723 S 4th Ave
Sioux FallsSD57104
Cheap Homes for Rent in Downtown Sioux Falls Neighborhood of Sioux Falls, SD from $600 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Sioux Falls area of Sioux Falls.
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Downtown Sioux Falls, Sioux Falls, SD Local Guide
How much does it cost to rent a home in Downtown Sioux Falls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Sioux Falls 2 Bedroom Homes for Rent | $1,950 | $1,650 | $2,100 |
| Downtown Sioux Falls 3 Bedroom Homes for Rent | $1,516 | $1,300 | $1,895 |
| Downtown Sioux Falls 4 Bedroom Homes for Rent | $1,435 | $1,435 | $1,435 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Downtown Sioux Falls Neighborhood of Sioux Falls, SD.
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Downtown Sioux Falls, Sioux Falls, SD Local Guide
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Best Value Apartments for Rent in Downtown Sioux Falls, SD
As of November 20, 2025 the best value apartment in the Downtown Sioux Falls area is the $0.83 price per square foot 1 Bed / 1 Bath Model at Albert House in the in the Northeast Sioux Falls neighborhood starting from $825. The second greatest value Downtown Sioux Falls apartment is the 2Bed/2Bath Model at Prescott Place Apartments, LLC starting at $1,440 with a $1.48 price per square foot in the Central 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. |
|---|---|---|---|
| Albert House | 1 Bed / 1 Bath | 1BR,1BA | $0.83 |
| Prescott Place Apartments, LLC | 2Bed/2Bath | 2BR,2BA | $1.48 |
| Uptown Exchange Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.38 |
| City Center Apartments | 2 40 | 2BR,1BA | $1.14 |
| Dakota Lofts Downtown | 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $1.49 |
| YMCA | 1 Bedroom / 1 Bathroom | 1BR,1BA | $0.56 |
| Pinnacle Point Apartments | 1 Bedroom 1 Bathroom Apartment (C) | 1BR,1BA | $1.26 |
| Irving Center Apartments | Accessible 1 Bedroom 1 Bathroom | 1BR,1BA | $1.26 |
| Parkway Apartments | Studio | Studio ,1BA | $1.48 |
| Falls View Apartments | Rushmore | Studio ,1BA | $1.50 |
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Pet Friendly LifestyleDowntown Sioux Falls, Sioux Falls, SD
Ranked #6
Among cities in South Dakota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Downtown Sioux Falls
What type of rentals are currently available in Downtown Sioux Falls?
There are currently 69 Apartments for Rent in Downtown Sioux Falls, SD with pricing that ranges from $599 to $4,400. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Sioux Falls ranging from $650 to $2,100.
What is the current price range for Rental Homes in Downtown Sioux Falls?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Sioux Falls ranges from $650 to $2,100 with an average monthly rent of $1,419.
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.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.