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Apartments Under $500 in Sioux Falls, SD

1 - 19 of 19 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
11
3D Tour
$399
Cedar House Apartments
111 N Cleveland Ave Sioux Falls, SD
1 BR | Mar. 16, 2026
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
6
$225
927 E 8Th St Suite 114
Sioux Falls, SD
Studio | Available Now
Contact
Heat Included
Furnished
Air Conditioning
50
$500
Arnold's Park Apartments
1201-1209 N Prairie Ave Sioux Falls, SD
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
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 | Jan. 5, 2026
Contact
14
$100
4904 W Kirkwood Cir Unit 203
Sioux Falls, SD
1 BR | Available Now
Contact
16
$399
412 S Thompson Ave Unit 4
Sioux Falls, SD
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
20
$499
3604 S Cathy Ave Unit 3
Sioux Falls, SD
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
9
$399
111 N Cleveland Ave
Sioux Falls, SD
1 BR | Mar. 16, 2026
Contact
Dog Friendly
Cat Friendly
2
$500
Taylor's Place Apartments
4213 E 12th St Sioux Falls, SD
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
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
14
$499
703 S Dakota Ave Unit 9
Sioux Falls, SD
2 BR | Jan. 5, 2026
Contact
Dog Friendly
Cat Friendly
Downtown Sioux Falls
1
$497
Lakeport Village
5801 W Christopher Pl Sioux Falls, SD
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
18
$499
700 W 6th St Unit 2
Sioux Falls, SD
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
0
$499
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
0
$399
Downtown Living! 1 Bd, 1 Ba In The Heart Of The City! Heat Paid!
322 E 15th St #4 Sioux Falls, SD
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$499
2 Bd - When Location, Community And Price Matter...this Is The Place For You!
3604 S Cathy Ave #4 Sioux Falls, SD
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
0
$399
Newly Updated 2 Bedroom Near Downtown Sioux Falls! Pet Friendly!
412 S Thompson Ave #1 Sioux Falls, SD
2 BR | Available Now
Contact
Dishwasher
1 - 19 of 19 Results
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  2. Sioux Falls
  3. Apartments Under $500
Frequently Asked Questions

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

There are 19 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 73 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 161 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 282 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 $18,000.

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

  1. Downtown Sioux Falls
  2. Falls Park

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

Welcome to the December 2025 Sioux Falls Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2025 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 17 35 52 70 <$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 $1,440 $1,480
This month, the typical cost to rent a one-bedroom apartment in Sioux Falls stands at $900, with the majority falling between $660 and $1,450. Out of the 3,494 one-bedroom apartments currently on the market in Sioux Falls, 26 are priced below $500, accounting for 1% of the total available one-bedroom units in Sioux Falls.

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

Sioux Falls, SD
21
In December 2025, 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 31 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 December M/M % Change
Sioux Falls, SD 22 +0.83%
Brandon, SD 1 +0.5%
Canton, SD 1 +1.25%
Luverne, MN 1 +1.0%

Looking for Apartments Under $500 in Sioux Falls?

Available apartments under $500 261
Top amenities Storage, Dishwasher, Disability Access, Refrigerator, Microwave
Pet friendly 29
Utilities included 22
Furnished 6
Studio 13
1 Bedroom 11
2 Bedroom 21
Square footage 272 - 4,800
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