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Apartments under $500 for Rent in Sioux Falls, SD

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  1. Building Photo - YMCA
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    YMCA

    230 S Minnesota Ave, Sioux Falls, SD 57104

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Living & Renting in Sioux Falls

Sioux Falls at a Glance

Average Rent

$971
(All bedrooms and property types)
Learn more about
Average Rent in Sioux Falls
7

School Rating

out of 10 Rating
Learn more about
Schools in Sioux Falls
19

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Sioux Falls
47

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Sioux Falls

Sioux Falls, SD Apartments for Rent

Sioux Falls gets its name from the cascades of the Big Sioux River, which tumble through the heart of the city at Falls Park-a natural wonder formed during the last ice age about 14,000 years ago. As South Dakota's largest city with more than 192,000 people, Sioux Falls sits where Interstates 29 and 90 meet, making it easy to get around the region. If you're searching for apartments for rent in Sioux Falls, you'll discover a steady rental market where one-bedrooms average around $950 per month, and two-bedroom apartment communities go for about $1,160 monthly. Downtown and neighborhoods like McKennan Park offer plenty of housing options, from modern apartment communities to places near Augustana University and The Empire Mall.

Renting in Sioux Falls means you'll be close to major employers like Sanford Health and Avera Health, which keep the city's economy strong with healthcare and financial services jobs. You'll love the 29-mile recreational trail system that connects more than 80 public parks-perfect for biking, running, or just exploring on weekends. Check out the Washington Pavilion for concerts and shows, or stroll through downtown to see the SculptureWalk with its 55+ outdoor art pieces. Getting around is a breeze thanks to those two major interstates, and you'll find yourself near great shopping, local restaurants, and entertainment spots all over the metro. With affordable rent, solid job opportunities, and plenty to do, Sioux Falls makes apartment living in the Upper Midwest rewarding.

Why Sioux Falls?

  • Sioux Falls is home to beautiful historic sites, including the Old Courthouse Museum and the Pettigrew Home and Museum.
  • Sioux Falls is home to private liberal arts schools University of Sioux Falls and Augustana College.
  • Catch a live performance at the Husby Performing Arts Center at the Washington Pavilion.
  • Historic downtown Sioux Falls contains a trolley, beautiful architecture, a farmers market, shops, restaurants, and nightclubs.
  • The Great Plains Zoo and Delbridge Museum of Natural History contains a 45-acre park with up-close views of the animals.
  • Great weather! The summer temperatures in Sioux Falls average around 80 degrees, while winter averages around 20 degrees.

Renting in Sioux Falls

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Sioux Falls

(For 1 bedroom apartments)

Getting Around Sioux Falls

Transportation

47

Car-Dependent

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
47

Somewhat Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
19

Minimal Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

GreatSchools Rating
Lincoln High School - 02

Public High School

Public
Grades 9-12
1,883 Students
GreatSchools Rating
Jefferson High School - 67

Public High School

Public
Grades 9-12
1,749 Students
GreatSchools Rating
Washington High School - 01

Public High School

Public
Grades 9-12
1,910 Students
GreatSchools Rating
Roosevelt High School - 03

Public High School

Public
Grades 9-12
1,713 Students
GreatSchools Rating
New Technology High School - 30

Public High School

Public
Grades 9-12
310 Students
GreatSchools Rating
Memorial Middle School - 04

Public Middle School

Public
Grades 6-8
1,168 Students
GreatSchools Rating
Patrick Henry Middle School - 07

Public Middle School

Public
Grades 6-8
940 Students
GreatSchools Rating
Harrisburg North Middle School - 08

Public Middle School

Public
Grades 6-8
747 Students
GreatSchools Rating
Edison Middle School - 06

Public Middle School

Public
Grades 6-8
916 Students
GreatSchools Rating
George Mcgovern Middle School -09

Public Middle School

Public
Grades 6-8
719 Students
GreatSchools Rating
Fred Assam Elementary - 06

Public Elementary School

Public
Grades K-4
486 Students
GreatSchools Rating
Adventure Elementary - 10

Public Elementary School

Public
Grades K-5
414 Students
GreatSchools Rating
Challenge Center - 51

Public Elementary School

Public
Grades 2-5
185 Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

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