Cheap Apartments for Rent in Lake Preston, SD from $300 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lake Preston.

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Eastside Townhomes
2 to 3 Bedroom Apartments

Eastside Townhomes

732 4th St SELake Preston, SD 57249
  • Utilities Included
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Woodland Park - Ivanhoe
1 to 2 Bedroom Apartments

Woodland Park - Ivanhoe

106 N County Road 5Ivanhoe, MN 56142
Senior Living
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Cathedral Square II
1 Bedroom Apartments

Cathedral Square II

500 N Langdon StMitchell, SD 57301
Senior Living
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Greenridge Apartments
1 Bedroom Apartments

Greenridge Apartments

1500 N Kimball StMitchell, SD 57301
Senior Living
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Showing Results 1-24, Page 1 of 1

Lake Preston, SD Local Guide

Cheapest Available Lake Preston Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Preston, SD is a Studio unit found at Southland Court in the Downtown Brookings neighborhood priced from $795. Lake Area Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $810. Here is today’s list of the most affordable Lake Preston apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Southland CourtStudio - BStudio,1BA$795
Lake Area Townhomes1 Bedroom1BR,1BA$810
University Hills VillageStudio - 559 sqftStudio,1BA$825
Maple Pass Apartments & Townhomes1 Bed 1 Bath Apartment1BR,1BA$835
West Oaks EstatesEfficiency UnitStudio,1BA$849

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

As of March 24, 2025 the best value apartment in the Lake Preston 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 Lake Preston apartment is the 2 Bedroom Model at Lake Area Townhomes starting at $1,240 with a $1.00 price per square foot . Here is today’s list of the best values for Lake Preston apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wheatgrass Village ITH 4P/B - 1,6404BR,2.5BA$1.03
Lake Area Townhomes2 Bedroom2BR,2.5BA$1.00
Fifth Street Apartments & TownhousesUpper Apartment3BR,2BA$1.20
Wilkeshire Apartments2 Bed 1 Bath2BR,1BA$0.88
Wheatridge Apartments2 Bed 2 Bath2BR,2BA$0.96
110 W 10th StModel A2BR,2BA$1.25
The Brixx Villas1 Bedroom, 1 Bathroom1BR,1BA$1.29
Thelin Center1 Bedroom 1 Bathroom1BR,1BA$1.24
Marion Crossing Apartments1 Bed 1 Bath Apartment1BR,1BA$1.21
Maple Pass Apartments & Townhomes1 Bed 1 Bath Apartment1BR,1BA$1.21

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Getting Around Lake Preston, SD

Walk Score®

22 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

35 / 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 Preston Apartments

What is the Cheapest Studio apartment in Lake Preston?

Currently the most affordable Cheap Studio Apartment in Lake Preston is at Southland Court listed at $795.

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

The lowest price for a Cheap One Bedroom Lake Preston Apartment is $810 at Lake Area Townhomes.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lake Preston is starting from $950 at Wilkeshire Apartments.

What is the most affordable Lake Preston Three Bedroom Apartment?

The best deal on a cheap Lake Preston Three Bedroom Apartment rental is at Maple Pass Apartments & Townhomes and starts from $1,240.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

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When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

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