Cheap Apartments for Rent in Watertown, SD from $500 (24 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Watertown.

close
View Me
Studios on 3rd
Studio to 1 Bedroom Apartments

Studios on 3rd

15 3rd St SEWatertown, SD 57201
  • Utilities Included
close
View Me
Briar Creek Townhomes
2 to 3 Bedroom Apartments

Briar Creek Townhomes

1810 Westminster AveWatertown, SD 57201
  • Utilities Included
close
View Me
Three Oaks II
2 to 3 Bedroom Apartments

Three Oaks II

305-325 18th St SWWatertown, SD 57201
close
View Me
Flats on 8th
Studio to 2 Bedroom Apartments

Flats on 8th

22 8th Ave SWWatertown, SD 57201
  • Utilities Included
close
View Me
Ashland Apartments
1 to 3 Bedroom Apartments

Ashland Apartments

1500 3rd Ave SWWatertown, SD 57201
close
View Me
One Willow Creek
1 to 2 Bedroom Apartments

One Willow Creek

2002 W Kemp Ave EWatertown, SD 57201
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

close
View Me
Archer Flats
Studio to 1 Bedroom Apartments

Archer Flats

2308 14th Ave NEWatertown, SD 57201
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

close
View Me
806 W 5th St
Studio to 1 Bedroom Apartments

806 W 5th St

806 W 5th StMorris, MN 56267
  • Utilities Included
close
View Me
Woodland Park - Ivanhoe
1 to 2 Bedroom Apartments

Woodland Park - Ivanhoe

106 N County Road 5Ivanhoe, MN 56142
Senior Living
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Watertown, SD Local Guide

Cheapest Available Watertown Apartments for Rent and Nearby

 

The cheapest available apartment rental in Watertown, SD is a 1 Bed unit found at Natures Edge Partners LLC priced from $25. Beardsley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $519. Here is today’s list of the most affordable Watertown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Natures Edge Partners LLC1B1B Subsidy1BR,1BA$25
Beardsley ApartmentsOne Bedroom1BR,1BA$519
Lake Area Townhomes1 Bedroom1BR,1BA$820
Forte of Brookings: 50+ Community!StarlingStudio,1BA$895
Dakota EstatesDEIII ChestnutStudio,1BA$906

Best Value Apartments for Rent in Watertown, SD and Nearby

As of June 23, 2025 the best value apartment in the Watertown area is the $1.03 price per square foot TH 4P/B - 1,640 Model at Wheatgrass Village I in the starting from $1,695. The second greatest value Watertown apartment is the 1631 - 3 Bedroom Model at The Plains Apartments starting at $1,925 with a $1.41 price per square foot . Here is today’s list of the best values for Watertown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wheatgrass Village ITH 4P/B - 1,6404BR,2.5BA$1.03
The Plains Apartments1631 - 3 Bedroom3BR,2BA$1.41
One & Two Willow Creek2BR/2.0BA2BR,2BA$1.08
Lake Area Townhomes2 Bedroom2BR,2.5BA$1.00
Marketplace ApartmentsO1BR,1BA$1.67
Beardsley ApartmentsOne Bedroom1BR,1BA$0.58
Cardinal Estates2 Bedroom 1 Bathroom2BR,1BA$1.06
Wilmot EstatesAster2BR,1BA$1.54
Aberdeen Communities2 BED 1 BATH2BR,1BA$1.50
Natures Edge Partners LLC1B1B MKT1BR,1BA$1.52

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Watertown, SD Rentals by Map

View MapWatertown, SD Apartments MapView MapWatertown, SD Rental Homes Map

Getting Around Watertown, SD

Walk Score®

44 / 100

Car-Dependent

Most errands require a car

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Watertown Apartments

What is the Cheapest Studio apartment in Watertown?

Currently the most affordable Cheap Studio Apartment in Watertown is at Forte of Brookings: 50+ Community! listed at $895.

How much is rent for a Cheap One Bedroom Watertown Apartment?

The lowest price for a Cheap One Bedroom Watertown Apartment is $25 at Natures Edge Partners LLC.

What is the lowest price for a Cheap Two Bedroom Watertown Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Watertown is starting from $950 at Cardinal Estates.

What is the most affordable Watertown Three Bedroom Apartment?

The best deal on a cheap Watertown Three Bedroom Apartment rental is at Wheatgrass Village I and starts from $1,225.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.