Zumper

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

Apartment for rent
Monthly rent
$725
Beds2
Baths1
Sqft700
modified
5+ Days Ago

Property Overview

The property features an updated kitchen, on-site laundry, and a peaceful atmosphere, enhancing daily living. Its proximity to a highly-rated middle school and an impressive 33 photos provides a valuable glimpse of the space. With utilities included, multiple nearby internet options, and an abundance of local events, restaurants, and cultural centers, it caters well to remote workers and those seeking a vibrant social life.

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

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

Available

4

2 Beds

1 Bath

$725

Listed on 10/08/2025
Listed by Matthew Luke
Days on market: 66
Welcome to our charming 2-bedroom, 1-bathroom apartment in Sioux Falls, SD. This recently rehabbed unit features new hardwood floors throughout, new paint, an updated kitchen and bathroom, and more. There is a spacious living room and an eat-in kitchen with modern updates, including hardwood cabinets and new fixtures. Enjoy the convenience of on-site laundry, secured entry, and included parking. With a park nearby and lawn care and snow removal taken care of, you can relax and enjoy your surroundings. This small building offers a peaceful atmosphere for those seeking a comfortable place to call home. Contact us today to schedule a tour of this lovely apartment. Included with all lease agreements is our Resident Benefits Package. Because we bundle services for things tenants typically pay for out of pocket, we help our tenants simplify, lower expenses, and keep utility bills to a minimum. Click the link to read more about the benefits of renting from Luke Properties: https luke properties benefits ($49/mo) (Rent increases of an estimated 2% occur automatically on January 1st of each year) You've just found your next Sioux Falls apartment!

Available

5

2 Beds

1 Bath

$725

Listed on 10/08/2025
Listed by Matthew Luke
Days on market: 66
Welcome to our charming 2-bedroom, 1-bathroom apartment in Sioux Falls, SD. This recently rehabbed unit features new hardwood floors throughout, new paint, an updated kitchen and bathroom, and more. There is a spacious living room and an eat-in kitchen with modern updates, including hardwood cabinets and new fixtures. Enjoy the convenience of on-site laundry, secured entry, and included parking. With a park nearby and lawn care and snow removal taken care of, you can relax and enjoy your surroundings. This small building offers a peaceful atmosphere for those seeking a comfortable place to call home. Contact us today to schedule a tour of this lovely apartment. Included with all lease agreements is our Resident Benefits Package. Because we bundle services for things tenants typically pay for out of pocket, we help our tenants simplify, lower expenses, and keep utility bills to a minimum. Click the link to read more about the benefits of renting from Luke Properties: https luke properties benefits ($49/mo) (Rent increases of an estimated 2% occur automatically on January 1st of each year) You've just found your next Sioux Falls apartment!

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

Policies at 316 N Lake Ave

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Parking Policy

Assigned Parking

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

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About 316 N Lake Ave

HomeApartments in Sioux FallsAxtell Park 316 N Lake Ave #4, Sioux Falls, SD 57104, USA

Check out this charming property located at 316 N Lk Ave, Sioux Falls, SD 57104, in the heart of Axtell Park! This intimate 2-unit property offers a spacious 2-bedroom floorplan, approximately 700 square feet in size. 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 for relaxation. Additional amenities include oven and utilities. Plus, the location is near top-rated schools, including an elementary school with an A- or higher rating. With its serene environment and modern amenities, this property is perfect for those seeking a long-term rental in a convenient location.

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Address details

Units2
Units available2
Neighborhood
City
Zip code57104

316 N Lake Ave #4 is great for:

Social life

  • Areas nearby are accessible by walking
  • 96 restaurants within 1 mile of this property
  • 21 local event hubs within 1 mile
  • 52 museums, art galleries, or cultural centers within 1 mile

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

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

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 #4 to be 10% less than the average for similarly sized apartments in Axtell Park.

Median rents as of Dec 6 2025.
Axtell Park
Sioux Falls
A table of studio rental data trends in Sioux Falls
MonthMedian Rent
December 2023$825
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
October 2025$850
November 2025$856
December 2025$825
A table of studio rental data trends in Axtell Park
MonthMedian 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

$29,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $29,000 annually to afford this 2-bedrooms median monthly rent price of $725.
For more information on rent affordability, visit our rent calculator.

Schools near 316 N Lake Ave #4

Hawthorne Elementary School

601 n spring ave

sioux falls, SD, 57104

PK, K-5Public
C+

Elementary Immersion Center

2511 w brookings st

sioux falls, SD, 57104

K-5Public
C+

All City Elementary School

2511 w brookings st

sioux falls, SD, 57104

K-5Public
A-

Summit Oaks-Residential

621 e presentation ave

sioux falls, SD, 57104

K-12Public

Bridges at Horace Mann Elementary School

1401 e 26th st

sioux falls, SD, 57105

K-5Public
C+
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Neighborhood

Axtell Park | Sioux Falls, SD

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Sioux Falls near 316 N Lake Ave

Walking

6/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

7/10
This area is close to freeways and has adequate parking options.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 316 N Lake Ave, Sioux Falls

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

5/10
Some shops within walking distance

Cafes

3/10
Few or no cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

10/10
At least one high school within a 5-minute walk

Nightlife

3/10
Few or no bars within walking distance

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