An overcast day in one of the cheapest places to live in South Dakota

The Cheapest Places to Live in South Dakota for 2024

Finding an affordable place to live in South Dakota can make all the difference in your quality of life. Whether you’re a student, a young professional, or an established family looking to settle down for the long haul, choosing the right city means balancing cost and lifestyle. 

Below, we’ll take a closer look at six of the cheapest places to live in South Dakota alongside some of the largest employers and most popular affordable attractions in each area. Let’s explore some of the best options settling down in South Dakota without breaking the bank.

Sunset in Sioux Falls, a beautiful place to live South Dakota

1. Sioux Falls

Average rent: $932

Sioux Falls tops our list as the most affordable city in South Dakota, with an average rent of $932. You can find a studio apartment in Sioux Falls for an average of $842, or a one-bedroom for $892, making it an excellent choice for singles and young couples. The cost of living here is kept low thanks to the wide range of housing options that suit different budgets. Plus, the city’s efficient public transportation system helps residents save on commuting costs, adding to the overall affordability.

When it comes to finding work, Sioux Falls has a diverse job market, with major employers like Sanford Health, Avera Health, and Citibank offering ample opportunities. Falls Park is a must-visit, with its stunning waterfalls and walking trails, making it perfect for a free day out. The SculptureWalk downtown is another great option, showcasing local art in a beautiful outdoor setting without costing you a dime.

Apartments for rent in Sioux Falls | Houses for rent in Sioux Falls | Homes for sale in Sioux Falls

2. Aberdeen

Average rent: $1,000

Aberdeen comes in second, with an average rent of $1,000. The city’s one-bedroom apartments are particularly affordable, averaging $837 per month. The low rent makes Aberdeen a haven for budget-conscious renters, especially those who value space without breaking the bank. 

Job seekers will find plenty of opportunities in Aberdeen, with large employers like 3M and Northern State University calling the city home. On weekends, locals enjoy low-cost activities like exploring Wylie Park, which has Storybook Land, a whimsical park that’s fun for all ages. The downtown area also hosts seasonal farmers’ markets, where you can pick up fresh, local produce without spending much.

Apartments for rent in Aberdeen | Houses for rent in Aberdeen | Homes for sale in Aberdeen

Clear evening in Watertown, an affordable place for renters to settle down in South Dakota

3. Watertown

Average rent: $1,037

Watertown’s average rent sits at $1,037, making it another affordable option in South Dakota. While the rent for a studio is just $808, two-bedroom apartments tend to be pricier, averaging $1,321. 

In terms of employment, Watertown is home to noteworthy companies like Terex, Benchmark Foam, and Prairie Lakes Healthcare System, providing jobs in manufacturing, healthcare, and more. For a little fun under the sun, the Bramble Park Zoo offers an affordable day out, especially with its low admission fees. Beyond that, the Goss Opera House frequently hosts free or low-cost community events, making it easy to stay entertained without overspending.

Apartments for rent in Watertown | Houses for rent in Watertown | Homes for sale in Watertown

4. Mitchell

Average rent: $1,080

Mitchell’s average rent is $1,080, with studios averaging $943. This makes it a slightly pricier option than the cities mentioned earlier, but still quite affordable by most standards. The city’s wide range of rental options caters to different needs, whether you’re looking for a small apartment or a larger space. 

Mitchell is perhaps best known for the Corn Palace, a unique, free attraction that draws visitors year-round. Job opportunities are strong, with sizable employers like Toshiba America, Avera Queen of Peace Hospital, and Dakota Wesleyan University. Residents also enjoy the city’s many parks and outdoor spaces, which provide free recreational opportunities and help maintain Mitchell’s appeal as a cost-effective place to lay down roots.

Apartments for rent in Mitchell | Houses for rent in Mitchell | Homes for sale in Mitchell

Drone view of one of the cheapest places to live in South Dakota

5. Rapid City

Average rent: $1,141

With an average rent of $1,141, Rapid City is a popular choice for budget-conscious renters in South Dakota. Studio apartments in Rapid City are available for around $1,052 and one-bedroom units go for around $1,205. Despite these higher rents, the city’s culture and outdoor activities provide excellent value for money. 

Known as the gateway to the Black Hills, Rapid City has a handful of large employers like Ellsworth Air Force Base and South Dakota School of Mines & Technology. Free attractions abound, from the stunning views at Dinosaur Park to the fascinating history found on the City of Presidents walking tour downtown. 

Apartments for rent in Rapid City | Houses for rent in Rapid City | Homes for sale in Rapid City

6. Brookings

Average rent: $1,169

Brookings is the priciest on our list, with an average rent of $1,169. Studios in this college town average $920, while you can expect to spend about  $1,403 on a two-bedroom unit. The higher rent is offset by the city’s strong sense of community and the availability of part-time jobs, especially for students. 

South Dakota State University is the lifeblood of Brookings, offering employment opportunities in education and research. The university’s presence solidifies the town’s status as an elite South Dakota College town and brings plenty of free or inexpensive activities. On weekends, you’ll find locals exploring the South Dakota Art Museum or taking a stroll through McCrory Gardens. These attractions, combined with the city’s welcoming atmosphere, make Brookings a unique and affordable place to live in South Dakota.

Apartments for rent in Brookings | Houses for rent in Brookings | Homes for sale in Brookings

Methodology

All cities must have over 15,000 residents per the US Census and have an average rent price under or within $210 of the median rent price for the state – which is $965 per month according to Redfin data. Average rental data from Rent.com July 2024.

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