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Apartments for Rent in Sioux Falls, SD under $500

Apartments for Rent in Sioux Falls, SD under $500. 5 Rentals Available
5 Rentals Available
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  • Rent specials
    1 bd $475+
    Base rent Income restricted
    Verified Listing

    4.0 (3)
    1309 N Cleveland Avenue, Sioux Falls, SD 57103
    Apply online • Pet friendly • In unit laundry
  • 1 bd $473+
    Base rent Income restricted
    Verified Listing

    4.5 (1)
    8600 W 41St Street, Sioux Falls, SD 57106
    Dishwasher • Air conditioner • Washer/Dryer
  • Ask for pricing
    Income restricted
    Verified Listing

    4.5 (1)
    3815 N Potter Avenue, Sioux Falls, SD 57107
    Dishwasher • Air conditioner • Washer/Dryer
  • Studio $391+
    1 bd $416+
    Base rent Income restricted
    Verified Listing

    3.0 (2)
    230 S Minnesota Ave, Sioux Falls, SD 57104
    In unit laundry • Dishwasher • Air conditioner
  • 1 bd $487+
    Base rent Income restricted
    Verified Listing

    4.5 (1)
    5450 E Blarney Place, Sioux Falls, SD 57110
    Dishwasher • Air conditioner • Washer/Dryer
5-0-city
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Frequently asked questions

When were prices and availability in Sioux Falls, SD last updated?

Prices and availability in Sioux Falls, SD were last updated on 25 Jun 2026.

What are the best apartments in Sioux Falls, SD?
What type of rental buildings are in Sioux Falls, SD?

In Sioux Falls, 40% of the residents are renting compared to 60% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 16% of Sioux Falls's rentals, 70% are small-scale complexes with under 50 units, and 12% are single-family rentals.

Renting apartments in Sioux Falls, SD under $500

Searching for apartments for rent in Sioux Falls, SD under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Sioux Falls, SD, where the average rent is $626 per month, there are 5 units available for less than $500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Sioux Falls, SD. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Sioux Falls, SD going for $391 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.