
Cheap Homes for Rent in Wallace, SD from $400 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Wallace.


511 Main Ave N

262 2nd St SW

608 W 3rd St

124 8th Ave SW

179 8th St NE

241 E Ronning Ave

309 W Washington Ave
Wallace, SD Local Guide

How much does it cost to rent a home in Wallace?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Wallace 2 Bedroom Homes for Rent | $1,220 | $275 | $1,850 |
Wallace 3 Bedroom Homes for Rent | $3,191 | $1,500 | $10,000+ |
Wallace 4 Bedroom Homes for Rent | $1,348 | $950 | $1,900 |
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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 |
Best Value Apartments for Rent in Wallace, SD and Nearby
As of September 20, 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 2 Bath Model at 1009 Southland Ln starting at $1,275 with a $1.06 price per square foot in the Downtown Brookings neighborhood. 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 |
1009 Southland Ln | 2 Bed 2 Bath | 2BR,2BA | $1.06 |
105 Carly Dr | 2 Bed | 2BR,1.5BA | $1.04 |
Wilkeshire Apartments | 1080 sf 2b/1b | 2BR,1BA | $1.11 |
Marketplace Apartments | K | 2BR,2BA | $1.39 |
Wilmot Estates Apartments | 2 Bedroom 2 Bathroom Apartment | 2BR,2BA | $1.32 |
Prairie Park Fairmount Apartments | 3 Beds, 1 bath | 3BR,1BA | $0.67 |
Beardsley Apartments | One Bedroom | 1BR,1BA | $0.58 |
1631 Olive Dr | Two Bedroom | 2BR,1BA | $1.16 |
103 N Lloyd St, Unit 6 | 103 N Lloyd St | 1BR,1BA | $0.47 |
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Frequently Asked Questions about Wallace
What type of rentals are currently available in Wallace?
There are currently 47 Apartments for Rent in Wallace, SD with pricing that ranges from $294 to $2,500. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wallace ranging from $275 to $10,000.
What is the current price range for Rental Homes in Wallace?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Wallace ranges from $275 to $10,000 with an average monthly rent of $1,608.
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.