Apartments for Rent in South Dakota under $500
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1 bd $475+Base rent Income restricted4.0 (3)1309 N Cleveland Avenue, Sioux Falls, SD 57103Apply online • Pet friendly • In unit laundry
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Ask for pricingIncome restricted4.5 (1)8600 W 41St Street, Sioux Falls, SD 57106Dishwasher • Air conditioner • Washer/Dryer
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Studio $391+1 bd $416+Base rent Income restricted3.0 (2)230 S Minnesota Ave, Sioux Falls, SD 57104In unit laundry • Dishwasher • Air conditioner
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1 bd $487+Base rent Income restricted4.5 (1)5450 E Blarney Place, Sioux Falls, SD 57110Dishwasher • Air conditioner • Washer/Dryer
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Ask for pricingIncome restricted4.5 (1)3815 N Potter Avenue, Sioux Falls, SD 57107Dishwasher • Air conditioner • Washer/Dryer
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Ask for pricingIncome restricted2415 S Capital St, Mitchell, SD 57301Dishwasher • Air conditioner • Washer/Dryer
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1 bd $480+Base rent Income restricted5.0 (3)530 E Stumer Rd, Rapid City, SD 57701Pet friendly • Dishwasher • Air conditioner
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Frequently asked questions
When were prices and availability in South Dakota last updated?
Prices and availability in South Dakota were last updated on 19 Jun 2026.
What are the best apartments in South Dakota?
The best apartments in South Dakota are: Graystone Townhomes, Benson Village Townhomes, The Overture on Cliff, Lakewood Apartments and Townhomes and Silos at Ellis Crossing.
What type of rental buildings are in South Dakota?
In South Dakota 31% of the housing is rented out compared to 69% of homes are owned, according to the most recent Census Bureau estimates. 10% of South Dakota's apartments are found in large buildings of 50 units or more, 59% are located in smaller apartment complexes with less than 50 units, and 26% are single-family rentals.
Search for apartments in South Dakota under $500
There’s more than one way to spend $500 on rent in South Dakota, so the first step is to start thinking about what you really want from your new home. Be mindful of what makes you tick. Look for 2 bedroom apartments for rent for less than $500 if you want to share your living space and don’t mind being further away from the city center. Search for 3 bedroom apartments if you’re moving in with family or planning to share part of your life and living expenses with more friends. If city bustle is what you live for, you might want to search for a studio or 1 bedroom apartment closer to the city center.
The perfect $500 rental near you
Don’t dismiss the idea of a studio just because it sounds small and featureless: studios come in many shapes and sizes, and it only takes a few strikes of creativity to go from drab to lively. If an all-in-one-room apartment spells total lack of privacy for you, have a look at the 1 bedroom apartments for rent in South Dakota. Customize your search by using more RentCafe filters. Decide what amenities you can’t live without and focus your search on the apartments that offer them. Are you bringing in a pet? Narrow your options to pet-friendly apartments for rent. Want more windows so that natural light floods your home? Hardwood floors or plush carpet in the living area? There are 8 apartments for rent below $500 in South Dakota for every taste. Decide what you need, stay focused, and you’re bound to find your perfect apartment in no time.