Cheap Homes for Rent in Sioux Falls, SD from $700 (42 Rentals)

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

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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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property at 2904 W 33rd St

$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

2904 W 33rd St

Sioux FallsSD57105

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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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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-42, Page 1 of 1

Sioux Falls, SD Local Guide

Cheapest Neighborhoods for Apartments in Sioux Falls, SD

Pricing Updated: 06/22/2026

Current apartment rentals in the Sioux Falls, SD area range in price from $399 to $5,000 with an overall median price of $1,856. The three Sioux Falls neighborhoods with the lowest median rent pricing are East Sioux Falls at $546, Central Sioux Falls at $399, and Empire Mall at $669. 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$1,340$54638
Central Sioux Falls$1,400$39950
Empire Mall$1,475$669105
Southwest Sioux Falls$1,475$669102
Western Mall$1,477$595212
Prairie Tree$1,495$669185
Crown Pointe$1,548$399278
Northwest Sioux Falls$1,613$595110
Northeast Sioux Falls$1,650$546110
Mystic Meadows$2,100$546298

Cheapest Available Sioux Falls Apartments for Rent

 

The cheapest available apartment rental in Sioux Falls, SD is a 1 Bed unit found at EastPark Apartments in the East Sioux Falls neighborhood priced from $515. The Grove at Ellis Crossing has the second lowest priced unit, which is a 2 Beds apartment currently listed from $568. Here is today’s list of the most affordable Sioux Falls apartments for rent:

Apartment ListingModel NameBed/BathPriced From
EastPark ApartmentsOne Bedroom One Bath1BR,1BA$515
The Grove at Ellis Crossing2 Bedroom 1 Bathroom2BR,1BA$568
Jefferson Village2 Bedroom 1 Bathroom2BR,1BA$585
Kenwood Manor ApartmentsStudioStudio,1BA$595
Ridgeview Place Apartments0BR/1.0BAStudio,1BA$599
Forty One Flats2 Bedroom 1 Bathroom2BR,2BA$612
Midtown Heights2 Bedroom 1 Bathroom2BR,1BA$630
Falls View ApartmentsRushmoreStudio,1BA$648
Albert HouseStudioStudio,1BA$650
Parkway ApartmentsStudioStudio,1BA$665

Best Value Apartments for Rent in Sioux Falls, SD

As of June 22, 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 2BR/1.5BA Model at 1804 S. STEPHEN AVE. starting at $850 with a $0.81 price per square foot in the East 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.
Minnesota Apartments3 Bedrooms / 2 Bathrooms3BR,2BA$0.65
1804 S. STEPHEN AVE.2BR/1.5BA2BR,1.5BA$0.81
Hoppe Properties620 #101 and #102 - 2 BD, 1 BA2BR,1BA$0.86
Kings Kourt Apartments2 Bedroom 1 Bathroom with deck2BR,1BA$0.80
Midtown Heights2 Bedroom 1 Bathroom2BR,1BA$0.70
Jefferson Village2 Bedroom 1 Bathroom2BR,1BA$0.74
The Grove at Ellis Crossing2 Bedroom 1 Bathroom2BR,1BA$0.71
Forty One Flats2 Bedroom 1 Bathroom2BR,2BA$0.77
Hidden HillsSPRING INTO SUMMER WITH SPECTACULAR SAVINGS! 1 ...1BR,1BA$0.89
EastPark ApartmentsOne Bedroom One Bath1BR,1BA$0.77

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.

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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 605 Apartments for Rent in Sioux Falls, SD with pricing that ranges from $399 to $5,000. There are also 145 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sioux Falls ranging from $700 to $4,000.

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 $4,000 with an average monthly rent of $1,900.

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 $845 to $5,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $3,950. Four Bedroom Single-Family rentals are also available starting from $1,499 and Four Bedroom Apartments start at $1,475.

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.

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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.