Cheap Apartments for Rent in Sioux Falls, SD from $300 (284 Rentals)

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Search the lowest-cost Apartments available for rent right now in Sioux Falls.

property at 512 W 16th St

512 W 16th St

Sioux FallsSD57104
property at 1223 W 12th St

1223 W 12th St

Sioux FallsSD57104

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property at 2500 E 10th St

2500 E 10th St

Sioux FallsSD57103
Showing Results 1-50, Page 1 of 6

Sioux Falls, SD Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Sioux Falls, SD

Pricing Updated: 04/29/2025

Current apartment rentals in the Sioux Falls, SD area range in price from $450 to $5,268 with an overall median price of $2,085. The three Sioux Falls neighborhoods with the lowest median rent pricing are Empire Mall at $676, Western Mall at $676, and Southwest Sioux Falls at $676. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Sioux Falls Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Empire Mall$1,193$676155
Western Mall$1,249$676115
Southwest Sioux Falls$1,330$676131
Prairie Tree$1,356$676196
Crown Pointe$1,385$500230
East Sioux Falls$1,525$450362
Southeast Sioux Falls$1,650$625256
Northwest Sioux Falls$1,950$450308
Central Sioux Falls$2,420$500350
Mystic Meadows$3,495$450171

Cheapest Available Sioux Falls Apartments for Rent

 

The cheapest available apartment rental in Sioux Falls, SD is a 1 Bed unit found at YMCA in the Central Sioux Falls neighborhood priced from $392. Turning Leaf in the Northeast Sioux Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $450. Here is today’s list of the most affordable Sioux Falls apartments for rent:

Apartment ListingModel NameBed/BathPriced From
YMCA1 Bedroom / 1 Bathroom1BR,1BA$392
Turning LeafOnly $450 for rent!1BR,1BA$450
Taylor's Place ApartmentsRent today for only $450!!!1BR,1BA$450
Arnold's Park Apartments1BR $450// 2BR $550!!Deposit same as rent1BR,1BA$450
Timbercreek (TIM1908)$500 DEPOSIT AND MARCH RENT FREE 20251BR,1BA$500
Hidden HillsWonderful 1BD Available! Apply Today! ONLY $50...1BR,1BA$500
Norton Estates2/1.52BR,1BA$597
Forty One Flats2 Bedroom 2 Bathroom2BR,2BA$612
Legacy Village ApartmentsOne Bedroom B1BR,1BA$625

Best Value Apartments for Rent in Sioux Falls, SD

As of April 29, 2025 the best value apartment in the Sioux Falls area is the $0.57 price per square foot Three Bedroom Model at Horizon Apartments in the in the Northeast Sioux Falls neighborhood starting from $655. The second greatest value Sioux Falls apartment is the 2bd1ba Model at The Whitney starting at $845 with a $0.78 price per square foot in the Northwest Sioux Falls neighborhood. Here is today’s list of the best values for Sioux Falls apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Horizon ApartmentsThree Bedroom3BR,2BA$0.57
The Whitney2bd1ba2BR,1BA$0.78
Jefferson Village3 Bedroom 2 Bathroom3BR,2BA$0.80
Norton Estates2/1.52BR,1.5BA$0.69
Taylor's Place ApartmentsRent today for only $450!!!1BR,1BA$0.56
Forty One Flats2 Bedroom 2 Bathroom2BR,2BA$0.77
Arnold's Park Apartments1BR $450// 2BR $550!!! Deposit same as rent2BR,1BA$0.71
YMCA1 Bedroom / 1 Bathroom1BR,1BA$0.54
Timbercreek (TIM1908)$500 DEPOSIT AND MARCH RENT FREE 20251BR,1BA$0.71
Turning LeafOnly $450 for rent!1BR,1BA$0.75

Quick Rent Budget Calculator

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Sioux Falls Overview

If you’re looking for apartments in Sioux Falls, SD, you’re looking in a wonderful midwestern American city. From arts to festivals to parks, there is never a lack of something to do in Sioux Falls. There are many opportunities to explore history and culture in this city that boasts a small town atmosphere. Compared to many other American cities, commuters living in Sioux Falls apartments face an easy and stress-free commute. Known for being in the “Heart of America,” Sioux Falls is the perfect city whether you’re looking to raise your family, build your career, or settle down and retire.

Why live in Sioux Falls, SD?

Why not Sioux Falls? It boasts a perfect combination of small town and big city. Sioux Falls is big enough to offer many opportunities, while not being as overwhelming as big cities can be. The small town feel provides a great environment to raise a family. Located in the heart of America, Sioux Falls is also within driving distance of many major U.S.cities and landmarks, but with parks, restaurants, shopping, sports, museums, and more, you may never even want to leave.

Pet Friendly Lifestyle
Sioux Falls, SD

Ranked #1

Among cities in South Dakota for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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

Explore Sioux Falls, SD Rentals by Map

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See the most popular apartments and homes in Sioux Falls, SD

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Getting Around Sioux Falls, SD

Walk Score®

47 / 100

Car-Dependent

Most errands require a car

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

19 / 100

Minimal Transit

It may be possible to get on a bus

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 Sioux Falls Apartments

What is a cheap apartment in Sioux Falls?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Sioux Falls is under $625.

What is the price of a cheap apartment in Sioux Falls?

The cheapest apartment in Sioux Falls is YMCA which is listed at $392, while the average apartment in Sioux Falls costs $2,085.

What types of apartments are the cheapest in Sioux Falls?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 57 regular apartments in Sioux Falls that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Sioux Falls?

Cheap apartments in Sioux Falls have an average cost of $518 which is $1,567 cheaper than the average rent for all rentals in Sioux Falls.

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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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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.