309 W Washington Ave
HowardSD57349
Cheap Homes for Rent in Lake Preston, SD from $900 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Preston.
404 E 4th Ave
MitchellSD57301
1301 John Deere Cir
MadisonSD57042
705 S Davison St
MitchellSD57301
805 4th St
GarretsonSD57030
415 N Sanborn Blvd
MitchellSD57301
415 N Capital St
MitchellSD57301
515 E Hanson Ave
MitchellSD57301
213 4th St NE
WatertownSD57201
Showing Results 1-9, Page 1 of 1
Lake Preston, SD Local Guide
South Dakota Sunrise by USDA NRCS South Dakota is licensed under CC BY 2.0
How much does it cost to rent a home in Lake Preston?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Preston 2 Bedroom Homes for Rent | $1,899 | $1,800 | $1,999 |
| Lake Preston 3 Bedroom Homes for Rent | $2,167 | $1,050 | $10,000+ |
| Lake Preston 4 Bedroom Homes for Rent | $2,355 | $1,300 | $3,495 |
| Lake Preston 5 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
Browse Top Homes for Rent in Lake Preston
Explore Lake Preston
Lake Preston, SD Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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 |
Best Value Apartments for Rent in Lake Preston, SD and Nearby
As of March 23, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wheatgrass Village I | TH 4P/B - 1,640 | 4BR,2.5BA | $1.03 |
| Lake Area Townhomes | 2 Bedroom | 2BR,2.5BA | $1.00 |
| Fifth Street Apartments & Townhouses | Upper Apartment | 3BR,2BA | $1.20 |
| Wilkeshire Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.88 |
| Wheatridge Apartments | 2 Bed 2 Bath | 2BR,2BA | $0.96 |
| 110 W 10th St | Model A | 2BR,2BA | $1.25 |
| The Brixx Villas | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.29 |
| Thelin Center | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.24 |
| Marion Crossing Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.21 |
| Maple Pass Apartments & Townhomes | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.21 |
Quick 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.
Let everyone know!
Do you know the Lake Preston area?
If you’re an expert on all things Lake Preston, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Lake Preston
What type of rentals are currently available in Lake Preston?
There are currently 48 Apartments for Rent in Lake Preston, SD with pricing that ranges from $399 to $11,100. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Preston ranging from $995 to $10,000.
What is the current price range for Rental Homes in Lake Preston?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Preston ranges from $995 to $10,000 with an average monthly rent of $1,733.
How much are larger Three and Four Bedroom Rentals in Lake Preston?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Preston range from $399 to $2,534, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $10,000. Four Bedroom Single-Family rentals are also available starting from $1,300 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.
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.