What's the average rent in Lake Preston, SD?
Rental Market Trends in Lake Preston, SD
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SOURCE: TRULIA DATA
Rental market highlights
As of May 2026, the average rent in Lake Preston, SD is $895 per month, which is 53% lower than the national average rent of $1,910 per month.
AVERAGE RENT
$895
0.0%No change month over month
-39.3%-$580 decrease year-over-year
AVAILABLE RENTALS
5
APARTMENTS
HOUSES
TOWNHOUSES
As of May 2026, apartments are the most affordable rental option in Lake Preston, SD at $848 per month, while townhomes are the most expensive at $1,400 per month. Houses average $1,000 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $820 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | — |
| All | $895 |
As of May 2026, the average rent for a 2 bedroom rental in Lake Preston, SD is $820 per month, followed by $1,400 for a 3 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | — |
| All | $1,400 |
As of May 2026, the average rent for a 3 bedroom townhome in Lake Preston, SD is $1,400 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $800 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $800 |
As of May 2026, the average rent for a 2 bedroom apartment in Lake Preston, SD is $800 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,000 |
As of May 2026, the average rent for a 2 bedroom house in Lake Preston, SD is $1,000 per month.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -39% compared to the previous year, which is a $580 decrease.
This year (2026)
Last year (2025)
Rent distribution
88% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $800 to $1,400.
