Third Avenue Lofts
325 E 12th St,
Sioux Falls, SD 57104
$1,225 - $1,740 | 1-2 Beds
Downtown Sioux Falls
Sioux Falls, SD
Downtown Sioux Falls - Sioux Falls, SD
Area Guide
A charming downtown with a river running through it
Walkable
•
Bicycle-Friendly
•
River
•
Waterfall
•
Outdoors
•
Parks
•
Art
•
Culture
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Downtown Sioux Falls wraps around the Big Sioux River, with the Sioux Falls Bike Trail following the path of the river. There's much to love about this dynamic neighborhood: its history, such as in the ornate Orpheum Theater Center and the Old Courthouse Museum; its fantastic nightlife, such as the Prairie Berry East Bank wine bar and Monks House of Ale Repute and Gandy Dancer Brew Works; and the spectacular parks that line the river, such as Beadle Park, Fawick Park, and Falls Park.
Along with its wide selection of shops, restaurants, and bars, Downtown Sioux Falls has some unique features you'll want to explore. These include the Sculpture Walk, the Downtown Riverfront Amphitheater, the Museum of Visual Materials, and the Washington Pavilion of Arts & Science. Residents and visitors enjoy hopping aboard the Downtown Sioux Falls Trolley, a terrific way to explore Downtown and Falls Park.
Rent Trends
As of August 2025, the average apartment rent in Downtown Sioux Falls is $1,033 for a studio, $1,256 for one bedroom, $1,839 for two bedrooms, and $3,249 for three bedrooms. Apartment rent in Downtown Sioux Falls has decreased by -0.7% in the past year.
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Studio
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433 sq ft
Average Sq Ft
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$1,033/month
Average Rent
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1 BR
-
667 sq ft
Average Sq Ft
-
$1,256/month
Average Rent
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2 BR
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1,100 sq ft
Average Sq Ft
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$1,839/month
Average Rent
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3 BR
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1,665 sq ft
Average Sq Ft
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$3,249/month
Average Rent
Transportation
83
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
35
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
79
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Points of Interest
Shopping Centers
Parks and Recreation
- Kirby Science Discovery Center
- Great Plains Zoo
- Great Bear Recreation Park
- The Outdoor Campus - East
- Sertoma Butterfly House and Marine Cove
Airports
- Joe Foss Field
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.