Zumper
modified
4 Days Ago

Highlights

  • Pet Friendly
  • Stainless-steel appliances
  • High speed internet access
  • In-unit washer/dryer
  • Rooftop patio
  • Pet wash station
  • Modern window coverings

Location

15 1st St Nw, Watertown, SD 57201, USA
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Contact

Management

HME Properties - Watertown

Leasing office

(605) 736-4234

Property Overview

Marketplace Apartments offers strong overall value with an 8.5/10 expert rating, highlighted by excellent pricing (9/10), a premier amenity package (10/10), and a convenient location (9/10). Renters benefit from modern features like stainless-steel appliances, in-unit washer/dryer, high-speed internet, a rooftop patio, pet wash station, and contemporary window coverings, plus 22 photos that provide a clear view of the property. Its high value-per-square-foot and solid trustworthiness rating (8/10) further underscore its appeal.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, Marketplace Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Marketplace Apartments has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • Dishwasher
  • Elevator

Great for

  • Work-from-home
  • Pet owners

Floor plans

D1 bed1 bath787 sqft$1,135 /mo1 unit available"D" unit Marketplace offers unique one and two bedroom apartments. The rooftop patio is a great place to gather and enjoy the outside. Each unit smart deadbolt access providing easy and secure access to the unit. High speed internet access in each unit. Modern window coverings, in-unit washer/dryer, quality cabinetry, and stainless-steel appliances are just some of the amenities of these well-appointed apartments.
C1 bed1 bath787 sqft$1,135 /mo1 unit available'C" unit Marketplace offers unique one and two bedroom apartments. The rooftop patio is a great place to gather and enjoy the outside. Each unit smart deadbolt access providing easy and secure access to the unit. High speed internet access in each unit. Modern window coverings, in-unit washer/dryer, quality cabinetry, and stainless-steel appliances are just some of the amenities of these well-appointed apartments.
K2 bed2 bath1,036 sqft$1,435–$1,445 /mo2 units available"k" unit Marketplace offers unique one and two bedroom apartments. The rooftop patio is a great place to gather and enjoy the outside. Each unit smart deadbolt access providing easy and secure access to the unit. High speed internet access in each unit. Modern window coverings, in-unit washer/dryer, quality cabinetry, and stainless-steel appliances are just some of the amenities of these well-appointed apartments. Reserve your new home today!
H2 bed2 bath1,286 sqft$1,565 /mo1 unit available"H" unit Marketplace offers unique one and two bedroom apartments. The rooftop patio is a great place to gather and enjoy the outside. Each unit smart deadbolt access providing easy and secure access to the unit. High speed internet access in each unit. Modern window coverings, in-unit washer/dryer, quality cabinetry, and stainless-steel appliances are just some of the amenities of these well-appointed apartments. Reserve your new home today!

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Amenities for Marketplace Apartments

Apartment Amenities

Interior MailboxesWater

Appliances

DishwasherIn-Unit Laundry
MicrowaveOven
RangeRange/Oven
RefrigeratorWasher and Dryer

Tech

High Speed Internet Access

Building

Cats OKCommunity Rooftop Patio
Controlled AccessDogs OK
ElevatorSewer

Grounds

Garage ParkingPet Wash Station

Services

Recycling

Other

Modern Window Coverings
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Parking Policy

Garage Parking

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units69
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About Marketplace Apartments

HomeApartments in Watertown Marketplace Apartments

Marketplace offers unique one and two bedroom apartments. The rooftop patio is a great place to gather and enjoy the outside. Each unit has smart deadbolt access providing easy and secure access to the apartment. High speed internet access in each unit. A pet wash station, garbage chute, modern window coverings, in-unit washer/dryer, quality cabinetry, and stainless-steel appliances are just some of the amenities of these well-appointed apartments.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, Marketplace Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Marketplace Apartments has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated Marketplace Apartments
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Marketplace Apartments stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Marketplace Apartments stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Marketplace Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Marketplace Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Marketplace Apartments is great for:

Work-from-home

  • High speed internet is an amenity
  • Large windows for natural lighting
  • 3 office supply stores within 1 mile

Pet owners

  • Outdoor spaces are available at this property
  • 6 pet grooming services nearby
  • 3 pet hospitals in the area
  • 7 pet supply stores near the property

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Marketplace Apartments compares to other nearby properties.

Positives

More space
The 1-bedroom is 310 sqft larger than other listings nearby
More space
The 2-bedroom is 1044 sqft larger than other listings nearby
Dishwasher
Dishwasher available in kitchen
Elevator
Improved accessibility features
Images Available
There are at least 10 photos of this address
Pet friendly
This property allows pets

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1 mile away

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Rent trends in Watertown

1-bedroom apartments here are priced 9% higher than 1-bedrooms in Watertown.

If you decide to upgrade your space, you can expect 2-bedrooms at Marketplace Apartments to be 25% more than the average for similarly sized apartments in Watertown.

Median rents as of Apr 25 2026.
Watertown
A table of studio rental data trends in Watertown
MonthMedian Rent
May 2024$985
October 2024$700
November 2024$765
January 2025$829
February 2025$829
March 2025$805
April 2025$636
May 2025$600
June 2025$609
July 2025$595
August 2025$1,035
April 2026$727

Affordability calculator

Can I afford to live at 15 1st St Nw?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$45,400/yr

With your selected rent-to-income ratio, you'd ideally want to make $45,400 annually to afford this 1-bedroom median monthly rent price of $1,135.
For more information on rent affordability, visit our rent calculator.

Schools near Marketplace Apartments

Roosevelt Elementary School

412 2nd st se

watertown, SD, 57201

PK, K-4Public
B-

Garfield Education Center - 14

216 10th st se

watertown, SD, 57201

PKPublic
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Internet available near Marketplace Apartments

Getting around Watertown near 15 1st St Nw

Walking

5/10
Some shops and stores are within a few minutes.

Driving

8/10
This area is close to freeways and has adequate parking options.

Points of interest for 15 1st St Nw, Watertown

Groceries

8/10
At least one grocery store within a 15-minute walk

Shopping

5/10
Some shops within walking distance

Cafes

2/10
Few or no cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 20-minute walk

High schools

5/10
At least one high school within a 30-minute walk

Nightlife

6/10
Some bars within walking distance

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