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Apartments for Rent in Sioux Falls, SD under $500
6 Rentals Available

  • 4 days ago

    8600 W 41St Street, Sioux Falls, SD 57106
    1 BED Ask for Pricing
  • 4 days ago

    4125 W Cayman St, Sioux Falls, SD 57107
    1 BED Ask for Pricing
  • 4 days ago

    3815 N Potter Avenue, Sioux Falls, SD 57107
    1 BED Ask for Pricing
  • 4 days ago

    230 S Minnesota Ave, Sioux Falls, SD 57104
    STUDIO Ask for Pricing
    1 BED Ask for Pricing
  • 4 days ago

    1309 N Cleveland Avenue, Sioux Falls, SD 57103
    1 BED Ask for Pricing
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  • Today

    5450 E Blarney Place, Sioux Falls, SD 57110
    1 BED Ask for Pricing
6-0-city
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Popular searches Average rent Renters guide Demographics

Getting around in Sioux Falls, SD

41 /100
Car-Dependent
23 /100
Minimal Transit
41 /100
Somewhat Bikeable
Walk Score®: 41, Transit Score®: 23, Bike Score®: 41

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 17 Feb 2025.

What are the best apartments in Sioux Falls, SD?

The best apartments in Sioux Falls, SD are: Benson Village Townhomes, The Rowe on 57th Street, Aspen Commons, Rocky Ridge Townhomes and Ridgeview East Townhomes.

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, 69% are small-scale complexes with under 50 units, and 13% 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 per month, there are 6 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.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!