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Lake Preston · South Dakota

Lake Preston, SD Landlord Laws 2026

Every housing law that applies to Lake Preston landlords — security deposits, eviction rules, rent increases, and more. Updated for 2026.

Based on South Dakota state law.

Lake Preston Rental Market in 2026

$951

median 2BR rent

613

population

$951

max security deposit

Lake Preston landlords must comply with South Dakota state landlord-tenant laws. At a median 2-bedroom rent of $951/month, understanding deposit caps, notice periods, and eviction rules can save you thousands in penalties.

Local Housing Market Data

The HUD Fair Market Rent for a 2-bedroom in Lake Preston is $951/month, which affects Section 8 voucher amounts and affordable housing calculations.

Key Takeaways for Lake Preston Landlords

  • Security deposit: Capped at 1 month(s) of rent ($951 at median rent). Must return within 14 days or face penalties up to $1,902.

South Dakota Laws That Apply in Lake Preston

South Dakota Residential Landlord-Tenant Law

S.D. Codified Laws §43-32-1 et seq.

Governs residential tenancies. Notably, South Dakota does not have a statutory implied warranty of habitability for most properties.

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Don’t Risk Penalties

At Lake Preston’s median rent of $951/month, a single deposit violation could cost you $1,902+. A wrongful eviction can cost thousands more in court fees, relocation payments, and damages. Know the rules before they cost you.

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How we researched this page: This guide is based on South Dakota state statutes, verified against official government sources. Rent data comes from HUD Fair Market Rents (FY2026). Last updated: August 2026.
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Reviewed by Rachid Abadli

Founder & CEO, LeaseBase · Sacramento landlord · Self-managing since 2019

LeaseBase is a property management platform — not a law firm. Consult an attorney for legal advice specific to your situation.