Cheap Apartments for Rent in Wallace, SD from $500 (26 Rentals)

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

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320 1st St
1 to 2 Bedroom Apartments

320 1st St

320 1st StClinton, MN 56225
  • Utilities Included

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300 Highland Ct
1 Bedroom Apartments

300 Highland Ct

300 Highland CtTyler, MN 56178
  • Utilities Included
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Woodland Park - Ivanhoe
1 to 2 Bedroom Apartments

Woodland Park - Ivanhoe

106 N County Road 5Ivanhoe, MN 56142
Senior Living
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Home Rite Apartments
1 Bedroom Apartments

Home Rite Apartments

126 1st St SEOrtonville, MN 56278
  • Utilities Included
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630 S High St
2 Bedroom Apartments

630 S High St

630 S High StAberdeen, SD 57401
  • Utilities Included

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Archer Flats
Studio to 1 Bedroom Apartments

Archer Flats

2308 14th Ave NEWatertown, SD 57201
  • Utilities Included

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
Southland CourtStudio - BStudio,1BA$750
Oakes I & II Apartments3BR/1BA3BR,1BA$900
Aberdeen Communities1 BED 1BATH1BR,1BA$925
1009 Southland Ln1 Bed 1 Bath1BR,1BA$965
Wheatgrass Village I2X - 9062BR,1BA$990
Sioux VillageStudioStudio,1BA$995
Generations on 1st1BR/1.0BA1BR,1BA$1,010

Best Value Apartments for Rent in Wallace, SD and Nearby

As of August 03, 2025 the best value apartment in the Wallace area is the $1.22 price per square foot 3 Bed Model at Cloverfield Townhomes in the in the Downtown Brookings neighborhood starting from $2,200. The second greatest value Wallace apartment is the 2 Bed Model at 105 Carly Dr starting at $1,425 with a $1.23 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$1.22
105 Carly Dr2 Bed2BR,1.5BA$1.23
Oakes I & II Apartments3BR/1BA3BR,1.5BA$0.83
Marketplace Apartments2BR/2.0BA2BR,2BA$1.37
Forte Living of Aberdeen: 50+ Community!Wren2BR,2BA$1.42
Prairie Park Fairmount Apartments3 Beds, 1 bath3BR,1BA$0.67
Wheatgrass Village I2X - 9062BR,1BA$1.09
Beardsley ApartmentsOne Bedroom1BR,1BA$0.58
Generations on 1st1BR/1.0BA1BR,1BA$1.40
103 N Lloyd St, Unit 6103 N Lloyd St1BR,1BA$0.47

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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

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 Southland Court listed at $750.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.