Cheap Apartments for Rent in Lake City, SD from $500 (35 Rentals)

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Cheap Apartments in Lake City.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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320 1st St
1 to 2 Bedroom Apartments

320 1st St

320 1st StClinton, MN 56225
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Goldenwood
1 Bedroom Apartments

Goldenwood

1145 Friberg AveFergus Falls, MN 56537
Senior Living
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Del Rose Apartments
2 Bedroom Apartments

Del Rose Apartments

504 3rd Ave NWahpeton, ND 58075
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Aspen Green II
1 to 2 Bedroom Apartments

Aspen Green II

720 Melody LnFergus Falls, MN 56537
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Home Rite Apartments
1 Bedroom Apartments

Home Rite Apartments

126 1st St SEOrtonville, MN 56278
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Archer Flats
Studio to 1 Bedroom Apartments

Archer Flats

2308 14th Ave NEWatertown, SD 57201
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Showing Results 1-35, Page 1 of 1

Lake City, SD Local Guide

Cheapest Available Lake City Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake City, SD is a 2 Beds unit found at Natures Edge Partners LLC priced from $25. Beardsley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $519. Here is today’s list of the most affordable Lake City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Natures Edge Partners LLC2B1B Subsidy2BR,1BA$25
Beardsley ApartmentsOne Bedroom1BR,1BA$519
806 W 5th StStudioStudio,1BA$525
Prairie Park Fairmount Apartments2 Beds, 1 bath2BR,1BA$545
Heritage Square1 Bed, 1 bath1BR,1BA$575
Liberty Lights Apartments1 Bedroom1BR,1BA$639
Southview Apartments2 Bed/1 Bath2BR,1BA$650
Spruce Place Apartments2 Bedroom | Spruce Place2BR,1BA$720
Aberdeen Communities1 BED 1BATH1BR,1BA$795
Gwinner I & II Apartments2br/1bath2BR,1BA$800

Best Value Apartments for Rent in Lake City, SD and Nearby

As of May 01, 2025 the best value apartment in the Lake City area is the $1.34 price per square foot 2BR/2.0BA Model at One & Two Willow Creek in the starting from $1,750. The second greatest value Lake City apartment is the 3BR/1BA Model at Oakes I & II Apartments starting at $900 with a $0.83 price per square foot . Here is today’s list of the best values for Lake City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
One & Two Willow Creek2BR/2.0BA2BR,2BA$1.34
Oakes I & II Apartments3BR/1BA3BR,1BA$0.83
Prairie Park Fairmount Apartments3 Beds, 1 bath3BR,1BA$0.67
Beardsley ApartmentsOne Bedroom1BR,1BA$0.58
Gwinner I & II Apartments2br/1bath2BR,1BA$0.91
Wilkeshire Apartments1 Bed 1 Bath1BR,1BA$1.04
Colonial Village ApartmentsColonial: 2 Bedroom Apt2BR,1BA$1.23
Spruce Place Apartments2 Bedroom | Spruce Place2BR,1BA$1.00
Southview Apartments2 Bed/1 Bath2BR,1BA$0.93
Liberty Lights Apartments1 Bedroom1BR,1BA$1.22

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lake City, SD Rentals by Map

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See the most popular apartments and homes in Lake City, SD

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Getting Around Lake City, SD

Walk Score®

2 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

28 / 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 Lake City Apartments

What is the Cheapest Studio apartment in Lake City?

Currently the most affordable Cheap Studio Apartment in Lake City is at 806 W 5th St listed at $525.

How much is rent for a Cheap One Bedroom Lake City Apartment?

The lowest price for a Cheap One Bedroom Lake City Apartment is $25 at Natures Edge Partners LLC.

What is the lowest price for a Cheap Two Bedroom Lake City Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake City is starting from $25 at Natures Edge Partners LLC.

What is the most affordable Lake City Three Bedroom Apartment?

The best deal on a cheap Lake City 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.

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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.