Zumper
modified
Updated 5+ Days Ago

Highlights

  • Pet Friendly
  • Garages available
  • Modern finishes
  • Snow removal
  • Deck or patio
  • Newer apartment community
  • Pet friendly

Location

500 N Shepherd Ave, Sioux Falls, SD 57103, USA
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Tour 3 Bedroom 2 Bath

Contact

Management

5 Hundred Square

Leasing office

(605) 271-0518

Property Overview

3 Bedroom 2 Bath earns strong marks for value, amenities, and location, with an overall Zumper Expert Rating of 8 out of 10, including a 9 for price and location. It features garages, modern finishes, snow removal, a deck or patio, and pet-friendly living in a newer apartment community, while also offering solid value per square foot and convenient access to nearby schools.

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

Zumper Expert Rating

8.0
Very Good
With a solid 8 out of 10 overall, 3 Bedroom 2 Bath is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 3 Bedroom 2 Bath has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • Elementary school nearby
  • High school nearby

Floor plans

3BR/2.0BA3 bed2 bath1,346 sqft$1,475 /mo1 unit available5 Hundred Square is a newer apartment community on the East side of Sioux Falls offering 3 bedroom homes! These homes feature beautifully modern finishes and have over 1,200 square feet of living space, giving you plenty of room. Each home will have a deck or patio to give you outdoor space to use as well as garages available to rent. You will have easy access to bus routes, the interstate, and a straight route right into the heart of Downtown Sioux Falls making commutes easy! This community is pet friendly and includes trash/recycling, lawn care and snow removal at no extra cost. Excited to see more? Call our office today and schedule your tour—your new home is just a visit away!

Let's explore this property.

Amenities for 3 Bedroom 2 Bath

Building

Cats OKDogs OK
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units12

About 3 Bedroom 2 Bath

HomeApartments in Sioux Falls 3 Bedroom 2 Bath

5Hundred Square is a newer apartment community on the East side of Sioux Falls offering 3 bedroom homes! These homes feature modern finishes and have over 1,200 square feet of living space, giving you plenty of room. Each home will have a deck or patio to give you outdoor space to use as well as garages available to rent. You will have easy access to bus routes, the interstate, and a straight route right into the heart of Downtown Sioux Falls making commutes easy! This community is pet friendly and includes trash/recycling, lawn care and snow removal at no extra cost. Call today for more information!


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.0
/10
Very Good
With a solid 8 out of 10 overall, 3 Bedroom 2 Bath is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 3 Bedroom 2 Bath has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 3 Bedroom 2 Bath
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
3 Bedroom 2 Bath stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 3 Bedroom 2 Bath is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
3 Bedroom 2 Bath is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 3 Bedroom 2 Bath does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
3 Bedroom 2 Bath provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

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 3 Bedroom 2 Bath compares to other nearby properties.

Positives

More space
The 3-bedroom is 168 sqft larger than other listings nearby
Elementary school nearby
There is an elementary school 0.3 miles away
High school nearby
There is a high school 0.8 miles away

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Rent trends in Sioux Falls

3-bedroom apartments at 3 Bedroom 2 Bath cost about 10% less than the average rent price for 3-bedroom apartments in Sioux Falls.

Median rents as of Oct 17 2026.
Sioux Falls
A table of studio rental data trends in Sioux Falls
MonthMedian Rent
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$837
January 2026$848
February 2026$871
March 2026$865
April 2026$874
May 2026$874
June 2026$863
July 2026$860
August 2026$874
September 2026$875
October 2026$871

Affordability calculator

Can I afford to live at 500 N Shepherd Ave?

Bedrooms

3 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

$59,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $59,000 annually to afford this 3-bedrooms monthly rent price of $1,475.
For more information on rent affordability, visit our rent calculator.

Schools near 3 Bedroom 2 Bath

Anne Sullivan Elementary School

3701 e 3rd st

sioux falls, SD, 57103

PK, K-5Public
B-

Bridges at Horace Mann Elementary School

1401 e 26th st

sioux falls, SD, 57105

K-5Public
C+

Summit Oaks-Residential

621 e presentation ave

sioux falls, SD, 57104

K-12Public

Challenge Center School

3101 s 4th ave

sioux falls, SD, 57105

2-5Public
A-

Sonia Sotomayor Spanish Immersion Elementary School

1510 s lake ave

sioux falls, SD, 57105

PK, K-5Public
A
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Neighborhood

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

Getting around Sioux Falls near 500 N Shepherd Ave

Walking

5/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

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

Points of interest for 500 N Shepherd Ave, Sioux Falls

Groceries

4/10
At least one grocery store within a 30-minute 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

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

High schools

7/10
At least one high school within a 20-minute walk

Nightlife

3/10
Few or no bars within walking distance

Explore the area around 500 N Shepherd Ave

Hy-Vee
3020 E 10th St
Mali Market LLC
4713 E Arrowhead Pkwy
Tienda El Quetzal
112 S Van Eps Ave
East African Grocery Store
318 N Cliff Ave
Franklin Food Market
711 N Cliff Ave

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