Cheap Apartments for Rent in the Downtown Sioux Falls Neighborhood of Sioux Falls, SD from $300 (32 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
close
View Me
YMCA
1 to 3 Bedroom Apartments

YMCA

230 S Minnesota AveSioux Falls, SD 57104

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.

Read Article
close
View Me
703 S Dakota Ave
2 Bedroom Apartments

703 S Dakota Ave

703 S Dakota AveSioux Falls, SD 57104
close
View Me
The Edge On Main
1 to 2 Bedroom Apartments

The Edge On Main

638 S Main AveSioux Falls, SD 57104
  • Utilities Included

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.

Read Article
close
View Me
322 E 15th St
1 Bedroom Apartments

322 E 15th St

322 E 15th StSioux Falls, SD 57104
  • Utilities Included
Showing Results 1-32, Page 1 of 1

Downtown Sioux Falls, Sioux Falls, SD Local Guide

Cheapest Available Downtown Sioux Falls Apartments for Rent

 

The cheapest available apartment rental in the Downtown Sioux Falls area of Sioux Falls, SD is a 1 Bed unit found at YMCA priced from $392. River Tower Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable Downtown Sioux Falls apartments for rent in Sioux Falls, SD:

Apartment ListingModel NameBed/BathPriced From
YMCA1 Bedroom / 1 Bathroom1BR,1BA$392
River Tower ApartmentsStudioStudio,1BA$699
Falls View ApartmentsOlympic1BR,1BA$749
Parkway Apartments1 Bedroom 1 Bathroom1BR,1BA$795
Dakota PointeA1BR,1BA$834
PRAIRIE POINTE APARTMENTS1BR/1.0BA1BR,1BA$900
The One2StudioStudio,1BA$930
Eastern Hills Apartments1BR/1.0BA1BR,1BA$950

Best Value Apartments for Rent in Downtown Sioux Falls, SD

As of May 10, 2025 the best value apartment in the Downtown Sioux Falls area is the $0.93 price per square foot 1BR/1.0BA Model at Eastern Hills Apartments in the in the East Sioux Falls neighborhood starting from $950. The second greatest value Downtown Sioux Falls apartment is the 2Bed/2Bath Model at Prescott Place Apartments, LLC starting at $1,417 with a $1.46 price per square foot in the Central Sioux Falls neighborhood. Here is today’s list of the best values for Downtown Sioux Falls apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eastern Hills Apartments1BR/1.0BA1BR,1BA$0.93
Prescott Place Apartments, LLC2Bed/2Bath2BR,2BA$1.46
The Residences at Security National1Bed/1Bath1BR,1BA$1.34
PRAIRIE POINTE APARTMENTS1BR/1.0BA1BR,1BA$1.13
Dakota Lofts Downtown1 Bedroom 1 Bathroom Apartment1BR,1BA$1.47
YMCA1 Bedroom / 1 Bathroom1BR,1BA$0.54
Dakota PointeA1BR,1BA$1.21
400 N Spring ave, Unit 3400 N Spring ave1BR,1BA$1.32
Parkway Apartments1 Bedroom 1 Bathroom1BR,1BA$1.45
Falls View ApartmentsOlympic1BR,1BA$1.43

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Sioux Falls, Sioux Falls, SD

Ranked #12

Among neighborhoods in Sioux Falls, SD for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Getting Around the Downtown Sioux Falls Neighborhood in Sioux Falls, SD

Walk Score®

83 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

79 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

35 / 100

Some Transit

A few nearby public transportation options

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 Downtown Sioux Falls Apartments

What is the Cheapest Studio apartment in Downtown Sioux Falls?

Currently the most affordable Cheap Studio Apartment in Downtown Sioux Falls is at River Tower Apartments listed at $699.

How much is rent for a Cheap One Bedroom Downtown Sioux Falls Apartment?

The lowest price for a Cheap One Bedroom Downtown Sioux Falls Apartment is $392 at YMCA.

What is the lowest price for a Cheap Two Bedroom Downtown Sioux Falls Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Sioux Falls is starting from $1,050 at PRAIRIE POINTE APARTMENTS.

What is the most affordable Downtown Sioux Falls Three Bedroom Apartment?

The best deal on a cheap Downtown Sioux Falls Three Bedroom Apartment rental is at The One2 and starts from $2,415.

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.