Cheap Apartments for Rent in the Southwest Sioux Falls Neighborhood of Sioux Falls, SD from $500 (46 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Southwest Sioux Falls area of Sioux Falls.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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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3609 S Cathy Ave
1 to 2 Bedroom Apartments

3609 S Cathy Ave

3609 S Cathy AveSioux Falls, SD 57106
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Meadowland Apartments
1 to 3 Bedroom Apartments

Meadowland Apartments

3601 S Marion RdSioux Falls, SD 57106
  • Utilities Included

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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5401 W 56th St
2 Bedroom Apartments

5401 W 56th St

5401 W 56th StSioux Falls, SD 57106
  • Utilities Included
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Baha Townhomes
2 to 3 Bedroom Apartments

Baha Townhomes

4617 S Baha AveSioux Falls, SD 57106
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Royal Oak Apartments
1 to 2 Bedroom Apartments

Royal Oak Apartments

4902 S Oxbow AveSioux Falls, SD 57106
  • Utilities Included
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29 Flats
1 to 3 Bedroom Apartments

29 Flats

5400 S Marion RdSioux Falls, SD 57106

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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Spring Townhomes
1 to 5 Bedroom Apartments

Spring Townhomes

3130 W 57th StSioux Falls, SD 57108
Showing Results 1-46, Page 1 of 1

Southwest Sioux Falls, Sioux Falls, SD Local Guide

Cheapest Available Southwest Sioux Falls Apartments for Rent

 

The cheapest available apartment rental in the Southwest Sioux Falls area of Sioux Falls, SD is a 1 Bed unit found at Penbrooke Place priced from $773. Gateway Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable Southwest Sioux Falls apartments for rent in Sioux Falls, SD:

Apartment ListingModel NameBed/BathPriced From
Penbrooke PlaceA11BR,1BA$773
Gateway Apartments1BR/1.0BA1BR,1BA$775
Pebble Creek Apartments1BR/1BA1BR,1BA$775
Autumn ParkA11BR,1BA$795
The Oaks ApartmentsC 1x11BR,1BA$800
Creekstone FallsA21BR,1BA$834
Heritage Place Apartments2 Bedroom 1 Bath2BR,1BA$850
Golden Creek Apartments1Bd/1Ba1BR,1BA$855
The CommonsApartment Style StudioStudio,1BA$865
Oakwood Estates2 Bedroom 2 Bathroom A2BR,2BA$878

Best Value Apartments for Rent in Southwest Sioux Falls, SD

As of July 25, 2026 the best value apartment in the Southwest Sioux Falls area is the $1.05 price per square foot 4 Bedroom 2.5 Bathroom Model at Spring Townhomes in the in the Southwest Sioux Falls neighborhood starting from $2,185. The second greatest value Southwest Sioux Falls apartment is the 2 Bedrooms / 2 Bathrooms Model at Royal Oak Apartments starting at $1,445 with a $1.15 price per square foot in the Southwest Sioux Falls neighborhood. Here is today’s list of the best values for Southwest Sioux Falls apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Spring Townhomes4 Bedroom 2.5 Bathroom4BR,2.5BA$1.05
Royal Oak Apartments2 Bedrooms / 2 Bathrooms2BR,2BA$1.15
Platinum Valley ApartmentsPlan D2BR,2BA$1.20
Saddle Creek Townhomes2bd2ba2BR,2BA$1.06
Oakwood Estates2 Bedroom 2 Bathroom A2BR,2BA$0.86
Heritage Place Apartments2 Bedroom 1 Bath2BR,1BA$0.94
Pebble Creek Apartments1BR/1BA1BR,1BA$0.91
Windsor Heights Apartments1 Bedroom 1 Bathroom1BR,1BA$1.20
Bennington Hill ApartmentsEllison Plus1BR,1BA$1.23
The Oaks ApartmentsC 1x11BR,1BA$1.11

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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Pet Friendly Lifestyle
Southwest Sioux Falls, Sioux Falls, SD

Ranked #6

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers works hard to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Southwest Sioux Falls, Sioux Falls, and the greater Sioux Falls area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, transit availability, pet-friendly communities, places to raise kids, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Southwest Sioux Falls Apartments

What is a cheap apartment in Southwest Sioux Falls?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southwest Sioux Falls is under $878.

What is the price of a cheap apartment in Southwest Sioux Falls?

The cheapest apartment in Southwest Sioux Falls is Penbrooke Place which is listed at $773, while the average apartment in Southwest Sioux Falls costs $1,475.

What types of apartments are the cheapest in Southwest Sioux Falls?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Southwest Sioux Falls that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Southwest Sioux Falls?

Cheap apartments in Southwest Sioux Falls have an average cost of $806 which is $669 cheaper than the average rent for all rentals in Southwest Sioux Falls.

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

decorative image for Rent Smart: A Local Expert's Secrets to Finding Budget Neighborhoods for Renting in Sioux Falls article

Rent Smart: A Local Expert's 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.