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Studio Apartment for Rent in Mitchell, SD

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    Starting at $920 Per Month

    • Studio - 2 Beds

    1111 S Edgerton St, Mitchell, SD 57301

    Edgerton Place is a new, energy-efficient apartment complex built to fit your lifestyle. It has a great neighborhood feel, and is perfectly located near schools and shopping, yet secluded from major traffic and congestion. Plus, you can relax knowing that the latest safety and security features are a top priority! Now with faster internet speeds! *No smoking allowed within the building! Phase I

    Edgerton Place

    1111 S Edgerton St, Mitchell, SD 57301

Why Live in Mitchell

Mitchell, South Dakota, is a community with deep agricultural roots, best exemplified by The World's Only Corn Palace, a unique venue adorned with grain murals. With a population of over 15,000, Mitchell is experiencing growth and development, including a new $500 million soybean plant set to open in 2025. Housing options range from historic homes dating back to the 1880s to modern residences along Lake Mitchell, with new multi-family housing projects underway. The Mitchell School District is highly rated, and the city is investing in educational infrastructure, including a new high school. Mitchell hosts Dakotafest, a major agricultural trade show that significantly boosts local tourism. Downtown features Italianate architecture with various small shops, while larger chain stores are located in the southern part of the city. Recreational attractions include Lake Mitchell, offering hiking, fishing, and camping, and Hitchcock Park, which has an aquatic center. The city is situated at the intersection of Interstate 90 and South Dakota Highway 30, approximately 70 miles from Sioux Falls. Infrastructure improvements are ongoing, focusing on water sources, sewers, and downtown enhancements. Mitchell experiences warm summers and cold winters, with an average of 40 inches of snow annually. The area is in Tornado Alley, with historical tornado events. Crime rates have decreased recently, aligning with state trends.

Frequently Asked Questions

How much does it cost to rent a home in Mitchell, SD?
The median rent for a home in Mitchell, SD is $1,175 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Mitchell, SD?
To comfortably afford the median rent in Mitchell, SD, a household needs to earn roughly $47,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,175 per month in Mitchell, SD, renters typically need to show $3,525 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Mitchell, SD?
In Mitchell, SD, the price-to-rent ratio is 17.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,175
Median Single Family Home Rent
$1,350
Median Condo Rent
$875
How to Rent a Home