Cheap Homes for Rent in Sioux Falls, SD from $700 (35 Rentals)

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Search the lowest-cost Homes available for rent right now in 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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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

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Sioux Falls, SD Local Guide

Cheapest Neighborhoods for Apartments in Sioux Falls, SD

Pricing Updated: 07/25/2025

Current apartment rentals in the Sioux Falls, SD area range in price from $500 to $5,494 with an overall median price of $1,620. The three Sioux Falls neighborhoods with the lowest median rent pricing are Empire Mall at $664, East Sioux Falls at $546, and Southwest Sioux Falls at $664. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Sioux Falls Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Empire Mall$1,125$66485
East Sioux Falls$1,126$54638
Southwest Sioux Falls$1,318$66489
Prairie Tree$1,330$699112
Western Mall$1,412$664313
Northwest Sioux Falls$1,425$500319
Mystic Meadows$1,500$546220
Crown Pointe$1,549$625218
Central Sioux Falls$1,574$600156
Southeast Sioux Falls$1,675$625233

Cheapest Available Sioux Falls Apartments for Rent

 

The cheapest available apartment rental in Sioux Falls, SD is a 1 Bed unit found at Arnold's Park Apartments in the Northwest Sioux Falls neighborhood priced from $500. Turning Leaf in the Northeast Sioux Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Sioux Falls apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Arnold's Park Apartments1BR $500// 2BR $600!! Deposit same as rent1BR,1BA$500
Turning LeafDON'T MISS OUT ON THIS HOT SIZZLIN SUMMER DEAL!...1BR,1BA$550
Taylor's Place ApartmentsRent today for only $550!!!1BR,1BA$550
Norton Estates2/1.52BR,1BA$597
Midtown Heights1 Bedroom 1 Bathroom1BR,1BA$642
Legacy Village ApartmentsOne Bedroom B1BR,1BA$650
Cedar House Apartments1 BEDROOM B1BR,1BA$650
Irving Center Apartments2 Bedroom 1 Bathroom2BR,1BA$654
Horizon ApartmentsThree Bedroom3BR,2BA$655
Creekstone FallsA11BR,1BA$664

Best Value Apartments for Rent in Sioux Falls, SD

As of July 26, 2025 the best value apartment in the Sioux Falls area is the $0.83 price per square foot 2BR/1.0BA Model at Eastern Hills Apartments in the in the Southeast Sioux Falls neighborhood starting from $995. The second greatest value Sioux Falls apartment is the 2 Bedroom 1 Bathroom Model at Riverview Apartments starting at $940 with a $0.80 price per square foot . Here is today’s list of the best values for Sioux Falls apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eastern Hills Apartments2BR/1.0BA2BR,1BA$0.83
Riverview Apartments2 Bedroom 1 Bathroom2BR,1BA$0.80
Oakwood Estates3 Bedroom A3BR,1BA$0.78
Sandy Creek (SAN320N)Sandy Creek Apartments 3 Bedroom 2 Bath3BR,2BA$0.64
Jefferson Village3 Bedroom 2 Bathroom3BR,2BA$0.80
Pebble Creek Apartments - 54052BR/1.0BA2BR,1BA$0.79
Willow Crossing ApartmentsBalcony Units2BR,1BA$0.88
Norton Estates2/1.52BR,1.5BA$0.69
Taylor's Place ApartmentsRent today for only $550!!!1BR,1BA$0.69
Arnold's Park Apartments1BR $500 2 BR $600 !!! Deposit same as rent2BR,1BA$0.77

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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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Frequently Asked Questions about Sioux Falls

What type of rentals are currently available in Sioux Falls?

There are currently 569 Apartments for Rent in Sioux Falls, SD with pricing that ranges from $500 to $5,494. There are also 149 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sioux Falls ranging from $700 to $4,995.

What is the current price range for Rental Homes in Sioux Falls?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Sioux Falls ranges from $700 to $4,995 with an average monthly rent of $2,561.

How much are larger Three and Four Bedroom Rentals in Sioux Falls?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Sioux Falls range from $871 to $4,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,099 to $4,950. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $1,126.

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.