What's the average rent in Watertown, SD?

Rental Market Trends in Watertown, SD

SOURCE: TRULIA DATA

Rental market highlights

As of June 2026, the average rent in Watertown, SD is $1,200 per month, which is 38% lower than the national average rent of $1,951 per month.

AVERAGE RENT

$1,200

-3.0%-$37 decrease month-over-month

14.6%$153 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,204

HOUSES

$895

TOWNHOUSES

$1,100

As of June 2026, houses are the most affordable rental option in Watertown, SD at $895 per month, while apartments are the most expensive at $1,204 per month. Townhomes average $1,100 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$950
2 Bedrooms	$1,200
3 Bedrooms	$1,600
4 Bedrooms	$1,400
All	$1,200

As of June 2026, the average rent for a 1 bedroom rental in Watertown, SD is $950 per month, followed by $1,200 for a 2 bedroom rental, $1,600 for a 3 bedroom rental, and $1,400 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,000
2 Bedrooms	$1,100
3 Bedrooms	—
4 Bedrooms	—
All	$1,100

As of June 2026, the average rent for a 1 bedroom townhome in Watertown, SD is $1,000 per month, followed by $1,100 for a 2 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$700
2 Bedrooms	$1,250
3 Bedrooms	$1,600
4 Bedrooms	—
All	$1,400

As of June 2026, the average rent for a 1 bedroom apartment in Watertown, SD is $700 per month, followed by $1,250 for a 2 bedroom apartment, and $1,600 for a 3 bedroom apartment.