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$599 - $648
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$587 - $636
Required Monthly Fees
$12
Total Monthly Price
$599 - $648
Falls View Apartments
309 W 2nd StSioux Falls, SD 57104
Cheap Apartments for Rent in the Downtown Sioux Falls Neighborhood of Sioux Falls, SD from $300 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Sioux Falls area of Sioux Falls.
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Rent Specials
$650 - $1,425Studio to 1 Bedroom Apartments Available Now
Albert House
333 N Phillips AveSioux Falls, SD 57104
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Rent Specials
$665 - $895Studio to 1 Bedroom Apartments Available Now
Parkway Apartments
754 S Phillips AveSioux Falls, SD 57104
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$678 - $1,377Studio to 2 Bedroom Apartments Available Now
River Tower Apartments
111 E 7th StSioux Falls, SD 57104
803 S Main Ave
Sioux FallsSD57104
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.
2 Bedroom 1 Bathroom Home
607 N Franklin Ave
Sioux FallsSD57103
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Studio to 4 Bedroom Apartments
YMCA
230 S Minnesota AveSioux Falls, SD 57104
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Studio to 2 Bedroom Apartments
River Terrace Apartments
500 E 12th StSioux Falls, SD 57104
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1 to 3 Bedroom Apartments
Irving Center Apartments
220 S Spring AveSioux Falls, SD 57104
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1 Bedroom Apartments
Newman Nine-Plex
316 E 15 StSioux Falls, SD 57104
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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1 to 2 Bedroom Apartments
Pettigrew & Cathedral Heights - Senior Living
300 S Spring AveSioux Falls, SD 57104
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1 to 2 Bedroom Apartments
703 S Dakota Ave
703 S Dakota AveSioux Falls, SD 57104
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1 to 3 Bedroom Apartments
Minnesota Apartments
822 N Minnesota AveSioux Falls, SD 57104
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Studio to 1 Bedroom Apartments
500 S Dakota Avenue
500 S Dakota AveSioux Falls, SD 57104
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1 to 2 Bedroom Apartments
The Edge On Main
638 S Main AveSioux Falls, SD 57104
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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Downtown Sioux Falls, Sioux Falls, SD Local Guide
How much does it cost to rent an apartment in Downtown Sioux Falls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Sioux Falls Studio Apartments | $993 | $599 | $1,850 |
| Downtown Sioux Falls 1 Bedroom Apartments | $1,272 | $648 | $2,415 |
| Downtown Sioux Falls 2 Bedroom Apartments | $1,958 | $950 | $4,400 |
| Downtown Sioux Falls 3 Bedroom Apartments | $1,838 | $1,250 | $3,207 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Downtown Sioux Falls Neighborhood of Sioux Falls, SD.
See all Apartments in Sioux FallsExplore Sioux Falls
Downtown Sioux Falls, Sioux Falls, SD Local Guide
- Nearby Sioux Falls neighborhoods
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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 Studio unit found at Falls View Apartments priced from $599. Albert House has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here are the most affordable Downtown Sioux Falls apartments for rent in Sioux Falls, SD:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Falls View Apartments | Rushmore | Studio,1BA | $599 |
| Albert House | Studio | Studio,1BA | $650 |
| YMCA | 2 Bedrooms 1 Bathroom | 2BR,1BA | $656 |
| River Tower Apartments | Studio | Studio,1BA | $678 |
| Parkway Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $745 |
Best Value Apartments for Rent in Downtown Sioux Falls, SD
As of March 22, 2026 the best value apartment in the Downtown Sioux Falls area is the $0.65 price per square foot 3 Bedrooms / 2 Bathrooms Model at Minnesota Apartments in the in the Northeast Sioux Falls neighborhood starting from $817. The second greatest value Downtown Sioux Falls apartment is the 2 Bedroom 2 Bathroom Model at Phillips Avenue Lofts starting at $1,785 with a $1.42 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Minnesota Apartments | 3 Bedrooms / 2 Bathrooms | 3BR,2BA | $0.65 |
| Phillips Avenue Lofts | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.42 |
| 709 S Phillips Ave, Unit ParkView on Phillips 1 | 709 S Phillips Ave | 2BR,1BA | $1.32 |
| Phoenix Properties | 2 Beds, 1 bath | 2BR,1BA | $0.95 |
| Prescott Place Apartments, LLC | 2Bed/2Bath | 2BR,2BA | $1.48 |
| YMCA | 2 Bedrooms 1 Bathroom | 2BR,1BA | $0.70 |
| Uptown Exchange Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.38 |
| Dakota Lofts | 1 Bedroom 1 Bathroom Apartment ADA | 1BR,1BA | $1.48 |
| Carmel Estates | Remodeled One Bedroom | 1BR,1BA | $1.28 |
| Parkway Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.35 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Sioux Falls, Sioux Falls, SD
Ranked #4
Among cities in South Dakota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 Falls View Apartments listed at $599.
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 $648 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 $656 at YMCA.
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.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.