Sioux Falls Property Management

Earn more and stress less with all the tools + expert services you need to manage your rental property in Sioux Falls.

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See why thousands of homeowners love being part of the Nomad community

$250M+

Total rent guaranteed

10,000+

Owners served

About Nomad

Nomad makes it easy to rent your Sioux Falls long-term property and provides financial certainty with guaranteed rent and $500k in property protection. With flexible marketing services, you can choose how involved you want to be in marketing the property and finding tenants. Plus, all owners get access to the owner’s portal where you can track earnings, manage maintenance requests and more!

Renting in Sioux Falls

Sioux Falls is mostly owner-occupied, with about 40% of homes rented, and 52% of its housing is single-family detached, according to the U.S. Census Bureau's 2020–2024 American Community Survey. Half the homes were built before 1994. The median renter household pays $1,035 a month including utilities, a figure that includes apartments.

The Nomad Difference

Guaranteed Rent for Sioux Falls landlords

Investment properties can be risky. Grow your wealth worry free with the best landlord financial protections in the industry. Only Nomad offers Guaranteed Rent, $500,000 of Property Protection, and Rent Advance.

"Nomad was incredibly helpful in talking us through the options and mapping out the financial implications for our potential scenarios."

Lauren

Nomad Homeowner since 2020

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South Dakota rules every landlord should know

Security deposit limit: 1 month's rent, unless both sides agree to more because special conditions put the property at risk
Deposit return deadline: 21 days after the lease ends, once the tenant gives a mailing address
Notice before entering: 24 hours in writing, unless the lease sets another method, except in an emergency
Notice to end a month-to-month lease: 1 month before the end of a monthly rental period

Reviewed October 2026. General information, not legal advice.

“As first-time landlords, we were honestly a little overwhelmed by the process of renting out our home. … One thing we really appreciated was that Nomad doesn't make you feel like you're working with just one person—they have an entire team supporting you.”

Alex