Cheap Homes for Rent in Sioux Falls, SD from $500 (58 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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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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property at 1418 Kayla Pl

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

234 Elmwood Ave

Sioux FallsSD57104
property at 2904 W 33rd St

2904 W 33rd St

Sioux FallsSD57105

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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Sioux Falls, SD Local Guide

Cheapest Neighborhoods for Apartments in Sioux Falls, SD

Pricing Updated: 12/15/2025

Current apartment rentals in the Sioux Falls, SD area range in price from $399 to $4,400 with an overall median price of $1,457. The three Sioux Falls neighborhoods with the lowest median rent pricing are Empire Mall at $499, East Sioux Falls at $546, and Western Mall at $585. 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$1,060$49996
East Sioux Falls$1,191$54649
Western Mall$1,325$585404
Southwest Sioux Falls$1,338$499161
Prairie Tree$1,350$631187
Northwest Sioux Falls$1,460$585360
Crown Pointe$1,475$615336
Central Sioux Falls$1,500$615141
Mystic Meadows$1,500$399343
Southeast Sioux Falls$1,635$625377

Cheapest Available Sioux Falls Apartments for Rent

 

The cheapest available apartment rental in Sioux Falls, SD is a 2 Beds unit found at Briarwood Apartments in the Mystic Meadows neighborhood priced from $399. YMCA in the Central Sioux Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $408. Here is today’s list of the most affordable Sioux Falls apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Briarwood Apartments2 BEDROOM2BR,1BA$399
YMCA1 Bedroom / 1 Bathroom1BR,1BA$408
Technology Heights Apartments1 Bedroom / 1 Bathroom1BR,1BA$471
Taylor's Place ApartmentsHOLIDAYS ARE RINGING IN THIS SPECTACULAR DEAL! ...1BR,1BA$500
Arnold's Park Apartments1BR $500 2 BR $600 !!! Deposit same as rent1BR,1BA$500
Irving Center Apartments1 Bedroom 1 Bathroom1BR,1BA$544
Timbercreek (TIM1908)$677 MONTHLY RENT!!! GARAGES AVAILABLE!! FREE!!!1BR,1BA$550
Kenwood Manor ApartmentsStudioStudio,1BA$585
Midtown Heights2 Bedroom 1 Bathroom2BR,1BA$594
Falls View ApartmentsRushmoreStudio,1BA$599

Best Value Apartments for Rent in Sioux Falls, SD

As of December 15, 2025 the best value apartment in the Sioux Falls area is the $0.81 price per square foot 2BR/1.0BA Model at Eastern Hills Apartments in the in the Southeast Sioux Falls neighborhood starting from $975. The second greatest value Sioux Falls apartment is the 1 Bed / 1 Bath Model at Albert House starting at $825 with a $0.83 price per square foot in the Northeast Sioux Falls neighborhood. 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$0.81
Albert House1 Bed / 1 Bath1BR,1BA$0.83
Cathy Ave Apartments2BR/1.5BA2BR,1.5BA$0.80
Trinity Point2 Bedrooms / 1 Bathroom2BR,1BA$0.75
Briarwood Apartments2 BEDROOM2BR,1BA$0.40
Midtown Heights2 Bedroom 1 Bathroom2BR,1BA$0.66
Arnold's Park Apartments2 Bed | 1 Bath Apartment – Only $600/month!2BR,1BA$0.77
YMCA1 Bedroom / 1 Bathroom1BR,1BA$0.56
Technology Heights Apartments1 Bedroom / 1 Bathroom1BR,1BA$0.66
Timbercreek (TIM1908)$677 MONTHLY RENT!!! GARAGES AVAILABLE!! FREE!!!1BR,1BA$0.79

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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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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Pet Friendly Lifestyle
Sioux Falls, SD

Ranked #1

Among cities in South Dakota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 Apartments Map
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Sioux Falls, SD Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

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 584 Apartments for Rent in Sioux Falls, SD with pricing that ranges from $399 to $4,400. There are also 197 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sioux Falls ranging from $599 to $4,250.

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 $4,250 with an average monthly rent of $1,912.

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 $806 to $3,207, 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 $976.

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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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!