Cheap Apartments for Rent in Lake Preston, SD

3 rentals

Apartments For Rent Near Lake Preston, SD

We found 27 more apartments matching your filters just outside Lake Preston

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 Nov 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Dec 2025$895
Jan 2026$895
Feb 2026$895
Mar 2026$895
Apr 2026$895
May 2026$895
Jun 2026$895
Jul 2026$895
Aug 2026$895
Sep 2026$895
Oct 2026$1,048
Nov 2026$1,048
View as a graph

Average Rent By Bedroom and Home Type

In November 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes.
1 bed2 beds3 beds4 bedsAll
All home types—$895$1,200—$1,048
Townhomes——$1,400—$1,400
Apartments and Condos—$800——$800
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 $1,048 per month. This is about 46% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Lake Preston, SD?
    Last year, the cheapest month to find an apartment to rent was Dec 2025 when it was $895 per month.
  • How many cheap apartments are available in Lake Preston, SD?
    There are 2 apartments to rent that are cheaper than the city’s average rent of $1,048.
  • 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.
  • 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.
View this page in Spanish: Apartamentos baratos en renta en Lake Preston, SD - 31 Rentas | Trulia