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

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

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Studios on 3rd
Studio to 1 Bedroom Apartments

Studios on 3rd

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

Briar Creek Townhomes

1810 Westminster AveWatertown, SD 57201
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Three Oaks II
2 to 3 Bedroom Apartments

Three Oaks II

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

Flats on 8th

22 8th Ave SWWatertown, 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.

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One Willow Creek
1 to 2 Bedroom Apartments

One Willow Creek

2002 W Kemp Ave EWatertown, SD 57201
  • Utilities Included
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Archer Flats
Studio to 1 Bedroom Apartments

Archer Flats

2308 14th Ave NEWatertown, SD 57201
  • Utilities Included

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.

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806 W 5th St
Studio to 1 Bedroom Apartments

806 W 5th St

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

Woodland Park - Ivanhoe

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

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

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 ListingModel NameBed/BathPriced From
Beardsley ApartmentsOne Bedroom1BR,1BA$519
Aberdeen Communities1 BED 1BATH1BR,1BA$925
Wheatgrass Village I2X - 9062BR,1BA$990
Generations on 1st1BR/1.0BA1BR,1BA$1,010
Forte of Brookings: 50+ Community!Finch1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Plains Apartments1631 - 3 Bedroom3BR,2BA$1.45
Lake Area Townhomes2 Bedroom2BR,2.5BA$1.00
Marketplace Apartments2BR/2.0BA2BR,2BA$1.37
Forte Living of Aberdeen: 50+ Community!Wren2BR,2BA$1.42
Wheatgrass Village I2X - 9062BR,1BA$1.09
Beardsley ApartmentsOne Bedroom1BR,1BA$0.58
Generations on 1st1BR/1.0BA1BR,1BA$1.40
Trails HeadOne Bedroom Townhome1BR,1BA$1.79
Forte of Brookings: 50+ Community!Finch1BR,1BA$1.80
Aberdeen Communities1 BED 1BATH1BR,1BA$1.68

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

Explore Watertown, SD Rentals by Map

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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

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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.

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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.

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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.