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Apartments Under $500 in Sioux Falls, SD

1 - 11 of 11 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
10
$180
927 E 8Th St
Sioux Falls, SD
Studio | Available Now
Contact
Heat Included
Furnished
Air Conditioning
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
33
$180 - 225
927 E 8Th St Suite 114
Sioux Falls, SD
Studio | Available Now
Contact
Heat Included
Furnished
Air Conditioning
18
3D Tour
$ Ask - 1,170
The Villas At Canyon Creek
4630 E 54th St Sioux Falls, SD
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Fitness Center
9
$180
927 E 8Th St
Sioux Falls, SD
Studio | Available Now
Contact
Heat Included
Furnished
Air Conditioning
11
$430
301 W 2nd St
Sioux Falls, SD
1 BR | Ask for Availability
Contact
Falls Park
0
$499
One Bedroom Located In Downtown Sioux Falls.
817 W 11th St #1 Sioux Falls, SD
1 BR | Available Now
Contact
Downtown Sioux Falls
1
$499
Gepc Properties Plex
1227 E 8th St Sioux Falls, SD
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
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
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
1 - 11 of 11 Results
  1. Home
  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 11 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 20 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 94 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 147 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 $9,000.

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: October Rental Information

Welcome to the October 2026 Sioux Falls Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the October 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
This month, the typical cost to rent a one-bedroom apartment in Sioux Falls stands at $930, with the majority falling between $650 and $1,430. Out of the 3,896 one-bedroom apartments currently on the market in Sioux Falls, 4 are priced below $500, accounting for 0% of the total available one-bedroom units in Sioux Falls.

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

Sioux Falls, SD
11
In October 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 17 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 October M/M % Change
Sioux Falls, SD 12 +0.93%
Canton, SD 2 +1.04%
Luverne, MN 1 +1.4%

Looking for Apartments Under $500 in Sioux Falls?

Available apartments under $500 262
Top amenities Air Conditioning, Storage, Disability Access, Refrigerator, Microwave
Pet friendly 14
Utilities included 23
Furnished 9
Studio 13
1 Bedroom 10
2 Bedroom 9
Square footage 87 - 4,800
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