinity Point

5450 E Blarney PlSioux Falls, SD 57110
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Midtown Heights
Built in 20181 to 3 Bedroom Apartments

Midtown Heights

2601 E 8th StSioux Falls, SD 57103
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Forty One Flats
Built in 20241 to 4 Bedroom Apartments

Forty One Flats

8701 W 41st StSioux Falls, SD 57106
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Arbor Ridge Senior Apartments
Built in 20161 to 2 Bedroom Apartments

Arbor Ridge Senior Apartments

900 S Foss AveSioux Falls, SD 57110
Senior Living
  • Utilities Included

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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Copper Pass
Built in 20191 to 3 Bedroom Apartments

Copper Pass

3630 S Sparta AveSioux Falls, SD 57110
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Jefferson Village
Built in 20221 to 3 Bedroom Apartments

Jefferson Village

4107 W Innovation StSioux Falls, SD 57107
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Ellis Estates
Built in 20152 to 3 Bedroom Apartments

Ellis Estates

2301 S Ellis RdSioux Falls, SD 57106
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Ellis Court
Built in 20151 to 2 Bedroom Apartments

Ellis Court

8712 W 32nd StSioux Falls, SD 57106
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Majestic Ridge Apartments
Built in 20201 to 3 Bedroom Apartments

Majestic Ridge Apartments

3610 S Sparta AveSioux Falls, SD 57110
  • Utilities Included

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

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

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.

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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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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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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

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

Explore Sioux Falls, SD Rentals by Map

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

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Sioux Falls, SD Area Reviews

  • Parks
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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 $638.

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 $1,495.

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 157 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 $404 which is $1,091 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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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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.