
Cheap Apartments for Rent in Watertown, SD from $500 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Watertown.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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Beardsley Apartments

Lamplighter Apartments

Heritage High Apartments

Cardinal Estates

Innovation Village

Prairie Village Apartments
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Lake Area Townhomes

Prairie Springs Apartments

Wilmot Estates

Trails Head

Forte of Brookings: 50+ Community!
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Watertown, SD Local Guide

How much does it cost to rent an apartment in Watertown?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Watertown Studio Apartments | $920 | $815 | $1,155 |
Watertown 1 Bedroom Apartments | $1,145 | $502 | $1,980 |
Watertown 2 Bedroom Apartments | $1,472 | $740 | $1,980 |
Watertown 3 Bedroom Apartments | $1,587 | $1,000 | $1,975 |
Watertown 4 Bedroom Apartments | $1,695 | $1,695 | $1,695 |
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Watertown, SD Local Guide
- Nearby Cities
- ZIP codes
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Cheapest Available Watertown Apartments for Rent and Nearby
 The cheapest available apartment rental in Watertown, SD is a 1 Bed unit found at Beardsley Apartments priced from $519. Aberdeen Communities has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here is today’s list of the most affordable Watertown apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Beardsley Apartments | One Bedroom | 1BR,1BA | $519 |
Aberdeen Communities | 1 BED 1BATH | 1BR,1BA | $925 |
Wheatgrass Village I | 2X - 906 | 2BR,1BA | $990 |
Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1,010 |
Forte of Brookings: 50+ Community! | Finch | 1BR,1BA | $1,160 |
Best Value Apartments for Rent in Watertown, SD and Nearby
As of August 01, 2025 the best value apartment in the Watertown area is the $1.45 price per square foot 1631 - 3 Bedroom Model at The Plains Apartments in the starting from $1,975. The second greatest value Watertown apartment is the 2 Bedroom Model at Lake Area Townhomes starting at $1,250 with a $1.00 price per square foot . Here is today’s list of the best values for Watertown apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Plains Apartments | 1631 - 3 Bedroom | 3BR,2BA | $1.45 |
Lake Area Townhomes | 2 Bedroom | 2BR,2.5BA | $1.00 |
Marketplace Apartments | 2BR/2.0BA | 2BR,2BA | $1.37 |
Forte Living of Aberdeen: 50+ Community! | Wren | 2BR,2BA | $1.42 |
Wheatgrass Village I | 2X - 906 | 2BR,1BA | $1.09 |
Beardsley Apartments | One Bedroom | 1BR,1BA | $0.58 |
Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1.40 |
Trails Head | One Bedroom Townhome | 1BR,1BA | $1.79 |
Forte of Brookings: 50+ Community! | Finch | 1BR,1BA | $1.80 |
Aberdeen Communities | 1 BED 1BATH | 1BR,1BA | $1.68 |
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Best Local Schools in Watertown, SD
Watertown Intermediate School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Watertown, SD
Walk Score®
44 / 100
Car-Dependent
Most errands require a car
Bike Score®
45 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Watertown Apartments
How much is rent for a Cheap One Bedroom Watertown Apartment?
The lowest price for a Cheap One Bedroom Watertown Apartment is $519 at Beardsley Apartments.
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 $990 at Wheatgrass Village I.
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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.

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.