Average Rent in Watertown, SD and Rent Price Trends

Rent trends in Watertown, SD

Average rent prices in Watertown have increased by 2% over the last month and have increased by 2% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Watertown, SD

Rent prices in Watertown vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Watertown is $1,160, whereas a house costs $1,375. 1-bedroom apartments in Watertown run $1,135 on average, while 2-bedroom apartments are $1,100.


Studio	$1,200	58%	8%
1 bedroom	$1,135	6%	3%
2 bedroom	$1,175	2%	7%
3 bedroom	$1,400	3%	11%

				Listings
Apartments	$1,160	3%	No Change
Houses	$1,375	7%	No Change

Studio

Average rent

$1,200

Last 30 days

58%

Last year

1 bedroom

Average rent

$1,135

Last 30 days

Last year

2 bedroom

Average rent

$1,175

Last 30 days

Last year

3 bedroom

Average rent

$1,400

Last 30 days

Last year

11%

The table above reflects average rent prices in Watertown, SD, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Watertown, SD compare to other cities?

Compare median rent prices in Watertown and Appleton by all bedroom counts and property types.

Watertown

Median rent price$1,200

37%

lower than the national median

Median rent price$650

66%

lower than the national median

Takeaway

The median rent for all rentals in Watertown, SD is 85% higher than the median rent in Appleton, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$650

$1,175

$1,050

$1,410

$950

$1,700

$1,125

$895

$730

$1,047

$1,125

$785

Discover rentals in Watertown, SD

22h ago

8.7

Very good

Verified

Willow Creek Apartments

1520 3rd Ave Sw, Watertown, SD 57201

1–3 beds

1 bath

Call for price

Call

1d ago

9.3

Excellent

Verified

Ashland Apartments

1520 3rd Ave Sw, Watertown, SD 57201

1–3 beds

1 bath

$800

Call

21h ago

7.7

Very good

303 N. Broadway, Watertown, SD

303 N Broadway, Watertown, SD 57201

2 beds

1 bath

$850

1d ago

7.8

Very good

1320 4th Ave SE

1320 4th Ave Se, Watertown, SD 57201

2 beds

1 bath

$925

11 1/2 2nd Street Southeast - Photo 1 of 1

5d+ ago

8.3

Very good

11 1/2 2nd Street Southeast

11 1/2 2nd St Se, Watertown, SD 57201

2 beds

1 bath

$1,050

5d+ ago

Apartment for rent in Watertown

317 3rd Avenue Southeast - 2

317 3rd Ave Se #2, Watertown, SD 57201

2 beds

1 bath

$1,100

5d+ ago

8.8

Very good

Town Players

5 S Broadway, Watertown, SD 57201

2 beds

1 bath

$1,200

1d ago

Apartment for rent in Watertown

1542 Bogue Avenue - 5

1542 Bogue Ave Ne #5, Watertown, SD 57201

3 beds

1 bath

$1,500

$1,400

Price drop

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Frequently asked questions for Watertown, SD

Quick answers to common questions about the Watertown rental market.

How much is rent in Watertown?

The average rent in Watertown is $1,200 per month as of September 12, 2026.

Is rent up or down in Watertown?

Average rent prices in Watertown have increased by 2% over the last month and have increased by 2% since last year.

How does Watertown rent compare to the national average?

Rent in Watertown is 37% below the national average, which means renters are paying approximately $700 less per month.

What salary do I need to afford rent in Watertown?

To comfortably afford rent in Watertown, you'd need to earn approximately $48,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Watertown?

Based on Zumper's July 2026 data, January offers the lowest rents in Watertown, with prices running about 19% lower than March, which sees the highest rent. Searching in January could result in better deals compared to the spring market.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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Apartments for rent in Watertown

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6 S Broadway, Watertown, SD 57201, USA

207 3rd St Sw, Watertown, SD 57201, USA

107 4th Ave Se, Watertown, SD 57201, USA

317 3rd Ave Se, Watertown, SD 57201, USA

105 1st Ave Sw, Watertown, SD 57201, USA

304 3rd Ave Ne, Watertown, SD 57201, USA

1542 Bogue Ave Ne, Watertown, SD 57201, USA

1 S Broadway, Watertown, SD 57201, USA