Rentometer, Inc. | Data as of 10/22/2025
Watertown’s rental market reflects a blend of classic Midwestern charm and modern convenience, making it an attractive destination for renters seeking a vibrant yet affordable lifestyle in South Dakota. The city’s diverse housing stock includes a strong selection of apartment communities, ranging from cozy studio‑style units to spacious two‑bedroom layouts. Prospective tenants will find that one‑bedroom apartments are typically priced in the $1100s, while two‑bedroom units often fall in the $1400 range, offering competitive options for individuals, couples, and small families alike.
Neighborhoods such as the historic downtown district and the lakeside communities near Lake Kampeska provide easy access to a variety of amenities, including boutique shops, cafés, and cultural venues like the Redlin Art Center. Residents enjoy the convenience of nearby parks, walking trails, and recreational facilities, with Bramble Park and the Watertown Riverfront offering year‑round outdoor activities. Proximity to major employers, healthcare providers, and educational institutions further enhances the appeal of renting in this well‑connected city.
Whether you are drawn by the city’s friendly community atmosphere, its blend of urban and natural attractions, or the reliable rental options that balance comfort and cost, Watertown stands out as a welcoming place to call home. The rental market’s steady pricing and variety of apartment choices ensure that both newcomers and long‑time residents can find a living space that fits their lifestyle and budget.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,113 | $1,035 | $900 - $1,595 | $1,000 - $1,175 |
| Apartment | 2 Bedroom | $1,380 | $1,442 | $1,060 - $1,675 | $1,200 - $1,520 |
In the current period, the average rent in Watertown was
$1,113 for 1 Bedroom, and
$1,380 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.