13 Hours Ago
Highlights
Zero Deposit
Pet Friendly
- Off-street parking
- Newer flooring
Location
405 E Watertown St, Rapid City, SD 57701, USA
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Property Overview
405 E Watertown offers exceptional value with top-tier ratings for price, amenities, and location, plus strong trustworthiness from its detailed, transparent listing. With off-street parking, newer flooring, and convenient access to well-rated nearby schools, it stands out in both value-for-money and value per square foot. The property is also well-suited to remote work, socializing, and sustainable living, thanks to high-speed internet, walkability, ample transit options, numerous restaurants, and multiple nearby parks.
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.
Things you’ll love
Less expensive- Middle school nearby
- Elementary school nearby
Great for
Eco living
Social life
Work-from-home
Floor plans
| 0BR/1.0BA | Studio | 1 bath | 550 sqft | $725 /mo | 1 unit available | Clean, upstairs studio apartment for rent. Newer paint, newer flooring, newer deck. Big studio apartment, small pets welcome with references, pet rent, and extra deposit. Off-street parking, No Smoking. Rent $725 + $40 flat water/sewer/garbage fee (tenant responsible for gas, electric and cable/internet) $725 security deposit. (No Security Deposit for qualified renters... ask our office for details!) Standard lease terms are 12-months; or please contact our office to see if there are optional lease terms available. Pets welcome with references, pet deposit & pet rent (Pet deposit $500 first pet; $300 each additional. Pet rent $50/month per pet) For further information or to schedule a showing, please call (605) 721-9095 or visit www ccpropertymgmt com ** Renters Insurance & Resident Benefits Package (RBP) All CC Property Management residents are required to maintain renters insurance. Residents will automatically be enrolled in our liability insurance plan ($11.95/month) unless proof of third‑party renters insurance is provided. This requirement applies to all CCPM residents and is not optional. ~ Resident Benefits Package (RBP) A comprehensive Resident Benefits Package is also required for all residents. This package delivers valuable services designed to enhance your rental experience, including: - Credit‑building opportunities - Identity theft protection - Move‑in concierge service for utility setup - A robust resident rewards program - (For applicable properties) HVAC air filter delivery ~ Monthly RBP cost: - $25/month - $30/month for properties requiring HVAC air filter delivery $$Total Monthly Add‑Ons Depending on the property, your combined monthly total will be: - $36.95/month (RBP $25 + Liability Insurance $11.95) - $41.95/month (RBP $30 + Liability Insurance $11.95) More details are provided upon application. See the attached flyer for a full list of benefits!! Equal Housing Opportunity #CCPM #CCPropertyManagement #RapidCityRentals |
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Amenities for 405 E Watertown
Apartment Amenities
| Private Entry |
Appliances
| Gas Range | Range |
| Refrigerator |
Building
| Cats OK | Dogs OK |
Grounds
| Off-Street Parking |
Services
| Package Service | Resident Benefits Package |
Neighborhood
| Centrally Located | Nearby Shopping |
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
Water Sewer Garbage Fee
Monthly.
$40
Renters Insurance Fee
Monthly.
$36.95
OPTIONAL FEES
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Cat
Pet Terms
1 cat max.
Dog
Pet Terms
1 dog max.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 3 |
|---|
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About 405 E Watertown
Clean, upstairs studio apartment for rent. Newer paint, newer flooring, newer deck. Big studio apartment, small pets welcome with references, pet rent, and extra deposit. Off-street parking, No Smoking. Rent $725 + $40 flat water/sewer/garbage fee (tenant responsible for gas, electric and cable/internet) $725 security deposit. (No Security Deposit for qualified renters... ask our office for details!) Standard lease terms are 12-months; or please contact our office to see if there are optional lease terms available. Pets welcome with references, pet deposit & pet rent (Pet deposit $500 first pet; $300 each additional. Pet rent $50/month per pet) For further information or to schedule a showing, please call (605) 721-9095 or visit www ccpropertymgmt com ** Renters Insurance & Resident Benefits Package (RBP) All CC Property Management residents are required to maintain renters insurance. Residents will automatically be enrolled in our liability insurance plan ($11.95/month) unless proof of third‑party renters insurance is provided. This requirement applies to all CCPM residents and is not optional. ~ Resident Benefits Package (RBP) A comprehensive Resident Benefits Package is also required for all residents. This package delivers valuable services designed to enhance your rental experience, including: - Credit‑building opportunities - Identity theft protection - Move‑in concierge service for utility setup - A robust resident rewards program - (For applicable properties) HVAC air filter delivery ~ Monthly RBP cost: - $25/month - $30/month for properties requiring HVAC air filter delivery $$Total Monthly Add‑Ons Depending on the property, your combined monthly total will be: - $36.95/month (RBP $25 + Liability Insurance $11.95) - $41.95/month (RBP $30 + Liability Insurance $11.95) More details are provided upon application. See the attached flyer for a full list of benefits!! Equal Housing Opportunity #CCPM #CCPropertyManagement #RapidCityRentals
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.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, 405 E Watertown is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 405 E Watertown has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A 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.
