
Cheap Homes for Rent in Wallace, SD from $400 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Wallace.


511 Main Ave N
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

262 2nd St SW

500 1st Ave S
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

307 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 | $1,041 | $875 | $1,300 |
Wallace 3 Bedroom Homes for Rent | $4,833 | $2,200 | $10,000+ |
Wallace 4 Bedroom Homes for Rent | $950 | $950 | $950 |
Browse Top Homes for Rent in Wallace
Explore Wallace
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 |
Southland Court | Studio - B | Studio,1BA | $750 |
Best Value Apartments for Rent in Wallace, SD and Nearby
As of June 09, 2025 the best value apartment in the Wallace area is the $1.03 price per square foot TH 4P/B - 1,640 Model at Wheatgrass Village I in the starting from $1,695. The second greatest value Wallace apartment is the 1629 - 3A Model at The Plains Apartments starting at $1,870 with a $1.37 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 | TH 4P/B - 1,640 | 4BR,2.5BA | $1.03 |
The Plains Apartments | 1629 - 3A | 3BR,2BA | $1.37 |
One & Two Willow Creek | 2BR/2.0BA | 2BR,2BA | $1.08 |
Oakes I & II Apartments | 3BR/1BA | 3BR,1BA | $0.83 |
Prairie Park Fairmount Apartments | 3 Beds, 1 bath | 3BR,1BA | $0.67 |
Marketplace Apartments | G | 2BR,1BA | $1.45 |
Beardsley Apartments | One Bedroom | 1BR,1BA | $0.58 |
1631 Olive Dr | Two Bedroom | 2BR,1BA | $1.22 |
1009 Southland Ln | 1 Bed 1 Bath | 1BR,1BA | $1.44 |
103 N Lloyd St, Unit 6 | 103 N Lloyd St | 1BR,1BA | $0.47 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Wallace
What type of rentals are currently available in Wallace?
There are currently 43 Apartments for Rent in Wallace, SD with pricing that ranges from $294 to $1,900. There are also 12 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 $1,845.
How much are larger Three and Four Bedroom Rentals in Wallace?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Wallace range from $650 to $1,870, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $10,000. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $1,695.
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 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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.