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Apartments for Rent in Sioux Falls, SD under $500

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    Technology Heights Apartments

    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

    YMCA

    3.0 (2)
    230 S Minnesota Ave, Sioux Falls, SD 57104
    In unit laundry • Dishwasher • Air conditioner
  • Ask for pricing
    Income restricted
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    The Grove At Ellis Crossing

    4.5 (1)
    8600 W 41St Street, Sioux Falls, SD 57106
    Dishwasher • Air conditioner • Washer/Dryer
  • 1 bd $475+
    Base rent Income restricted
    Verified Listing

    Dakota Ridge Apartments

    4.0 (3)
    1309 N Cleveland Avenue, Sioux Falls, SD 57103
    Pet friendly • In unit laundry • Dishwasher
  • 1 bd $487+
    Base rent Income restricted
    Verified Listing

    Trinity Point

    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 31 Aug 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 housing is rented out compared to 60% of homes are owned, according to the most recent Census Bureau estimates. 17% of Sioux Falls's apartments are found in large buildings of 50 units or more, 70% are located in smaller apartment complexes with less than 50 units, and 11% are single-family rentals.

Your search for apartments in Sioux Falls, SD under $500 stops here

Finding apartments for rent in Sioux Falls, SD for less than $500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 5 available units in Sioux Falls, SD, renting for under $500. On average, $610 can get you 940 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $500 in Sioux Falls, SD goes for $391 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.