405 E Watertown offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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.
405 E Watertown 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.
405 E Watertown 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 405 E Watertown 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.
405 E Watertown is great for:
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 405 E Watertown compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Less expensive
- Studio units are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 1 mile away
- Elementary school nearby
- There is an elementary school 1 mile away
- More space
- Studio is 180 sqft larger than other listings nearby
- Package service
- More secure storage for delivery
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Rapid City
studio apartments at 405 E Watertown cost about 27% less than the average rent price for studio apartments in Rapid City.
Median rents as of Apr 18 2026.
Rapid City
| Month | Median Rent |
|---|---|
| May 2024 | $982 |
| June 2024 | $992 |
| July 2024 | $965 |
| August 2024 | $976 |
| September 2024 | $961 |
| October 2024 | $906 |
| November 2024 | $900 |
| December 2024 | $900 |
| January 2025 | $915 |
| February 2025 | $950 |
| March 2025 | $922 |
| April 2025 | $909 |
| May 2025 | $937 |
| June 2025 | $943 |
| July 2025 | $915 |
| August 2025 | $920 |
| September 2025 | $901 |
| October 2025 | $905 |
| November 2025 | $909 |
| December 2025 | $915 |
| January 2026 | $900 |
| February 2026 | $913 |
| March 2026 | $964 |
| April 2026 | $995 |
Affordability calculator
Can I afford to live at 405 E Watertown St?
Bedrooms
StudioRent-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
$29,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $29,000 annually to afford this studio monthly rent price of $725.
For more information on rent affordability, visit our rent calculator.
Schools near 405 E Watertown
General Beadle Elementary School
10 van buren st
rapid city, SD, 57701
PK, K-5Public
C
Jefferson Academy
21 st joseph st
rapid city, SD, 57701
PK, K-12Public
Patriot Elementary - 06
421 don williams dr
box elder, SD, 57719
K-3Public
B+
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Internet available near 405 E Watertown
Neighborhood
Getting around Rapid City near 405 E Watertown St
Walking
6/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Points of interest for 405 E Watertown St, Rapid City
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
6/10
Variety of shops within walking distance
Cafes
3/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
6/10
At least one elementary school within a 20-minute walk
High schools
3/10
No high schools within a 30-minute walk
Nightlife
4/10
Few or no bars within walking distance
Explore the area around 405 E Watertown St
Benja's Mexican Store
710 N Lacrosse St
Breadroot Natural Foods Cooperative
100 East Blvd N
Asian Grocery
1012 E North St
Walmart Supercenter
1200 N Lacrosse St
Sam's Club
925 Eglin St
Family Dollar
937 E North St
Walmart Supercenter
1200 N Lacrosse St
Overland Sheepskin
612 6th St
Hemporium Boutique
544 Century Rd
Servall Uniform
312 Main St
Jerry's Cakes & Donuts
109 E Omaha St
7 Brew Coffee
509 N Cambell St
Dark Canyon Coffee Co
324 East Blvd
Espresso Importers
324 East Blvd
Pure Bean
201 Main St
Time Out Lounge
615 E North St
Lacrosse Street Casino
720 N Lacrosse St
Toby's Casino
720 E North St
Deano's Casino
903 E North St
Poker Joe's
211 N Cambell St
Walmart Bakery
1200 N Lacrosse St
Einstein Bros Bagels
501 E Saint Joseph St
Main Street Market
333 Omaha St
Dakota Butcher-Rapid City
651 N Creek Dr
Metz Baking Sales
1727 E Anamosa St
Great Wall Chinese Restaurant
315 E North St
Luo Inc
315 E North St
Thai Thai LLC
221 E North St
Papa Murphy's Take 'N' Bake
606 E North St
Little Caesars
685 N Lacrosse St
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