Apartment for rent

5+ Days Ago

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

Monthly rent	$725
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	$725
Beds	2
Baths	1
Sqft	700

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

Apartment for rent

Monthly rent	$725
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

This property features an updated kitchen, on-site laundry, and a peaceful atmosphere, making it comfortable for various lifestyles. Proximity to a top-rated middle school, along with high-speed internet and included utilities, highlights its practical advantages, while numerous nearby restaurants and cultural venues support an engaging social life. With 33 photos available, potential renters can easily assess its appeal, positioning it favorably in the local real estate market.

Things you’ll love

Middle school nearby
Less expensive
Images Available

Great for

Work-from-home
Social life

Highlights

on-site laundry
peaceful atmosphere
updated kitchen

Units

316 N Lake Ave, Sioux Falls, SD

316 N Lake Ave Sioux Falls, SD

Available

4

2 Beds

1 Bath

700 sqft

$725

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

Available

5

2 Beds

1 Bath

700 sqft

$725

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

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
On-Site Laundry
In-Unit Laundry
Assigned Parking

Policies at 316 N Lake Ave

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

About 316 N Lake Ave

Home

Apartments in Sioux Falls

Axtell Park

316 N Lake Ave #4, 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 property comprises 2 units, each boasting 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 offers a range of amenities, including on-site laundry, high-speed internet, outdoor space, oven, and utilities. With top-rated schools nearby, including an A-rated elementary school, this property is an excellent choice for those seeking a quiet and convenient living experience. Note that this property is not pet-friendly and offers long-term rentals only.

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Address details

Units	2
Units available	2
Neighborhood
City
Zip code	57104

316 N Lake Ave #4 is great for:

Work-from-home

High speed internet is an amenity
Utilities included in the rent
4 office supply stores within 1 mile
Quiet environment with little noise pollution

Social life

Areas nearby are accessible by walking
95 restaurants within 1 mile of this property
42 museums, art galleries, or cultural centers within 1 mile
16 local event hubs within 1 mile

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 #4 to be 12% less than the average for similarly sized apartments in Axtell Park.

Median rents as of Oct 25 2025.

Axtell Park

Sioux Falls

A table of studio rental data trends in Sioux Falls
Month	Median Rent
November 2023	$808
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
October 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

$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.

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