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Apartments Under $500 in Sioux Falls, SD

1 - 13 of 13 Results
41
3D Tour
$495 - 1,005
Vineyard Heights Apartments
6101 South Vineyard Avenue Sioux Falls, SD
2 BR | Available Now
Contact
Virtual Tour
Luxury
Income Restricted
Air Conditioning
Surface Parking
18
$475 - 754
Dakota Ridge Apartments
1309 N Cleveland Avenue Sioux Falls, SD
1 BR | Available Now
Contact
Air Conditioning
Surface Parking
Balcony/Deck/Patio
Dishwasher
11
$25 - 620
Spring Hill Apartments
932 South Blaine Avenue Sioux Falls, SD
1 BR | Ask for Availability
Contact
Heat Included
Income Restricted
Air Conditioning
Storage
Disability Access
9
$225
927 E 8Th St Suite 114
Sioux Falls, SD
Studio | Available Now
Contact
Heat Included
Furnished
Air Conditioning
8
$ Ask - 1,006
Wellington Park Apartments
5.0
2815 E 11Th St Sioux Falls, SD
1 - 2 BR | Ask for Availability
Contact
Heat Included
Income Restricted
Air Conditioning
Balcony/Deck/Patio
Disability Access
13
$399
322 E 15th St Unit 4
Sioux Falls, SD
1 BR | Available Now
Contact
14
$299
703 S Dakota Ave Unit 9
Sioux Falls, SD
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Downtown Sioux Falls
21
$499
1229 E 8th St Unit 1229
Sioux Falls, SD
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
1
$225
927 E 8Th St
Sioux Falls, SD
Studio | Apr. 12, 2026
Contact
Heat Included
Furnished
Air Conditioning
1
$ Ask - 950
Baha 2
4901 S Baha Ave Sioux Falls, SD
2 BR | May. 1, 2026
Contact
0
$499
2 Bd, 1 Ba With Lots Of Storage, Centrally Located Near Downtown Sioux Falls
700 W 6th St #05 Sioux Falls, SD
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$499
Gepc Properties Plex
1227 E 8th St Sioux Falls, SD
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$299
2 Bd, 1 Ba - Just Blocks From Downtown Sioux Falls, Heat Paid, Pet Friendly!
703 S Dakota Ave #9 Sioux Falls, SD
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Downtown Sioux Falls
1 - 13 of 13 Results
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  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Sioux Falls, SD on Rentable.co?

There are 13 apartments under $500 in Sioux Falls currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Sioux Falls?

Rentable.co has 15 studio apartments under $500 available for rent in Sioux Falls.

How many one-bedroom apartments under $500 are available in Sioux Falls?

Rentable.co has 83 one-bedroom apartments under $500 available for rent in Sioux Falls.

How many two-bedroom apartments under $500 are available in Sioux Falls?

Rentable.co has 135 two-bedroom apartments under $500 available for rent in Sioux Falls.

Can I afford a apartment under $500 in Sioux Falls, SD?

To comfortably afford a apartment under $500 in Sioux Falls based on average rent prices, a household would need an annual income of $14,000.

Which neighborhoods have the most apartments under $500 for rent in Sioux Falls, SD?

  1. Downtown Sioux Falls

Apartments Under $500 in Sioux Falls, SD: April Rental Information

Welcome to the April 2026 Sioux Falls Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2026 key findings and figures for the Sioux Falls rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Sioux Falls and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Sioux Falls. Whether you're a student, young professional, or someone looking for an affordable rental option, this report can help you navigate the Sioux Falls rental market and find the perfect apartment within your budget.
0 15 30 45 60 <$700 $720 $760 $800 $840 $880 $920 $960 $1,000 $1,040 $1,080 $1,120 $1,160 $1,200 $1,240 $1,280 $1,320 $1,360 >$1,400

Available Apartments Under $500: Sioux Falls vs. Surrounding Areas

Sioux Falls, SD
Brandon, SD
24
3
In April 2026, Rentable found a range of affordable apartments in Sioux Falls, SD and the surrounding cities. Among the options available, residents can find a variety of apartments priced under $500. This chart includes data for apartments in Luverne, Valley Springs, Brandon, Lennox, Canton, Marion, Harrisburg, Worthing, Hartford, Dell Rapids, Humboldt, Baltic, and Tea, in addition to Sioux Falls. In total, there are 28 apartments currently on the market that fall within this budget range in the Sioux Falls, SD metro area. Whether you prefer a cozy studio or a one-bedroom apartment, there are plenty of affordable options to consider in this region.

Apartments Under $500 Now vs. Last Month: Sioux Falls and Surrounding Areas

City Apartments Under $500 in April M/M % Change
Sioux Falls, SD 25 +1.07%
Brandon, SD 3 +0.94%
Canton, SD 1 +1.0%
Tea, SD 1 +1.25%
Luverne, MN 0 +1.33%

Looking for Apartments Under $500 in Sioux Falls?

Available apartments under $500 231
Top amenities Storage, Dishwasher, Disability Access, Refrigerator, Microwave
Pet friendly 34
Utilities included 28
Furnished 5
Studio 7
1 Bedroom 10
2 Bedroom 26
Square footage 492 - 4,800
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