What's the average rent in Watertown, SD?
Rental Market Trends in Watertown, SD
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SOURCE: TRULIA DATA
Rental market highlights
As of August 2026, the average rent in Watertown, SD is $1,133 per month, which is 42% lower than the national average rent of $1,965 per month.
AVERAGE RENT
$1,133
-0.1%-$2 decrease month-over-month
0.7%$8 increase year-over-year
AVAILABLE RENTALS
48
APARTMENTS
HOUSES
TOWNHOUSES
As of August 2026, houses are the most affordable rental option in Watertown, SD at $1,000 per month, while townhomes are the most expensive at $2,500 per month. Apartments average $1,113 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,300 |
| All | $1,133 |
As of August 2026, the average rent for a 1 bedroom rental in Watertown, SD is $1,000 per month, followed by $1,050 for a 2 bedroom rental, $1,400 for a 3 bedroom rental, and $1,300 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $2,300 |
| 4 Bedrooms | — |
| All | $2,500 |
As of August 2026, the average rent for a 3 bedroom townhome in Watertown, SD is $2,300 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | — |
| All | $1,200 |
As of August 2026, the average rent for a 1 bedroom apartment in Watertown, SD is $800 per month, followed by $1,050 for a 2 bedroom apartment, and $1,600 for a 3 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $875 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | — |
| All | $1,000 |
As of August 2026, the average rent for a 2 bedroom house in Watertown, SD is $875 per month, followed by $1,400 for a 3 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -1% compared to the previous year, which is a $14 decrease.
This year (2026)
Last year (2025)
Rent distribution
64% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $455 to $2,300.
