Cheap Apartments for Rent in Watertown, SD

39 rentals

Apartments For Rent Near Watertown, SD

We found 6 more apartments matching your filters just outside Watertown

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 decreased in Oct 2026 compared to the previous month. Rent previously peaked in Apr 2025.
MonthAverage rent
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
Jun 2026$1,225
Jul 2026$1,095
Aug 2026$1,081
Sep 2026$1,250
Oct 2026$1,150
View as a graph

Average Rent By Bedroom and Home Type

In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,125$1,100$1,400$1,650$1,200
Apartments and Condos$850$1,050$1,400—$1,100
Houses—$1,217$1,675$1,650$1,292
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 $1,142 per month. This is about 41% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Watertown, SD?
    Last year, the cheapest month to find an apartment to rent was Mar 2025 when it was $850 per month.
  • How many cheap apartments are available in Watertown, SD?
    There are 25 apartments to rent that are cheaper than the city’s average rent of $1,200.
  • 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 $1,125 per month. That is about $200 more than the cost of a studio apartment.
  • 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.
View this page in Spanish: Apartamentos baratos en renta en Watertown, SD - 122 Rentas | Trulia