$730
Total Monthly Price12 Month Lease Term
Total Monthly Price
Base Rent
$730
Total Monthly Price
$730
1 Bedroom, 1 Bath Townhome for Rent
Available Now
318 S 3rd St
MilanMN56262
Cheap Homes for Rent in Watertown, SD from $700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Watertown.
318 S 3rd St
MilanMN56262
308 S 3rd St
MilanMN56262
316 S 3rd St
MilanMN56262
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.
1301 John Deere Cir
MadisonSD57042
625 14th Ave
BrookingsSD57006
309 W Washington Ave
HowardSD57349
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.
1229 1st Ave SE
WatertownSD57201
Showing Results 1-7, Page 1 of 1
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 | $1,237 | $900 | $1,750 |
| Watertown 3 Bedroom Homes for Rent | $3,130 | $1,200 | $10,000+ |
| Watertown 4 Bedroom Homes for Rent | $1,800 | $1,500 | $2,100 |
| Watertown 5 Bedroom Homes for Rent | $1,250 | $1,250 | $1,250 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Watertown
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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 |
| Willow Creek Apartments | 3 Bedroom | 3BR,1BA | $730 |
Best Value Apartments for Rent in Watertown, SD and Nearby
As of May 21, 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 |
| 1501 N Grove Pl | 3Bed,2.5Bath | 3BR,2.5BA | $1.13 |
| Mary's Heights Apartments | 3 Beds, 2 baths | 3BR,2BA | $0.60 |
| Lake Area Townhomes | 2 Bedroom | 2BR,2.5BA | $1.03 |
| East Point Village Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.35 |
| Beardsley Apartments | One Bedroom | 1BR,1BA | $0.67 |
| Willow Creek Apartments | 3 Bedroom | 3BR,1BA | $0.84 |
| 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.
Read Article
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 Watertown
What type of rentals are currently available in Watertown?
There are currently 72 Apartments for Rent in Watertown, SD with pricing that ranges from $455 to $14,557. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watertown ranging from $730 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 $730 to $10,000 with an average monthly rent of $1,643.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.