What's the average rent in Watertown, SD?

Rental Market Trends in Watertown, SD

SOURCE: TRULIA DATA

Rental market highlights

As of November 2026, the average rent in Watertown, SD is $1,180 per month, which is 39% lower than the national average rent of $1,932 per month.

AVERAGE RENT

$1,180

-4.1%-$50 decrease month-over-month

2.6%$30 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,144

HOUSES

$1,195

TOWNHOUSES

$1,900

As of November 2026, apartments are the most affordable rental option in Watertown, SD at $1,144 per month, while townhomes are the most expensive at $1,900 per month. Houses average $1,195 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,100
2 Bedrooms	$1,100
3 Bedrooms	$1,400
4 Bedrooms	$1,350
All	$1,180

As of November 2026, the average rent for a 1 bedroom rental in Watertown, SD is $1,100 per month, followed by $1,100 for a 2 bedroom rental, $1,400 for a 3 bedroom rental, and $1,350 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	—
3 Bedrooms	$1,900
4 Bedrooms	—
All	$1,900

Floor plan type	Average rent
1 Bedroom	$1,050
2 Bedrooms	$1,050
3 Bedrooms	$1,400
4 Bedrooms	—
All	$1,100

As of November 2026, the average rent for a 1 bedroom apartment in Watertown, SD is $1,050 per month, followed by $1,050 for a 2 bedroom apartment, and $1,400 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,300
2 Bedrooms	$1,100
3 Bedrooms	$1,700
4 Bedrooms	$1,350
All	$1,195

As of November 2026, the average rent for a 1 bedroom house in Watertown, SD is $1,300 per month, followed by $1,100 for a 2 bedroom house, $1,700 for a 3 bedroom house, and $1,350 for a 4 bedroom house.