309 W Washington Ave
HowardSD57349
Cheap Homes for Rent in Watertown, SD from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Watertown.
917 12th Ave NW
WatertownSD57201
1738 12th St S
BrookingsSD57006
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
232 Fremont St S
Lake BentonMN56149
719 8th Ave
BrookingsSD57006
131 13th St SW
WatertownSD57201
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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Watertown, SD Local Guide
How much does it cost to rent a home in Watertown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Watertown 2 Bedroom Homes for Rent | $1,182 | $875 | $1,900 |
| Watertown 3 Bedroom Homes for Rent | $2,361 | $1,125 | $10,000+ |
| Watertown 4 Bedroom Homes for Rent | $2,133 | $1,800 | $2,500 |
| Watertown 5 Bedroom Homes for Rent | $1,600 | $1,600 | $1,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 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 |
| Lamplighter Apartments | Two Bedroom One Bathroom | 2BR,1BA | $930 |
Best Value Apartments for Rent in Watertown, SD and Nearby
As of August 20, 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, 2 baths Model at Mary's Heights Apartments starting at $800 with a $0.60 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 |
| Mary's Heights Apartments | 3 Beds, 2 baths | 3BR,2BA | $0.60 |
| Forte of Brookings: 50+ Community! | Wren | 2BR,2BA | $1.69 |
| Prairie Village Apartments | Prairie Village 2 - 2 Bed - 1 Bath | 2BR,1BA | $1.19 |
| Cardinal Estates | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.09 |
| Beardsley Apartments | One Bedroom | 1BR,1BA | $0.67 |
| Parkview Apartments and Townhomes | 2 bedroom apartment | 2BR,1BA | $1.21 |
| Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1.46 |
| Lamplighter Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.30 |
| Wilmot Estates Apartments | 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $1.75 |
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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Best Local Schools in Watertown, SD
Watertown Intermediate School
Watertown School District 14-4
Public School - Grades K-5 (532)
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 Watertown
What type of rentals are currently available in Watertown?
There are currently 69 Apartments for Rent in Watertown, SD with pricing that ranges from $455 to $14,557. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watertown ranging from $695 to $10,000.
What is the current price range for Rental Homes in Watertown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Watertown ranges from $695 to $10,000 with an average monthly rent of $1,840.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.