2 Bedroom 1 Bathroom Home
607 N Franklin Ave
Sioux FallsSD57103
Cheap Homes for Rent in Downtown Sioux Falls Neighborhood of Sioux Falls, SD from $800 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Sioux Falls area of Sioux Falls.
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.
530 N Indiana Ave
Sioux FallsSD57103
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.
401 E 13th St
Sioux FallsSD57104
Showing Results 1-3, Page 1 of 1
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 | $1,364 | $849 | $2,100 |
| Downtown Sioux Falls 3 Bedroom Homes for Rent | $1,600 | $1,600 | $1,600 |
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.
Explore Sioux Falls
Downtown Sioux Falls, Sioux Falls, SD Local Guide
- Nearby Sioux Falls neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in Downtown Sioux Falls, SD
As of April 30, 2026 the best value apartment in the Downtown Sioux Falls area is the $0.92 price per square foot 3 Beds, 1.5 baths Model at 305 N Indiana Ave in the in the Northeast Sioux Falls neighborhood starting from $1,400. The second greatest value Downtown Sioux Falls apartment is the 2 Bedroom 2 Bathroom Apartment Model at Dakota Lofts Downtown starting at $1,560 with a $1.08 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. |
|---|---|---|---|
| 305 N Indiana Ave | 3 Beds, 1.5 baths | 3BR,1.5BA | $0.92 |
| Dakota Lofts Downtown | 2 Bedroom 2 Bathroom Apartment | 2BR,2BA | $1.08 |
| Minnesota Apartments | 3 Bedrooms / 2 Bathrooms | 3BR,2BA | $0.65 |
| Phoenix Properties | 2 Beds, 1 bath | 2BR,1BA | $0.95 |
| Prescott Place Apartments, LLC | 2Bed/2Bath | 2BR,2BA | $1.48 |
| Uptown Exchange Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.38 |
| 714 S 1st Ave, Unit B | 714 S 1st Ave | 1BR,1BA | $1.19 |
| Carmel Estates | 1/1 | 1BR,1BA | $1.28 |
| Phillips Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.15 |
| Parkway Apartments | Studio | Studio ,1BA | $1.48 |
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.
Read Article
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
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.
Let everyone know!
Do you know the Downtown Sioux Falls area?
If you’re an expert on all things Downtown Sioux Falls, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleDowntown Sioux Falls, Sioux Falls, SD
Ranked #3
Among cities in South Dakota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet 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 $5,150. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Sioux Falls ranging from $849 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 $849 to $2,100 with an average monthly rent of $1,342.
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.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.