Cheap Apartments for Rent in Watertown, SD
35 rentals
Use arrow keys to navigatePET FRIENDLYINCOME RESTRICTED$455 - $870/mo
1-3 Beds
1-2 BathsMarys Heights Apartments | 2330 Challenger Way #6068b64b9,
Watertown, SD 57201
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PET FRIENDLY
PET FRIENDLY$1,035 - $1,495/moStudio-2 Beds1-2 BathsThe Plains Apartments | 1631 4th St NE #112,
Watertown, SD 57201
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NEW - 1 DAY AGOAPPLY INSTANTLYPET FRIENDLY
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Apartments For Rent Near Watertown, SD
We found 8 more apartments matching your filters just outside Watertown
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY
Use arrow keys to navigatePET FRIENDLY
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY
Use arrow keys to navigatePET FRIENDLY
Use arrow keys to navigatePET FRIENDLY
Use arrow keys to navigateAPPLY INSTANTLYPET FRIENDLY
APPLY INSTANTLYFURNISHED
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.
| Month | Average 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 |
Average Rent By Bedroom and Home Type
In May 2026, Houses were the most affordable home type to rent compared with Townhomes and Apartments and Condos.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,050 | $1,200 | $1,650 | $1,400 | $1,300 |
| Townhomes | — | $1,400 | — | — | $1,400 |
| Apartments and Condos | — | $1,300 | $1,700 | — | $1,400 |
| Houses | — | $1,200 | $1,500 | $1,800 | $1,350 |
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 $1,283 per month. This is about 33% 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.