
Apartments for Rent in Sioux Falls, SD Under $500 (11 Rentals)


Olive Grove Apartments

Trinity Point

The Grove at Ellis Crossing

Roseland Heights
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

The Residences At Greenway

Vineyard Heights Apartments

Red Oak Senior Apartments

YMCA

Split Rock Apartments
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.

Brandon Heights I & II
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 Under $500 | $907 | $546 | $1,850 |
| Sioux Falls 1 Bedroom Apartments Under $500 | $1,042 | $595 | $2,475 |
| Sioux Falls 2 Bedroom Apartments Under $500 | $1,286 | $725 | $4,526 |
| Sioux Falls 3 Bedroom Apartments Under $500 | $1,656 | $819 | $5,000 |
| Sioux Falls 4 Bedroom Apartments Under $500 | $2,050 | $1,485 | $2,849 |
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Sioux Falls, SD Local Guide
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Real 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.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 Sioux Falls
How much are Studio apartments in Sioux Falls?
There are currently 91 Studio Apartments in Sioux Falls with rent ranges from $546 to $1,850 with an average price of $907.
What is the current price range for One Bedroom Sioux Falls Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Sioux Falls ranges from $595 to $2,475 with an average monthly rent of $1,042.
What does renting a Two Bedroom Apartment in Sioux Falls cost?
The monthly rent prices of Two Bedroom Apartments currently available in Sioux Falls range from $725 to $4,526. Today's average rental price for Two Bedrooms here is $1,286.
How expensive are Sioux Falls Three Bedroom Apartments?
There are currently 229 Three Bedroom Apartments listings available in Sioux Falls on ApartmentHomeLiving.com. The pricing ranges from $819 to $5,000 - averaging $1,656 for the location.
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.

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.