
Cheap Apartments for Rent in Wallace, SD from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Wallace.


511 Main Ave N

262 2nd St SW

Beardsley Apartments

Prairie Park Fairmount Apartments

Wheatgrass Village I

Oakes I & II Apartments

Heritage High Apartments

Southland Court

Innovation Village

The Oaks

Depot Apartments

Prairie Springs Apartments

424 3rd St SE, Unit B

Trails Head

Forte of Brookings: 50+ Community!
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 | $899 | $740 | $1,155 |
Wallace 1 Bedroom Apartments | $1,105 | $294 | $1,980 |
Wallace 2 Bedroom Apartments | $1,413 | $545 | $1,980 |
Wallace 3 Bedroom Apartments | $1,667 | $650 | $2,500 |
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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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Beardsley Apartments | One Bedroom | 1BR,1BA | $519 |
Prairie Park Fairmount Apartments | 2 Beds, 1 bath | 2BR,1BA | $545 |
Wheatgrass Village I | Efficency with 1 bath | Studio,1BA | $695 |
Ridgeview Manor - Trail I and II | 2BR/1.0BA | 2BR,1BA | $700 |
Southland Court | Studio - B | Studio,1BA | $750 |
Best Value Apartments for Rent in Wallace, SD and Nearby
As of October 11, 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 2BR/2.0BA Model at One & Two Willow Creek starting at $1,475 with a $0.87 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. |
---|---|---|---|
Cloverfield Townhomes | 3 Bed | 3BR,2.5BA | $1.16 |
One & Two Willow Creek | 2BR/2.0BA | 2BR,2BA | $0.87 |
1009 Southland Ln | 2 Bed 2 Bath | 2BR,2BA | $1.06 |
105 Carly Dr | 2 Bed | 2BR,1.5BA | $1.04 |
Innovation Village | Main F | 1BR,1BA | $1.35 |
Prairie Park Fairmount Apartments | 3 Beds, 1 bath | 3BR,1BA | $0.67 |
Ridgeview Manor - Trail I and II | 2BR/1.0BA | 2BR,1BA | $0.74 |
Beardsley Apartments | One Bedroom | 1BR,1BA | $0.58 |
Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1.40 |
103 N Lloyd St, Unit 6 | 103 N Lloyd St | 1BR,1BA | $0.47 |
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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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.

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.