801 S 1st Ave
Sioux FallsSD57104
Cheap Homes for Rent in Downtown Sioux Falls Neighborhood of Sioux Falls, SD from $700 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Sioux Falls area of Sioux Falls.
814 N Indiana Ave
Sioux FallsSD57103
302 N Spring Ave
Sioux FallsSD57104
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.
Showing Results 1-3, Page 1 of 1
Downtown Sioux Falls, Sioux Falls, SD Local Guide
How much does it cost to rent a home in Downtown Sioux Falls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Sioux Falls 2 Bedroom Homes for Rent | $1,825 | $1,150 | $2,500 |
| Downtown Sioux Falls 3 Bedroom Homes for Rent | $1,431 | $1,299 | $1,599 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Downtown Sioux Falls Neighborhood of Sioux Falls, SD.
Explore Sioux Falls
Downtown Sioux Falls, Sioux Falls, SD Local Guide
- Nearby Sioux Falls neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in Downtown Sioux Falls, SD
As of April 29, 2025 the best value apartment in the Downtown Sioux Falls area is the $0.98 price per square foot 2BR/1.0BA Model at Eastern Hills Apartments in the in the East Sioux Falls neighborhood starting from $995. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eastern Hills Apartments | 2BR/1.0BA | 2BR,1BA | $0.98 |
| Prescott Place Apartments, LLC | 2Bed/2Bath | 2BR,2BA | $1.46 |
| Uptown Exchange Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.54 |
| Minnesota Apartments | 2 Bedrooms / 1 Bathroom | 2BR,1BA | $1.00 |
| Phillips Avenue Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.47 |
| The Residences at Security National | 1Bed/1Bath | 1BR,1BA | $1.34 |
| PRAIRIE POINTE APARTMENTS | 1BR/1.0BA | 1BR,1BA | $1.18 |
| YMCA | 1 Bedroom / 1 Bathroom | 1BR,1BA | $0.54 |
| Parkway Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.45 |
| Falls View Apartments | Olympic | 1BR,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.
Let everyone know!
Do you know the Downtown Sioux Falls area?
If you’re an expert on all things Downtown Sioux Falls, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Downtown Sioux Falls
What type of rentals are currently available in Downtown Sioux Falls?
There are currently 69 Apartments for Rent in Downtown Sioux Falls, SD with pricing that ranges from $500 to $5,268. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Sioux Falls ranging from $750 to $2,500.
What is the current price range for Rental Homes in Downtown Sioux Falls?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Sioux Falls ranges from $750 to $2,500 with an average monthly rent of $1,301.
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.
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.
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.
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.