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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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  • Studio $391+
    1 bd $416+
    Base rent Income restricted
    Verified Listing

    3.0 (2)
    230 S Minnesota Ave, Sioux Falls, SD 57104
    Apply online • In unit laundry • Dishwasher
  • Rent specials
    1 bd $475+
    Base rent Income restricted
    Verified Listing

    4.0 (3)
    1309 N Cleveland Avenue, Sioux Falls, SD 57103
    Pet friendly • In unit laundry • Dishwasher
  • Ask for pricing
    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
  • 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 15 Jul 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.

Apartments in Sioux Falls, SD under $500

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $500?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 5 apartments for rent in Sioux Falls, SD on which you’ll spend less than $500. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $500

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $500. The average rental size in Sioux Falls, SD is 940 Sqft, but the $500 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.