
Cheap Apartments for Rent near Wallace, SD from $455 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Wallace.


Mary's Heights Apartments

262 2nd St SW

511 Main Ave N

Oakes I & II Apartments

Beardsley Apartments

Innovation Village
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Depot Apartments

Onaka Village

The Oaks I & II

Lofts at Park Hill

Clinton Community Housing

Morning Sun Apartments

Prairie Park Fairmount Apartments
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.

Woodland Park - Ivanhoe

Home Rite Apartments

309 W Washington Ave

Heritage High Apartments

1631 Olive Dr

Ridgeview Manor - Trail I and II

630 S High St
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.

917 12th Ave NW

Southland Court
Wallace, SD Local Guide

How much does it cost to rent an apartment in Wallace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wallace Studio Apartments | $1,003 | $840 | $1,190 |
| Wallace 1 Bedroom Apartments | $1,256 | $455 | $2,030 |
| Wallace 2 Bedroom Apartments | $1,521 | $545 | $6,300 |
| Wallace 3 Bedroom Apartments | $1,385 | $800 | $1,905 |
| Wallace 4 Bedroom Apartments | $1,305 | $910 | $1,810 |
Browse Top Apartments in Wallace
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Wallace, SD Local Guide
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Cheapest Available Wallace Apartments for Rent and Nearby
 The cheapest available apartment rental in Wallace, SD is a 1 Bed unit found at Mary's Heights Apartments priced from $455. Beardsley Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Wallace apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mary's Heights Apartments | 1 Bed, 1 bath | 1BR,1BA | $455 |
| Beardsley Apartments | Two Bedroom | 2BR,1BA | $700 |
| Parkview Apartments and Townhomes | 2 bedroom apartment | 2BR,1BA | $950 |
| Latitude 44 | The Cove | Studio,1BA | $955 |
| Paragon | The Vista | Studio,1BA | $960 |
Best Value Apartments for Rent in Wallace, SD and Nearby
As of August 27, 2026 the best value apartment in the Wallace area is the $0.89 price per square foot 3 Bedroom Townhome Model at Wheatgrass Village I in the starting from $1,465. The second greatest value Wallace apartment is the 3 Beds, 2 baths Model at Mary's Heights Apartments starting at $800 with a $0.60 price per square foot . Here is today’s list of the best values for Wallace apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wheatgrass Village I | 3 Bedroom Townhome | 3BR,2.5BA | $0.89 |
| Mary's Heights Apartments | 3 Beds, 2 baths | 3BR,2BA | $0.60 |
| Beardsley Apartments | Two Bedroom | 2BR,1BA | $0.58 |
| Innovation Village | Main L | 1BR,1BA | $1.40 |
| Forte of Brookings: 50+ Community! | Wren | 2BR,2BA | $1.73 |
| Campus View | 2 Bed + 2 Bath | 2BR,2BA | $1.20 |
| Sweetgrass Crossing | Buffalo | 2BR,2BA | $1.51 |
| Parkview Apartments and Townhomes | 2 bedroom apartment | 2BR,1BA | $1.21 |
| Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1.46 |
| Wilmot Estates Apartments | 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $1.74 |
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!
Explore Wallace, SD Rentals by Map
See the most popular apartments and homes in Wallace, SD
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 Latitude 44 listed at $955.
How much is rent for a Cheap One Bedroom Wallace Apartment?
The lowest price for a Cheap One Bedroom Wallace Apartment is $455 at Mary's Heights 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 Mary's Heights Apartments.
What is the most affordable Wallace Three Bedroom Apartment?
The best deal on a cheap Wallace Three Bedroom Apartment rental is at Mary's Heights Apartments and starts from $800.
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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.