Apartments For Rent in Watertown, SD

36 rentals

Apartments For Rent Near Watertown, SD

We found 8 more apartments matching your filters just outside Watertown

What Locals Say about Watertown

  • Kathy M.
    "You see people walking their dogs all the time back by the baseball fields and skate park and they walk them on the bike path as well"
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  • Kathy M.
    "My neighbor hood has a great access to downtown and to my job. Commute to shopping is a nice drive. "
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  • Kathy M.
    "Great location. We have alley accessible. Ball field behind us. Skate park. Friendly neighbors. Walking path "
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  • Aaron Potter
    "They are always friendly Nice Welcoming Helpful Peaceful Good Easy Good with people Very interesting "
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  • Obogue
    "Watertown is overpriced for real estate. There are few attractions in the area. The city simply exists because the farmers live in this part of the country. "
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  • Obogue
    "There is a nice dog park near by. But there is only one, and there are ALOT of people and dogs there. "
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  • Srhestenes
    "I'm not a fan of living here. the crime rates are pretty high. The chance of becoming a victim of either violent or property crime in Watertown is 1 in 49. Based on FBI crime data, Watertown is not one of the safest communities in America. Relative to South Dakota, Watertown has a crime rate that is higher than 88% of the state's cities and towns of all sizes. my neighbors aren't friendly and I dont see a lot of animals out for walks"
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  • Miss.Moving
    "I very rarely see people out with their dogs. I'm not sure why that is, it could just be the neighborhood I'm in. But the neighborhood kids around here tend to be a bit tough with animals."
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  • William K.
    "I’ve only lived in this area for 8 or 9 months and don’t mind it at all. Friendly environment... besides when that kid got shot two blocks birth of my house."
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Average Rent Trends in Watertown, SD

Rent in Watertown, SD varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Apr 2025.
MonthAverage rent
Jun 2025$1,400
Jul 2025$1,300
Aug 2025$1,095
Sep 2025$1,150
Oct 2025$1,200
Nov 2025$1,150
Dec 2025$1,150
Jan 2026$1,100
Feb 2026$1,100
Mar 2026$1,100
Apr 2026$1,200
May 2026$1,300
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Townhomes were the most affordable home type to rent compared with Houses and Apartments and Condos.
1 bed2 beds3 beds4 bedsAll
All home types$1,050$1,200$1,650$1,400$1,250
Townhomes$1,000$1,100——$1,100
Apartments and Condos—$906$1,700—$1,400
Houses—$1,000$1,850$1,900$1,225
See more information about local market trends in Watertown, SD

Frequently Asked Questions about Rentals in Watertown, SD

  • What is the average rent of an apartment in Watertown, SD?
    The average rent of an apartment in Watertown, SD is $1,167 per month. This is about 40% lower than the national average.
  • What is the average rent of a house in Watertown, SD?
    The average rent of a house in Watertown, SD is $1,225 per month. This is about 37% lower than the national average.
  • What is the average rent of a townhome in Watertown, SD?
    The average rent of a townhome in Watertown, SD is $1,100 per month. This is about 43% lower than the national average.
  • When is the average rent cheapest in Watertown, SD?
    In the last year, the average rent in Watertown, SD was lowest in Mar 2025 when it was $850 per month.
  • When is the average rent most expensive in Watertown, SD?
    In the last year, the average rent in Watertown, SD was highest in Apr 2025 when it was $1,400 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Watertown, SD?
    The average rent of a 1 bedroom apartment in Watertown, SD is $1,050 per month. That is about $185 more than the cost of a studio apartment.
  • How many available rental listings are in Watertown, SD?
    There are 37 available rental listings in Watertown, SD.
  • What are some zip codes in Watertown, SD?
    Watertown, SD includes zip codes such as: 57201.
  • What are some cities near Watertown, SD?
    Some nearby cities include: Kranzburg, Goodwin, South Shore, Strandburg, Florence. These cities may have more rental options to explore.