Cheap Apartments for Rent in Wallace, SD from $500 (31 Rentals)

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

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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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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property at 201 7th St W

201 7th St W

CanbyMN56220

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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Woodland Park - Ivanhoe
1 to 2 Bedroom Apartments

Woodland Park - Ivanhoe

106 N County Road 5Ivanhoe, MN 56142
  • Utilities Included
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126 1st St SE
1 to 2 Bedroom Apartments

126 1st St SE

126 1st St SEOrtonville, MN 56278
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1631 Olive Dr
1 to 2 Bedroom Apartments

1631 Olive Dr

1631 Olive DrAberdeen, SD 57401
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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630 S High St
Studio to 2 Bedroom Apartments

630 S High St

630 S High StAberdeen, SD 57401
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Southland Court
Studio to 2 Bedroom Apartments

Southland Court

818 Southland LnBrookings, SD 57006
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Archer Flats
Studio to 2 Bedroom Apartments

Archer Flats

2308 14th Ave NEWatertown, SD 57201
  • Utilities Included
Showing Results 1-31, Page 1 of 1

Wallace, SD Local Guide

Cheapest Available Wallace Apartments for Rent and Nearby

 

The cheapest available apartment rental in Wallace, SD is a 1 Bed unit found at Beardsley Apartments priced from $519. Prairie Park Fairmount Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $545. Here is today’s list of the most affordable Wallace apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Beardsley ApartmentsOne Bedroom1BR,1BA$519
Prairie Park Fairmount Apartments2 Beds, 1 bath2BR,1BA$545
Wheatgrass Village IEfficency with 1 bathStudio,1BA$695
Forte of Brookings: 50+ Community!CardinalStudio,1BA$940
Sioux VillageStudioStudio,1BA$995
Marketplace ApartmentsB1BR,1BA$995
Aberdeen Communities1 BED 1BATH1BR,1BA$1,050
Sweetgrass CrossingPrairie1BR,1BA$1,164
105 Carly Dr2 Bed2BR,1BA$1,200

Best Value Apartments for Rent in Wallace, SD and Nearby

As of November 26, 2025 the best value apartment in the Wallace area is the $1.16 price per square foot 3 Bed Model at Cloverfield Townhomes in the in the Downtown Brookings neighborhood starting from $2,095. The second greatest value Wallace apartment is the 2 Bed Model at 105 Carly Dr starting at $1,200 with a $1.04 price per square foot . Here is today’s list of the best values for Wallace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cloverfield Townhomes3 Bed3BR,2.5BA$1.16
105 Carly Dr2 Bed2BR,1.5BA$1.04
The Plains1631 - 2 Bedroom - Galley2BR,2BA$1.33
Innovation VillageEnterprise F2BR,2BA$1.30
Forte Living of Aberdeen: 50+ Community!Wren2BR,2BA$1.46
Prairie Park Fairmount Apartments3 Beds, 1 bath3BR,1BA$0.67
The LoftsF2BR,1BA$1.34
The Oaks2 Bedroom2BR,2BA$1.43
Beardsley ApartmentsOne Bedroom1BR,1BA$0.58
103 N Lloyd St, Unit 6103 N Lloyd St1BR,1BA$0.47

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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 Wallace, SD Rentals by Map

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See the most popular apartments and homes in Wallace, SD

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Getting Around Wallace, SD

Walk Score®

4 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

29 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Wallace Apartments

What is the Cheapest Studio apartment in Wallace?

Currently the most affordable Cheap Studio Apartment in Wallace is at Wheatgrass Village I listed at $695.

How much is rent for a Cheap One Bedroom Wallace Apartment?

The lowest price for a Cheap One Bedroom Wallace Apartment is $519 at Beardsley Apartments.

What is the lowest price for a Cheap Two Bedroom Wallace Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Wallace is starting from $545 at Prairie Park Fairmount Apartments.

What is the most affordable Wallace Three Bedroom Apartment?

The best deal on a cheap Wallace Three Bedroom Apartment rental is at Prairie Park Fairmount Apartments and starts from $650.

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.

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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! 

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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.