What's the average rent in Watertown, SD?

Rental Market Trends in Watertown, SD

SOURCE: TRULIA DATA

Rental market highlights

As of September 2026, the average rent in Watertown, SD is $1,200 per month, which is 38% lower than the national average rent of $1,948 per month.

AVERAGE RENT

$1,200

0.0%No change month over month

-3.0%-$37 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,155

HOUSES

$1,400

TOWNHOUSES

$2,500

As of September 2026, apartments are the most affordable rental option in Watertown, SD at $1,155 per month, while townhomes are the most expensive at $2,500 per month. Houses average $1,400 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,164
2 Bedrooms	$1,050
3 Bedrooms	$1,500
4 Bedrooms	$1,400
All	$1,200

As of September 2026, the average rent for a 1 bedroom rental in Watertown, SD is $1,164 per month, followed by $1,050 for a 2 bedroom rental, $1,500 for a 3 bedroom rental, and $1,400 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$800
2 Bedrooms	$1,050
3 Bedrooms	$1,500
4 Bedrooms	—
All	$1,100

As of September 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 $1,500 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,000
3 Bedrooms	$1,575
4 Bedrooms	$1,400
All	$1,400

As of September 2026, the average rent for a 2 bedroom house in Watertown, SD is $1,000 per month, followed by $1,575 for a 3 bedroom house, and $1,400 for a 4 bedroom house.