
Cheap Apartments for Rent in Waubay, SD from $300 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Waubay.


97 7th Ave S

1045 E 3rd St

902 1st St S

262 2nd St SW

200 7th Ave

Mary's Heights Apartments
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

500 1st Ave S

Heritage Square

Presentation Heights

Beardsley Apartments

602 8th St NE

Western Road Apartments

Oakes I & II Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Gwinner I & II Apartments

Clinton Community Housing

Prairie Park Fairmount Apartments

Del Rose Apartments

503 6th St N

Woodland Park - Ivanhoe

Home Rite Apartments
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.

Ridgeview Manor - Trail I and II
Waubay, SD Local Guide

How much does it cost to rent an apartment in Waubay?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waubay Studio Apartments | $942 | $865 | $1,062 |
| Waubay 1 Bedroom Apartments | $923 | $455 | $1,218 |
| Waubay 2 Bedroom Apartments | $1,181 | $545 | $1,685 |
| Waubay 3 Bedroom Apartments | $1,383 | $800 | $1,800 |
| Waubay 4 Bedroom Apartments | $1,277 | $910 | $1,800 |
Browse Top Apartments in Waubay
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Waubay, SD Local Guide
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Cheapest Available Waubay Apartments for Rent and Nearby
 The cheapest available apartment rental in Waubay, SD is a 1 Bed unit found at Heritage Square priced from $575. Western Road Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $675. Here is today’s list of the most affordable Waubay apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Heritage Square | 1 Bed, 1 bath | 1BR,1BA | $575 |
| Western Road Apartments | 2 Bedroom 1 Bath - 48241 | 2BR,1BA | $675 |
| Gwinner I & II Apartments | 1 br/ 1 bath | 1BR,1BA | $700 |
| Presentation Heights | 50% 1x1 | 1BR,1BA | $708 |
| Eastside Acres | 1 Bed, 1 bath | 1BR,1BA | $761 |
Best Value Apartments for Rent in Waubay, SD and Nearby
As of May 02, 2026 the best value apartment in the Waubay area is the $1.13 price per square foot 3Bed,2.5Bath Model at 1501 N Grove Pl in the starting from $1,700. The second greatest value Waubay apartment is the 2 Bedroom Townhome Model at Archer Flats starting at $1,550 with a $1.79 price per square foot . Here is today’s list of the best values for Waubay apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1501 N Grove Pl | 3Bed,2.5Bath | 3BR,2.5BA | $1.13 |
| Archer Flats | 2 Bedroom Townhome | 2BR,1BA | $1.79 |
| Center Street Apartments | Wahp 2 bed | 2BR,1BA | $0.99 |
| Western Road Apartments | 2 Bedroom 1 Bath - 48241 | 2BR,1BA | $0.91 |
| Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1.46 |
| Gwinner I & II Apartments | 1 br/ 1 bath | 1BR,1BA | $1.10 |
| Presentation Heights | 50% 1x1 | 1BR,1BA | $1.27 |
| Aberdeen Communities | 1 BED 1BATH | 1BR,1BA | $1.91 |
| Eastside Acres | 1 Bed, 1 bath | 1BR,1BA | $1.52 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waubay, SD Rentals by Map
See the most popular apartments and homes in Waubay, SD
Frequently Asked Questions about Cheap Waubay Apartments
How much is rent for a Cheap One Bedroom Waubay Apartment?
The lowest price for a Cheap One Bedroom Waubay Apartment is $575 at Heritage Square.
What is the lowest price for a Cheap Two Bedroom Waubay Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waubay is starting from $675 at Western Road Apartments.
What is the most affordable Waubay Three Bedroom Apartment?
The best deal on a cheap Waubay Three Bedroom Apartment rental is at Heritage Square and starts from $1,195.
Expert Rental Resources
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.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.