Last updated on June 17, 2026

Average rent in
Watertown, SD

Median rent

Median rent in Watertown

$1,200/mo

increased by14%

vs previous year

The average rent in Watertown is $1,200 per month as of June 2026. This is 38% below the national average rent, or $750 less per month.

$2.71

average price per square foot

Total rentals

Available rentals in Watertown

44

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Watertown rentals at each price point

70%53%35%18%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 4% over the last month and have increased by 14% 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 $1,200, whereas a house costs $1,250. 1-bedroom apartments in Watertown run $1,090 on average, while 2-bedroom apartments are $1,200.

Listings

Studio

$650

45%

58%

1 bedroom

$1,050

14%

9%

2 bedroom

$1,200

4%

2%

3 bedroom

$1,600

1%

6%

Studio

Average rent

$650

Last 30 days

45%

Last year

58%

1 bedroom

Average rent

$1,050

Last 30 days

14%

Last year

9%

2 bedroom

Average rent

$1,200

Last 30 days

4%

Last year

2%

3 bedroom

Average rent

$1,600

Last 30 days

1%

Last year

6%

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
decreased by38%

lower than the national median

Median rent price$600
decreased by69%

lower than the national median

Takeaway

The median rent for all rentals in Watertown, SD is 100% higher than the median rent in Appleton, MN.

Discover rentals in Watertown, SD

618 N Broadway - Photo 1 of 1

2d ago

7.3

Very good

618 N Broadway

618 N Broadway, Watertown, SD 57201

1 bed

1 bath

$625

Apartment for rent

Willow Creek Apartments - Photo 1 of 1

1d 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

Apartment for rent

Call

Ashland Apartments - Photo 1 of 1

1d 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–$850

Apartment for rent

Call

5th Ave NW - Photo 1 of 1

1h ago

7.9

Very good

5th Ave NW

5th Ave Nw, Watertown, SD 57201

2 beds

1 bath

$800

Apartment for rent

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 $1,200 per month as of June 13, 2026.

Is rent up or down in Watertown?

Average rent prices in Watertown have decreased by 4% over the last month and have increased by 14% 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 $750 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?

Watertown's 2025 rental market shows one-bedroom apartments averaging around $1,000 per month, while two-bedroom units average around $1,300 monthly. These figures reflect the current pricing across the city's rental inventory.

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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