Last updated on November 1, 2026

Average rent in
Watertown, SD

Median rent

Median rent in Watertown

$1,175/mo

increased by2%

vs previous year

The average rent in Watertown is $1,175 per month as of October 2026. This is 38% below the national average rent, or $725 less per month.

$2.31

average price per square foot

Total rentals

Available rentals in Watertown

27

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Watertown rentals at each price point

80%60%40%20%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Watertown, SD

Average rent prices in Watertown have decreased 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 $1,175, whereas a house costs $1,235. 1-bedroom apartments in Watertown run $1,155 on average, while 2-bedroom apartments are $1,075.

Listings

Studio

$1,200

No Change

-

1 bedroom

$1,155

No Change

16%

2 bedroom

$1,100

No Change

8%

3 bedroom

$1,400

No Change

12%

4 bedroom

$1,350

4%

4%

Studio

Average rent

$1,200

1 bedroom

Average rent

$1,155

Last year

16%

2 bedroom

Average rent

$1,100

Last year

8%

3 bedroom

Average rent

$1,400

Last year

12%

4 bedroom

Average rent

$1,350

Last 30 days

4%

Last year

4%

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$1,175
decreased by38%

lower than the national median

Median rent price$675
decreased by64%

lower than the national median

Takeaway

The median rent for all rentals in Watertown, SD is 74% higher than the median rent in Appleton, MN.

Discover rentals in Watertown, SD

Willow Creek Apartments - Photo 1 of 1

4d ago

8.7

Very good

Our team has verified this company

Verified

Willow Creek Apartments

1520 3rd Ave Sw, Watertown, SD 57201

1–3 beds

1 bath

Call for price

Call

Ashland Apartments - Photo 1 of 1

5d+ ago

9.3

Excellent

Our team has verified this company

Verified

Ashland Apartments

1520 3rd Ave Sw, Watertown, SD 57201

1–3 beds

1 bath

$800

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.

Call

5d+ ago

8.3

Very good

303 N Maple

303 N Maple, Watertown, SD 57201

2 beds

1 bath

$850

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
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

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

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 $1,175 per month as of October 31, 2026.

Is rent up or down in Watertown?

Average rent prices in Watertown have decreased 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 38% below the national average, which means renters are paying approximately $725 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 $47,000/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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