Cheap Homes for Rent in Sioux Falls, SD from $500 (70 Rentals)

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

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.

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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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property at 1418 Kayla Pl

$999

2 Bedroom Rentals

Available Now

1418 Kayla Pl

HarrisburgSD57032

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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property at 234 Elmwood Ave

$1,200

3 Bedroom, 1 Bath Townhome for Rent

Available Now

234 Elmwood Ave

Sioux FallsSD57104

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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property at 2904 W 33rd St

$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

2904 W 33rd St

Sioux FallsSD57105

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Sioux Falls, SD Local Guide

Cheapest Neighborhoods for Apartments in Sioux Falls, SD

Pricing Updated: 01/28/2026

Current apartment rentals in the Sioux Falls, SD area range in price from $349 to $4,422 with an overall median price of $1,551. The three Sioux Falls neighborhoods with the lowest median rent pricing are East Sioux Falls at $399, Northwest Sioux Falls at $349, and Empire Mall at $659. 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
East Sioux Falls$1,149$39945
Northwest Sioux Falls$1,472$349336
Empire Mall$1,475$659109
Prairie Tree$1,475$659190
Southwest Sioux Falls$1,475$659152
Western Mall$1,475$585385
Central Sioux Falls$1,537$349138
Mystic Meadows$1,625$399339
Northeast Sioux Falls$1,650$399225
Southeast Sioux Falls$1,650$625444

Cheapest Available Sioux Falls Apartments for Rent

 

The cheapest available apartment rental in Sioux Falls, SD is a 1 Bed unit found at YMCA in the Central Sioux Falls neighborhood priced from $408. Taylor's Place Apartments in the East Sioux Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $500. Here is today’s list of the most affordable Sioux Falls apartments for rent:

Apartment ListingModel NameBed/BathPriced From
YMCA1 Bedroom 1 Bathroom1BR,1BA$408
Taylor's Place ApartmentsRINGING IN THE NEW YEAR WITH NEW HOT DEALS! 1 B...1BR,1BA$500
Forty One Flats1 Bedroom 1 Bathroom1BR,1BA$510
Irving Center Apartments1 Bedroom 1 Bathroom1BR,1BA$544
Kenwood Manor ApartmentsStudioStudio,1BA$585
Jefferson Village2 Bedroom 1 Bathroom2BR,1BA$585
Norton Estates2/1.52BR,1BA$597
Falls View ApartmentsRushmoreStudio,1BA$599
Arnold's Park Apartments2 Bed | 1 Bath Apartment – Only $600/month!2BR,1BA$600
Turning LeafBeautiful Beginnings at Turning Leaf. 1 bedroom...1BR,1BA$600

Best Value Apartments for Rent in Sioux Falls, SD

As of January 28, 2026 the best value apartment in the 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 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.
Minnesota Apartments3 Bedrooms / 2 Bathrooms3BR,2BA$0.65
Riverview Apartments2 Bedroom 1 Bathroom2BR,1BA$0.80
The Grove at Ellis Crossing3 Bedroom 2 Bathroom3BR,2BA$0.61
Cathy Ave Apartments2BR/1.5BA2BR,1.5BA$0.80
Lacey Village Townhomes2 Bedroom Apartment2BR,1BA$0.66
Midtown Heights2 Bedroom 1 Bathroom2BR,1BA$0.69
Norton Estates2/1.52BR,1.5BA$0.69
Taylor's Place ApartmentsRINGING IN THE NEW YEAR WITH NEW HOT DEALS! 1 B...1BR,1BA$0.63
Arnold's Park Apartments2 Bed | 1 Bath Apartment – Only $600/month!2BR,1BA$0.77
YMCA1 Bedroom 1 Bathroom1BR,1BA$0.56

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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The 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.

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Cash 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.

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Quick 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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Sioux Falls, SD Rentals by Map

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See the most popular apartments and homes in Sioux Falls, SD

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Sioux Falls, SD Area Reviews

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Ashley • 4+ years in Sioux Falls

October 22, 2025

Sioux Falls is an affordable Midwestern city with lots to offer! The Downtown area has tons of local shops and restaurants, and I love visiting Falls Park in the winter. It's a great place to live!

Frequently Asked Questions about Sioux Falls

What type of rentals are currently available in Sioux Falls?

There are currently 588 Apartments for Rent in Sioux Falls, SD with pricing that ranges from $349 to $4,422. There are also 207 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sioux Falls ranging from $599 to $4,500.

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 $599 to $4,500 with an average monthly rent of $2,040.

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 $798 to $4,422, while Three Bedroom Homes, Condos, and Townhomes for rent range from $899 to $4,250. Four Bedroom Single-Family rentals are also available starting from $899 and Four Bedroom Apartments start at $1,096.

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

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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.

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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.

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.