Apartments For Rent in Lake Preston, SD

4 rentals

Apartments For Rent Near Lake Preston, SD

We found 24 more apartments matching your filters just outside Lake Preston

What Locals Say about Lake Preston

  • Terri Conrad
    "The school here is awesome. They have a low teacher to student ratio so that kids can get all the help they need. we will have a new superintendent of school/high school principle this year. "
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  • Justterrilynn
    "friendly great people live here. Family has moved here from out of state too. great place to raise your Family "
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Average Rent Trends in Lake Preston, SD

Rent in Lake Preston, SD varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Jun 2025$1,475
Jul 2025$1,475
Aug 2025$1,475
Sep 2025$1,475
Oct 2025$1,475
Nov 2025$1,475
Dec 2025$895
Jan 2026$895
Feb 2026$895
Mar 2026$895
Apr 2026$895
May 2026$895
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
1 bed2 beds3 beds4 bedsAll
All home types—$820$1,400—$895
Townhomes——$1,400—$1,400
Apartments and Condos—$800——$800
Houses—$1,000——$1,000
See more information about local market trends in Lake Preston, SD

Frequently Asked Questions about Rentals in Lake Preston, SD

  • What is the average rent of an apartment in Lake Preston, SD?
    The average rent of an apartment in Lake Preston, SD is $848 per month. This is about 56% lower than the national average.
  • What is the average rent of a house in Lake Preston, SD?
    The average rent of a house in Lake Preston, SD is $1,000 per month. This is about 48% lower than the national average.
  • What is the average rent of a townhome in Lake Preston, SD?
    The average rent of a townhome in Lake Preston, SD is $1,400 per month. This is about 27% lower than the national average.
  • When is the average rent cheapest in Lake Preston, SD?
    In the last year, the average rent in Lake Preston, SD was lowest in Dec 2025 when it was $895 per month.
  • When is the average rent most expensive in Lake Preston, SD?
    In the last year, the average rent in Lake Preston, SD was highest in Jan 2025 when it was $1,600 per month.
  • How many available rental listings are in Lake Preston, SD?
    There are 5 available rental listings in Lake Preston, SD.
  • What are some zip codes in Lake Preston, SD?
    Lake Preston, SD includes zip codes such as: 57249.
  • What are some cities near Lake Preston, SD?
    Some nearby cities include: Hetland, Erwin, De Smet, Oldham, Arlington. These cities may have more rental options to explore.