309 W Washington Ave
HowardSD57349
Cheap Homes for Rent in Watertown, SD from $600 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Watertown.
308 S 3rd St
MilanMN56262
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.
316 S 3rd St
MilanMN56262
213 13th Ave E
WebsterSD57274
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.
1301 John Deere Cir
MadisonSD57042
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Watertown, SD Local Guide
Research Farm by USDA NRCS South Dakota is licensed under CC BY 2.0
How much does it cost to rent a home in Watertown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Watertown 2 Bedroom Homes for Rent | $1,110 | $750 | $1,400 |
| Watertown 3 Bedroom Homes for Rent | $2,878 | $900 | $10,000+ |
| Watertown 4 Bedroom Homes for Rent | $1,200 | $1,200 | $1,200 |
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 $502. 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 | $502 |
| Ridgeview Manor - Trail I and II | 2BR/1.0BA | 2BR,1BA | $700 |
Best Value Apartments for Rent in Watertown, SD and Nearby
As of February 18, 2026 the best value apartment in the Watertown area is the $1.02 price per square foot 3 Bedroom Model at Lake Area Townhomes in the starting from $1,580. The second greatest value Watertown apartment is the 3Bed,2.5Bath Model at 1501 N Grove Pl starting at $1,700 with a $1.13 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. |
|---|---|---|---|
| Lake Area Townhomes | 3 Bedroom | 3BR,2.5BA | $1.02 |
| 1501 N Grove Pl | 3Bed,2.5Bath | 3BR,2.5BA | $1.13 |
| Mary's Heights Apartments | 3 Beds, 2 baths | 3BR,2BA | $0.65 |
| Ridgeview Manor - Trail I and II | 2BR/1.0BA | 2BR,1BA | $0.74 |
| 425 8th Ave NE, Unit 4 | 425 8th Ave NE | 2BR,1BA | $1.28 |
| Beardsley Apartments | One Bedroom | 1BR,1BA | $0.56 |
| Willow Creek Apartments | 3 Bedroom | 3BR,1BA | $0.84 |
| Cardinal Estates | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.05 |
| Lamplighter Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.30 |
| Wheatgrass Village I | 1 Bed 1 Bath | 1BR,1BA | $1.29 |
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
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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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Best Local Schools in Watertown, SD
Watertown Intermediate School
Watertown School District 14-4
Public School - Grades 5-6 (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 65 Apartments for Rent in Watertown, SD with pricing that ranges from $455 to $2,672. There are also 20 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 $1,360.
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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.