614 E 6th St
Sioux FallsSD57103
Cheap Homes for Rent in Downtown Sioux Falls Neighborhood of Sioux Falls, SD from $1,000 (2 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.
605 E 14th St
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.
Showing Results 1-2, 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 | $1,347 | $1,000 | $1,900 |
| Downtown Sioux Falls 3 Bedroom Homes for Rent | $1,480 | $1,375 | $1,600 |
Browse Homes for Rent in this Neighborhood
There are currently 2 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 June 14, 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 $1,495 with a $1.03 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 | $1.03 |
| Minnesota Apartments | 3 Bedrooms / 2 Bathrooms | 3BR,2BA | $0.65 |
| Phoenix Properties | 2 bedroom | 2BR,1BA | $0.95 |
| Prescott Place Apartments, LLC | 2Bed/2Bath | 2BR,2BA | $1.44 |
| The Residences at Security National | 1Bed/1Bath | 1BR,1BA | $1.34 |
| Uptown Exchange Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.38 |
| Carmel Estates | 1/1 | 1BR,1BA | $1.28 |
| 608 S 2nd Ave, Unit 2 | 608 S 2nd Ave | 2BR,1BA | $1.19 |
| Phillips Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.19 |
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.
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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.
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.
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Pet Friendly LifestyleDowntown Sioux Falls, Sioux Falls, SD
Ranked #2
Among cities in South Dakota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Downtown Sioux Falls
What type of rentals are currently available in Downtown Sioux Falls?
There are currently 74 Apartments for Rent in Downtown Sioux Falls, SD with pricing that ranges from $635 to $5,000. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Sioux Falls ranging from $1,000 to $1,900.
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 $1,000 to $1,900 with an average monthly rent of $1,413.
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.