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$455 - $1,3551 to 3 Bedroom Apartments Available Now
Mary's Heights Apartments
2330 Challenger WayWatertown, SD 57201
Cheap Apartments for Rent in Watertown, SD from $400 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Watertown.
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$7251 Bedroom Apartment Available Sep 1
21 1st Ave SE, Unit 203
21 1st Ave SEWatertown, SD 57201
182 3rd St NE
WatertownSD57201
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Studio to 1 Bedroom Apartments
Studios on 3rd
15 3rd St SEWatertown, SD 57201
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2 to 3 Bedroom Apartments
Briar Creek Townhomes
1810 Westminster AveWatertown, SD 57201
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1 to 3 Bedroom Apartments
Willow Creek Apartments
1520 3rd Ave SWWatertown, SD 57201
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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2 to 3 Bedroom Apartments
Three Oaks II
305-325 18th St SWWatertown, SD 57201
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1 to 3 Bedroom Apartments
Ashland Apartments
1500 3rd Ave SWWatertown, SD 57201
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1 to 2 Bedroom Apartments
One Willow Creek
2002 W Kemp Ave EWatertown, SD 57201
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Rent Specials
$600 - $700
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowBeardsley Apartments
210 4th Ave WBeardsley, MN 56211
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$769
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available Jul 15Total Monthly Price
Base Rent
$750
Required Monthly Fees
$19
Total Monthly Price
$769
Nature's Edge Apartments
105 Sunnyslope RdMorris, MN 56267
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Studio to 1 Bedroom Apartments
806 W 5th St
806 W 5th StMorris, MN 56267
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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1 to 2 Bedroom Apartments
Woodland Park - Ivanhoe
106 N County Road 5Ivanhoe, MN 56142
309 W Washington Ave
HowardSD57349
318 S 3rd St
MilanMN56262
316 S 3rd St
MilanMN56262
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1 to 2 Bedroom Apartments
Heritage High Apartments
210 W Center StMadison, SD 57042
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2 Bedroom Apartments
Ridgeview Manor
1604 1st Ave NWheaton, MN 56296
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.
1301 John Deere Cir
MadisonSD57042
Showing Results 1-19, Page 1 of 1
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 | $965 | $815 | $1,155 |
| Watertown 1 Bedroom Apartments | $1,328 | $455 | $10,000+ |
| Watertown 2 Bedroom Apartments | $1,503 | $545 | $6,300 |
| Watertown 3 Bedroom Apartments | $1,577 | $800 | $1,840 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Watertown
See all Apartments in WatertownExplore Watertown
Watertown, SD Local Guide
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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 Mary's Heights Apartments priced from $455. Beardsley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Watertown apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mary's Heights Apartments | 1 Bed, 1 bath | 1BR,1BA | $455 |
| Beardsley Apartments | One Bedroom | 1BR,1BA | $600 |
| Flats on 8th | Efficiency | Studio,1BA | $850 |
| Archer Flats | Efficiency | Studio,1BA | $925 |
| Lamplighter Apartments | Two Bedroom One Bathroom | 2BR,1BA | $930 |
Best Value Apartments for Rent in Watertown, SD and Nearby
As of June 11, 2026 the best value apartment in the Watertown area is the $0.89 price per square foot 3 Bedroom Townhome Model at Wheatgrass Village I in the starting from $1,465. The second greatest value Watertown apartment is the 3 Beds, 1 bath Model at Colony West starting at $1,497 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. |
|---|---|---|---|
| Wheatgrass Village I | 3 Bedroom Townhome | 3BR,2.5BA | $0.89 |
| Colony West | 3 Beds, 1 bath | 3BR,1BA | $1.00 |
| Mary's Heights Apartments | 3 Beds, 2 baths | 3BR,2BA | $0.60 |
| Lake Area Townhomes | 2 Bedroom | 2BR,2.5BA | $1.03 |
| 511 10th St SE, Unit 513 | 511 10th St SE | 2BR,1BA | $0.86 |
| Wilkeshire Apartments | Ashford | 2BR,1BA | $1.19 |
| The Oaks | 2 Bedroom | 2BR,2BA | $1.46 |
| Beardsley Apartments | One Bedroom | 1BR,1BA | $0.67 |
| Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1.46 |
| Lamplighter Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.30 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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.
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Best Local Schools in Watertown, SD
Watertown Intermediate School
Watertown School District 14-4
Public School - Grades K-5 (548)
6 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Watertown, SD Rentals by Map
See the most popular apartments and homes in Watertown, SD
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 $455 at Mary's Heights 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 $545 at Mary's Heights Apartments.
Expert Rental Resources
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.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.