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Apartments for Rent in Sioux Falls, SD under $500

7 Rentals Available
Apartments for Rent in Sioux Falls, SD under $500. 7 Rentals Available
  • a living room with a couch and a table
    Today

    3815 N Potter Avenue, Sioux Falls, SD 57107
    1 BED Ask for Pricing
  • a living room with a couch and a table
    Today

    8600 W 41St Street, Sioux Falls, SD 57106
    1 BED Ask for Pricing
  • a living room and kitchen with a couch and a table
    Today

    4125 W Cayman St, Sioux Falls, SD 57107
    1 BED Ask for Pricing
  • the view of a kitchen with a sink and refrigerator and
    Today

    822 N Minnesota Avenue, Sioux Falls, SD 57104
    1 BED Ask for Pricing
  • a kitchen with wooden cabinets and a sink and a window
    Today

    230 S Minnesota Ave, Sioux Falls, SD 57104
    STUDIO Ask for Pricing
    1 BED Ask for Pricing
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  • a conference room with a table and chairs and a kitchen
    Today

    5450 E Blarney Place, Sioux Falls, SD 57110
    1 BED Ask for Pricing
  • the living room of a home with a window and carpet
    Today

    1309 N Cleveland Avenue, Sioux Falls, SD 57103
    1 BED Ask for Pricing
7-0-city
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Getting around in Sioux Falls, SD

42 /100
Car-Dependent
23 /100
Minimal Transit
41 /100
Somewhat Bikeable
Walk Score®: 42, 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 20 Feb 2026.

What are the best apartments in Sioux Falls, SD?

The best apartments in Sioux Falls, SD are: Sunrise Landing, Platinum Valley Apartments, River Tower Apartments, The Muse on Lancaster and Diamond Field 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, 70% are small-scale complexes with under 50 units, and 12% 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 7 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 937 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.

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