Cheap Apartments for Rent in Lake Preston, SD from $300 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Preston.

West Oaks Estates

Heritage High Apartments

University Hills Village

Innovation Village

Wheatridge Apartments

Southland Court

Maple Pass Apartments & Townhomes

Yukon at Benson

Marion Crossing Apartments

Forte of Brookings: 50+ Community!

Wilkeshire Apartments

Edgerton Place

Archer Flats

512 S Duff St

400 N Main St

University Hill Village - UHV Building 2

223 N Main St

University Hills Village - UHV Building 4
Lake Preston, SD Local Guide

How much does it cost to rent an apartment in Lake Preston?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lake Preston Studio Apartments | $927 | $745 | $1,326 |
Lake Preston 1 Bedroom Apartments | $1,095 | $790 | $1,885 |
Lake Preston 2 Bedroom Apartments | $1,441 | $740 | $2,118 |
Lake Preston 3 Bedroom Apartments | $1,681 | $399 | $2,534 |
Lake Preston 4 Bedroom Apartments | $1,695 | $1,695 | $1,695 |
Browse Top Apartments in Lake Preston
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Lake Preston, SD Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Southland Court | Studio - B | Studio,1BA | $795 |
Lake Area Townhomes | 1 Bedroom | 1BR,1BA | $810 |
University Hills Village | Studio - 559 sqft | Studio,1BA | $825 |
West Oaks Estates | Efficiency Unit | Studio,1BA | $849 |
The Oaks | Studio | Studio,1BA | $863 |
Best Value Apartments for Rent in Lake Preston, SD and Nearby
As of March 12, 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 2x1.5 Model at 100 W 10th St starting at $1,195 with a $0.80 price per square foot . Here is today’s list of the best values for Lake Preston 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 |
100 W 10th St | 2x1.5 | 2BR,1.5BA | $0.80 |
One & Two Willow Creek | 2BR/2.0BA | 2BR,2BA | $1.08 |
Lake Area Townhomes | 2 Bedroom | 2BR,2.5BA | $1.00 |
Fifth Street Apartments & Townhouses | Upper Apartment | 3BR,2BA | $1.20 |
Maple Pass Apartments & Townhomes | 3 Bed 2 Bath Apartment | 3BR,2BA | $1.02 |
Wheatridge Apartments | 2 Bed 2 Bath | 2BR,2BA | $0.96 |
Wilkeshire Apartments | 1 Bed 1 Bath | 1BR,1BA | $0.92 |
Thelin Center | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.24 |
Marion Crossing Apartments | 1 Bed 1 Bath Apartment | 1BR,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 $900 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 $1,225.
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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
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.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.