Apartment for rent

5+ Days Ago

316 N Lake Ave
316 N Lake Ave, Sioux Falls, SD 57104, USA

Monthly rent	$795Based on a 12-month lease.
Beds	2
Baths	1
Sqft	700

Apartment for rent

5+ Days Ago

316 N Lake Ave
316 N Lake Ave, Sioux Falls, SD 57104, USA

Apartment for rent

Monthly rent	$795Based on a 12-month lease.
Beds	2
Baths	1
Sqft	700

316 N Lake Ave
316 N Lake Ave, Sioux Falls, SD 57104, USA

Apartment for rent

Monthly rent	$795Based on a 12-month lease.
Beds	2
Baths	1
Sqft	700

5+ Days Ago

2 Bed 1 bath unit

Address details

Units	2
Units available	2
Neighborhood
City
Zip code	57104

Property Overview

Featuring an updated kitchen and on-site laundry, the property offers a peaceful atmosphere for its residents. Within walking distance to a top-rated middle school and numerous restaurants, it provides excellent connectivity for both work and leisure pursuits. With high-speed internet options available and a favorable value for money ranking, this location caters well to those seeking a balanced lifestyle.

Things you’ll love

Middle school nearby
Less expensive
Images Available

Great for

Social life
Work-from-home

Highlights

on-site laundry
peaceful atmosphere
updated kitchen

Units

316 N Lake Ave, Sioux Falls, SD

316 N Lake Ave Sioux Falls, SD

Available

5

2 Beds

1 Bath

700 sqft

$795

Hardwood Floor • In-Unit Laundry • Assigned Parking • On-Site Laundry

Available

4

2 Beds

1 Bath

700 sqft

$795

Hardwood Floor • In-Unit Laundry • Assigned Parking • On-Site Laundry

Amenities for 316 N Lake Ave

Some units at this address have these amenities. View unit details for more information.

Building

Outdoor Space

Unit Amenities

Hardwood Floor
In-Unit Laundry
Assigned Parking
On-Site Laundry

Policies at 316 N Lake Ave

No pets allowed.

Parking

Assigned Parking	Contact for Price

About 316 N Lake Ave

Home

Apartments in Sioux Falls

Axtell Park

316 N Lake Ave #5, Sioux Falls, SD 57104, USA

Discover a serene retreat at 316 N Lk Ave, Sioux Falls, SD 57104, nestled in the charming Axtell Park neighborhood. This intimate 2-unit property offers a spacious 2-bedroom floorplan, spanning approximately 700 square feet. Residents can enjoy a peaceful atmosphere, updated kitchen and bathroom, and new hardwood floors. The property boasts on-site laundry, high-speed internet, and outdoor space, making it an ideal haven. Additional amenities include oven and utilities. With top-rated schools nearby, including an A-rated elementary school, this property is a great choice for those seeking a quiet, long-term rental. Please note that this property is not pet-friendly.

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Address details

Units	2
Units available	2
Neighborhood
City
Zip code	57104

316 N Lake Ave #5 is great for:

Social life

Areas nearby are accessible by walking
83 restaurants within 1 mile of this property
62 museums, art galleries, or cultural centers within 1 mile
18 theaters, music venues, or sports arenas nearby

Work-from-home

High speed internet is an amenity
3 internet service provider options nearby
Utilities included in the rent
Quiet environment with little noise pollution

Property highlights

How 316 N Lake Ave, Sioux Falls, SD 57104, USA compares to other nearby properties.

Positives

Middle school nearby: There is a middle school 0.2 mile away
Less expensive: The 2-bedrooms are cheaper than other similar listings nearby
Images Available: There are at least 10 photos of this address
Laundry available on site: Washers and dryers are available in-building or in-unit
Outdoor space: Easy access to the outdoors

Considerations

Greater distance from grade schools: The nearest elementary school is farther than 1 mile away
Greater distance from high schools: The nearest high school is farther than 2 miles away

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Rent trends in Sioux Falls

If you decide to upgrade your space, you can expect 2-bedrooms at 316 N Lake Ave #5 to be 2% less than the average for similarly sized apartments in Axtell Park.

Median rents as of Sep 6 2025.

Axtell Park

Sioux Falls

A table of studio rental data trends in Sioux Falls
Month	Median Rent
September 2023	$775
October 2023	$817
November 2023	$812
December 2023	$820
January 2024	$825
February 2024	$825
March 2024	$848
April 2024	$943
May 2024	$1,039
June 2024	$1,072
July 2024	$892
August 2024	$1,056
September 2024	$1,117
October 2024	$1,040
November 2024	$944
December 2024	$875
January 2025	$880
February 2025	$894
March 2025	$887
April 2025	$953
May 2025	$833
June 2025	$827
July 2025	$851
August 2025	$850
September 2025	$850

A table of studio rental data trends in Axtell Park
Month	Median Rent
December 2023	$800
January 2024	$800
February 2024	$535
March 2024	$747
April 2024	$761

Affordability calculator

Can I afford to live at 316 N Lake Ave?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.

The general rule of thumb is to spend around 30% or less of your income on rent.

Recommended income

$31,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $31,800 annually to afford this 2-bedrooms median monthly rent price of $795.

For more information on rent affordability, visit our rent calculator.

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