$680
Total Monthly Price
Total Monthly Price
Base Rent
$680
Utilities & Essentials
Varies
Total Monthly Price
$680
1 Bedroom, 1 Bath Townhome for Rent
Available Now
308 S 3rd St
MilanMN56262
Cheap Homes for Rent in Watertown, SD from $300 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Watertown.
308 S 3rd St
MilanMN56262
316 S 3rd St
MilanMN56262
409 Atlantic Ave
MorrisMN56267
314 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.
1301 John Deere Cir
MadisonSD57042
720 8th Ave
BrookingsSD57006
620 Medary Ave
BrookingsSD57006
201 7th St W
CanbyMN56220
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.
Showing Results 1-8, Page 1 of 1
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 | $1,129 | $715 | $1,500 |
| Watertown 3 Bedroom Homes for Rent | $2,659 | $1,125 | $10,000+ |
| Watertown 4 Bedroom Homes for Rent | $1,687 | $1,250 | $2,900 |
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
Explore Watertown
Watertown, SD Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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. Wheatgrass Village I has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here is today’s list of the most affordable Watertown apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Beardsley Apartments | One Bedroom | 1BR,1BA | $519 |
| Wheatgrass Village I | Efficency with 1 bath | Studio,1BA | $695 |
| Ridgeview Manor - Trail I and II | 2BR/1.0BA | 2BR,1BA | $700 |
Best Value Apartments for Rent in Watertown, SD and Nearby
As of November 14, 2025 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 3 Bedroom 2 Bathroom Model at East Point Village Apartments starting at $1,385 with a $1.11 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 |
| East Point Village Apartments | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.11 |
| The Plains | 1631 - 2 Bedroom - Galley | 2BR,2BA | $1.33 |
| Ridgeview Manor - Trail I and II | 2BR/1.0BA | 2BR,1BA | $0.74 |
| Beardsley Apartments | One Bedroom | 1BR,1BA | $0.58 |
| Wilkeshire Apartments | 880 sf 2b/1b | 2BR,1BA | $1.22 |
| Willow Creek Apartments | 3 Bedroom | 3BR,1BA | $0.84 |
| Cardinal Estates | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.01 |
| Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1.40 |
| Lamplighter Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.26 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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 ArticleThe 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 ArticleQuick Rent Budget Calculator
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.
Let everyone know!
Do you know the Watertown area?
If you’re an expert on all things Watertown, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Local Schools in Watertown, SD
Watertown Intermediate School
Watertown School District 14-4
Public School - Grades 5-6 (548)
7 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 68 Apartments for Rent in Watertown, SD with pricing that ranges from $502 to $1,980. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watertown ranging from $335 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 $335 to $10,000 with an average monthly rent of $1,374.
How much are larger Three and Four Bedroom Rentals in Watertown?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Watertown range from $1,375 to $1,840, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,125 to $10,000. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $1,275.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.