Cheap Apartments for Rent in the Downtown Sioux Falls Neighborhood of Sioux Falls, SD from $300 (26 Rentals)

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

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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YMCA
1 to 3 Bedroom Apartments

YMCA

230 S Minnesota AveSioux Falls, SD 57104

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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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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703 S Dakota Ave
2 Bedroom Apartments

703 S Dakota Ave

703 S Dakota AveSioux Falls, SD 57104
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The Edge On Main
1 to 2 Bedroom Apartments

The Edge On Main

638 S Main AveSioux Falls, SD 57104
  • Utilities Included
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Downtown Sioux Falls, Sioux Falls, SD Local Guide

Cheapest Available Downtown Sioux Falls Apartments for Rent

 

The cheapest available apartment rental in the Downtown Sioux Falls area of Sioux Falls, SD is a 1 Bed unit found at Falls View Apartments priced from $749. River Tower Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $824. Here are the most affordable Downtown Sioux Falls apartments for rent in Sioux Falls, SD:

Apartment ListingModel NameBed/BathPriced From
Falls View ApartmentsOlympic1BR,1BA$749
River Tower Apartments1 Bedroom / 1 Bathroom1BR,1BA$824
Pinnacle Point Apartments1 Bedroom 1 Bathroom Apartment (C)1BR,1BA$895
YMCA3 Bedrooms / 2 Bathrooms3BR,2BA$907
City Center Apartments1 501BR,1BA$960
The Cascade at The Steel DistrictThe BettieStudio,1BA$975
The One2StudioStudio,1BA$1,018
The Dakota Flats at Cherapa PlaceMicro StudioStudio,1BA$1,100

Best Value Apartments for Rent in Downtown Sioux Falls, SD

As of June 20, 2025 the best value apartment in the Downtown Sioux Falls area is the $0.74 price per square foot 3 Bedrooms / 2 Bathrooms Model at YMCA in the in the Central Sioux Falls neighborhood starting from $907. The second greatest value Downtown Sioux Falls apartment is the 2 Bedrooms / 2 Bathrooms Model at Larson Square Lofts starting at $1,830 with a $1.68 price per square foot in the Northeast Sioux Falls neighborhood. Here is today’s list of the best values for Downtown Sioux Falls apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
YMCA3 Bedrooms / 2 Bathrooms3BR,2BA$0.74
Larson Square Lofts2 Bedrooms / 2 Bathrooms2BR,2BA$1.68
Prescott Place Apartments, LLC2Bed/2Bath2BR,2BA$1.48
The Residences at Security National1Bed/1Bath1BR,1BA$1.34
Uptown Exchange Lofts1 Bedroom 1 Bathroom1BR,1BA$1.67
Third Avenue LoftsAspire1BR,1BA$1.62
608 S 2nd Ave, Unit 2608 S 2nd Ave2BR,1BA$1.00
Pinnacle Point Apartments1 Bedroom 1 Bathroom Apartment (C)1BR,1BA$1.36
City Center Apartments1 601BR,1BA$1.65
Falls View ApartmentsOlympic1BR,1BA$1.43

Quick Rent Budget Calculator

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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
Downtown Sioux Falls, Sioux Falls, SD

Ranked #10

Among neighborhoods in Sioux Falls, SD for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Downtown Sioux Falls Neighborhood in Sioux Falls, SD

Walk Score®

83 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

79 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

35 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Downtown Sioux Falls Apartments

What is the Cheapest Studio apartment in Downtown Sioux Falls?

Currently the most affordable Cheap Studio Apartment in Downtown Sioux Falls is at The Cascade at The Steel District listed at $975.

How much is rent for a Cheap One Bedroom Downtown Sioux Falls Apartment?

The lowest price for a Cheap One Bedroom Downtown Sioux Falls Apartment is $749 at Falls View Apartments.

What is the lowest price for a Cheap Two Bedroom Downtown Sioux Falls Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Sioux Falls is starting from $1,215 at Pinnacle Point Apartments.

What is the most affordable Downtown Sioux Falls Three Bedroom Apartment?

The best deal on a cheap Downtown Sioux Falls Three Bedroom Apartment rental is at YMCA and starts from $907.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.