
Cheap Senior Apartments for Rent in Sioux Falls, SD from $300 (15 Rentals)
Senior Living Rental Options.
Cheap Apartments in Sioux Falls.


Red Oak Senior Apartments

The Residences At Greenway

Olive Grove Apartments

Arbor Ridge Senior Apartments
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.

Bergeland Apartments Senior Community

West Creek Woods Senior Community

Carriage Hill

Pettigrew & Cathedral Heights - Senior Living

Cathedral Heights Apartments
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

Cambridge Apartments 55+

Canterbury Apartments

Beadle Plaza Apartments

Western Heights Apartments

Split Rock Apartments
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.
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 | $908 | $546 | $1,850 |
| Sioux Falls 1 Bedroom Apartments | $1,045 | $550 | $2,475 |
| Sioux Falls 2 Bedroom Apartments | $1,296 | $775 | $4,526 |
| Sioux Falls 3 Bedroom Apartments | $1,642 | $895 | $5,000 |
| Sioux Falls 4 Bedroom Apartments | $1,977 | $1,475 | $2,849 |
Explore Sioux Falls

Sioux Falls, SD Local Guide
- Sioux Falls Neighborhoods
- Nearby Cities
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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 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 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

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.

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.

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.

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.