
Cheap Homes for Rent in Timber Lake, SD from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Timber Lake.


215 E Arbor Ave

201 E Arbor Ave
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.

1011 S 3rd St

207 E Arbor Ave

2220 E Ave A
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.
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 | $1,525 | $925 | $2,300 |
| Timber Lake 3 Bedroom Homes for Rent | $1,812 | $1,150 | $2,500 |
| Timber Lake 4 Bedroom Homes for Rent | $1,988 | $1,499 | $2,495 |
| Timber Lake 5 Bedroom Homes for Rent | $2,250 | $2,250 | $2,250 |
Browse Top Homes for Rent in Timber Lake
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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 June 12, 2026 the best value apartment in the Timber Lake area is the $1.33 price per square foot 2 Bed / 1 Bath 952 sq ft Model at Corner View Apartments in the in the South Mandan neighborhood starting from $1,265. The second greatest value Timber Lake apartment is the 2 Bed - 1 Bath Model at Westwood Park starting at $1,110 with a $1.21 price per square foot in the Bismarck Cathedral Area Historic District 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. |
|---|---|---|---|
| Corner View Apartments | 2 Bed / 1 Bath 952 sq ft | 2BR,1BA | $1.33 |
| Westwood Park | 2 Bed - 1 Bath | 2BR,1BA | $1.21 |
| 215 E Arbor (Bismarck,ND) | 1BR/1.0BA | 1BR,1BA | $1.06 |
| 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 |
| The Landings | 1 bed 1 bath | 1BR,1BA | $1.46 |
| High Ridge | One Bedroom - Plan 11B | 1BR,1BA | $1.26 |
| Renaissance Lofts | Floor Plan L 0/1 - no balcony | 1BR,1BA | $1.80 |
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.
Read ArticleQuick 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.
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 $3,177. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Timber Lake ranging from $650 to $2,500.
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 $650 to $2,500 with an average monthly rent of $1,669.
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

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.

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.