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
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.

Natures Edge Partners LLC

Beardsley Apartments

Lamplighter Apartments

Heritage High Apartments

Innovation Village
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.

Prairie Springs Apartments

Prairie Village Apartments

Wilmot Estates

Trails Head

Forte of Brookings: 50+ Community!
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.

1018 Southland Ln
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 | $925 | $775 | $1,100 |
Watertown 1 Bedroom Apartments | $1,126 | $502 | $1,885 |
Watertown 2 Bedroom Apartments | $1,443 | $740 | $1,900 |
Watertown 3 Bedroom Apartments | $1,624 | $1,000 | $1,925 |
Watertown 4 Bedroom Apartments | $1,695 | $1,695 | $1,695 |
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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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Natures Edge Partners LLC | 1B1B Subsidy | 1BR,1BA | $25 |
Beardsley Apartments | One Bedroom | 1BR,1BA | $519 |
Lake Area Townhomes | 1 Bedroom | 1BR,1BA | $820 |
Forte of Brookings: 50+ Community! | Starling | Studio,1BA | $895 |
Dakota Estates | DEIII Chestnut | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Wheatgrass Village I | TH 4P/B - 1,640 | 4BR,2.5BA | $1.03 |
The Plains Apartments | 1631 - 3 Bedroom | 3BR,2BA | $1.41 |
One & Two Willow Creek | 2BR/2.0BA | 2BR,2BA | $1.08 |
Lake Area Townhomes | 2 Bedroom | 2BR,2.5BA | $1.00 |
Marketplace Apartments | O | 1BR,1BA | $1.67 |
Beardsley Apartments | One Bedroom | 1BR,1BA | $0.58 |
Cardinal Estates | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.06 |
Wilmot Estates | Aster | 2BR,1BA | $1.54 |
Aberdeen Communities | 2 BED 1 BATH | 2BR,1BA | $1.50 |
Natures Edge Partners LLC | 1B1B MKT | 1BR,1BA | $1.52 |
Quick Rent Budget Calculator
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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
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.

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.

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.

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.