Cheap Homes for Rent in Sioux Falls, SD from $500 (43 Rentals)

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property at 7442 S Louise Ave

7442 S Louise Ave

Sioux FallsSD57108
property at 1418 Kayla Pl

1418 Kayla Pl

HarrisburgSD57032
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Sioux Falls, SD Local Guide

Cheapest Neighborhoods for Apartments in Sioux Falls, SD

Pricing Updated: 10/31/2025

Current apartment rentals in the Sioux Falls, SD area range in price from $650 to $4,495 with an overall median price of $2,546. The three Sioux Falls neighborhoods with the lowest median rent pricing are East Sioux Falls at $900, Southwest Sioux Falls at $899, and Downtown Sioux Falls at $650. 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$1,595$9004
Southwest Sioux Falls$1,672$8993
Downtown Sioux Falls$1,700$6505
Empire Mall$1,875$1,4003
Northwest Sioux Falls$2,172$70016
Western Mall$2,300$1,5504
Prairie Tree$2,325$97012
Crown Pointe$3,000$90020
Mystic Meadows$3,000$90015
Central Sioux Falls$3,422$65016

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. Turning Leaf in the Northeast 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
Briarwood Apartments2 BEDROOM2BR,1BA$399
Turning LeafOCTOBER BRINGS FALLING PRICES! 1 BEDROOM JUST $...1BR,1BA$500
Arnold's Park Apartments1BR $500 2 BR $600 !!! Deposit same as rent1BR,1BA$500
Forty One Flats1 Bedroom 1 Bathroom1BR,1BA$510
Timbercreek (TIM1908)$677 MONTHLY RENT!!! GARAGES AVAILABLE!! FREE!!!1BR,1BA$550
Jefferson Village2 Bedroom 1 Bathroom2BR,1BA$574
Kenwood Manor ApartmentsStudioStudio,1BA$585
Midtown Heights2 Bedroom 1 Bathroom2BR,1BA$594
Aspen Ridge ReserveStudio ApartmentStudio,1BA$635
Falls View ApartmentsOlympic1BR,1BA$648

Best Value Apartments for Rent in Sioux Falls, SD

As of October 31, 2025 the best value apartment in the Sioux Falls area is the $0.54 price per square foot 4 Bedrooms / 2 Bathrooms Townhome Model at YMCA in the in the Central Sioux Falls neighborhood starting from $1,031. The second greatest value Sioux Falls apartment is the 3 Bedrooms / 2 Bathrooms Model at Minnesota Apartments starting at $801 with a $0.64 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.
YMCA4 Bedrooms / 2 Bathrooms Townhome4BR,2BA$0.54
Minnesota Apartments3 Bedrooms / 2 Bathrooms3BR,2BA$0.64
Riverview Apartments2 Bedroom 1 Bathroom2BR,1BA$0.80
Trinity Point2 Bedrooms / 1 Bathroom2BR,1BA$0.75
Briarwood Apartments2 BEDROOM2BR,1BA$0.40
Hidden Valley Stables2bed2BR,2BA$0.78
Midtown Heights2 Bedroom 1 Bathroom2BR,1BA$0.66
Irving Center Apartments2 Bedroom 1 Bathroom2BR,1BA$0.82
Arnold's Park Apartments2 Bed | 1 Bath Apartment – Only $600/month!2BR,1BA$0.77
Timbercreek (TIM1908)$677 MONTHLY RENT!!! GARAGES AVAILABLE!! FREE!!!1BR,1BA$0.79

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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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Frequently Asked Questions about Sioux Falls

What type of rentals are currently available in Sioux Falls?

There are currently 568 Apartments for Rent in Sioux Falls, SD with pricing that ranges from $349 to $4,400. There are also 167 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sioux Falls ranging from $599 to $4,495.

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 $4,495 with an average monthly rent of $1,896.

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 $3,746, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,170 to $3,150. Four Bedroom Single-Family rentals are also available starting from $899 and Four Bedroom Apartments start at $976.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.