
Cheap Apartments for Rent in Wallace, SD from $500 (26 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
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Oakes I & II Apartments

Heritage High Apartments

Southland Court

Innovation Village

The Oaks

Depot Apartments
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Prairie Springs Apartments

Prairie Village Apartments

Wilmot Estates

Trails Head

Forte of Brookings: 50+ Community!
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17 2nd Ave NE

322 3rd Ave
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 | $905 | $750 | $1,155 |
Wallace 1 Bedroom Apartments | $1,132 | $294 | $1,980 |
Wallace 2 Bedroom Apartments | $1,432 | $545 | $1,980 |
Wallace 3 Bedroom Apartments | $1,646 | $650 | $2,200 |
Wallace 4 Bedroom Apartments | $1,695 | $1,695 | $1,695 |
Browse Top Apartments in Wallace
See all Apartments in WallaceExplore Wallace
Wallace, SD Local Guide
- Nearby Cities
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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 |
Southland Court | Studio - B | Studio,1BA | $750 |
Oakes I & II Apartments | 3BR/1BA | 3BR,1BA | $900 |
Aberdeen Communities | 1 BED 1BATH | 1BR,1BA | $925 |
1009 Southland Ln | 1 Bed 1 Bath | 1BR,1BA | $965 |
Wheatgrass Village I | 2X - 906 | 2BR,1BA | $990 |
Sioux Village | Studio | Studio,1BA | $995 |
Generations on 1st | 1BR/1.0BA | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Cloverfield Townhomes | 3 Bed | 3BR,2.5BA | $1.22 |
105 Carly Dr | 2 Bed | 2BR,1.5BA | $1.23 |
Oakes I & II Apartments | 3BR/1BA | 3BR,1.5BA | $0.83 |
Marketplace Apartments | 2BR/2.0BA | 2BR,2BA | $1.37 |
Forte Living of Aberdeen: 50+ Community! | Wren | 2BR,2BA | $1.42 |
Prairie Park Fairmount Apartments | 3 Beds, 1 bath | 3BR,1BA | $0.67 |
Wheatgrass Village I | 2X - 906 | 2BR,1BA | $1.09 |
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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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
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 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.

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.

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.

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.

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.