
Cheap Homes for Rent near Timber Lake, SD from $700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Timber Lake.


212 1st St N

215 E Arbor Ave
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203 E Arbor Ave

207 E Arbor Ave

205 E Arbor Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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2220 E Ave A
Timber Lake, SD Local Guide

How much does it cost to rent a home in Timber Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Timber Lake 2 Bedroom Homes for Rent | $1,608 | $700 | $2,695 |
| Timber Lake 3 Bedroom Homes for Rent | $2,197 | $1,150 | $2,545 |
| Timber Lake 4 Bedroom Homes for Rent | $2,445 | $2,445 | $2,445 |
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Timber Lake, SD Local Guide
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Cheapest Available Timber Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Timber Lake, SD is a 1 Bed unit found at Missouri View Apartments priced from $499. High Ridge in the Bismarck Cathedral Area Historic District neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Timber Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Missouri View Apartments | 1 BD, 1 BA Layout | 1BR,1BA | $499 |
| High Ridge | One Bedroom - Plan 11B | 1BR,1BA | $800 |
| Arikara Apartments | 1 Bed, 1 bath | 1BR,1BA | $825 |
Best Value Apartments for Rent in Timber Lake, SD and Nearby
As of July 28, 2026 the best value apartment in the Timber Lake area is the $0.99 price per square foot 3BR/2.0BA Model at 215 E Arbor (Bismarck,ND) in the in the Bismarck Cathedral Area Historic District neighborhood starting from $1,295. The second greatest value Timber Lake apartment is the B2 Model at River Ridge Apartment Homes starting at $1,585 with a $1.35 price per square foot in the Cottonwood neighborhood. Here is today’s list of the best values for Timber Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 215 E Arbor (Bismarck,ND) | 3BR/2.0BA | 3BR,2BA | $0.99 |
| River Ridge Apartment Homes | B2 | 2BR,2BA | $1.35 |
| Collins Place Apartments | 2 Bed 2 Bath | 2BR,2BA | $1.17 |
| Harrison Apartments | 3 Bedroom | 3BR,1BA | $1.03 |
| Corner View Apartments | 2 Bed / 1 Bath 953 sq ft | 2BR,1BA | $1.31 |
| Woodbridge | 1 bed 1 bath | 1BR,1BA | $1.28 |
| Waters Edge | 1 bed 1 bath | 1BR,1BA | $1.28 |
| Missouri View Apartments | 2 BEDROOM LAYOUT | 2BR,1BA | $1.33 |
| Arikara Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.15 |
| High Ridge | One Bedroom - Plan 11B | 1BR,1BA | $1.26 |
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.
Read ArticleReal 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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Timber Lake
What type of rentals are currently available in Timber Lake?
There are currently 35 Apartments for Rent in Timber Lake, SD with pricing that ranges from $499 to $8,052. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Timber Lake ranging from $700 to $2,695.
What is the current price range for Rental Homes in Timber Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Timber Lake ranges from $700 to $2,695 with an average monthly rent of $1,764.
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

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.

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.

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.

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.