Rentometer, Inc. | Data as of 10/24/2025
Watertown’s metro rental market offers a diverse selection of modern apartments that cater to both single professionals and growing families. One‑bedroom units typically fall within the $1100s, with a median rent hovering around $1000, while two‑bedroom apartments are commonly found in the $1300 range, often centering near a median of $1450. These competitively priced rentals reflect Watertown’s balanced cost of living and provide comfortable living spaces across the city’s well‑maintained apartment complexes. Prospective renters appreciate the mix of updated interiors, on‑site amenities, and convenient access to major thoroughfares that connect the metro area to surrounding communities.
The city’s neighborhoods each bring a unique flavor to the rental experience. The historic downtown district is known for its charming streetscapes, boutique shops, and vibrant dining scene, making it ideal for those who enjoy an active urban lifestyle. Families often gravitate toward the quiet residential pockets near Lake Kampska and Bramble Creek Park, where easy access to outdoor recreation, walking trails, and water‑front activities enhances everyday living. Proximity to local schools, medical facilities, and the Watertown Regional Airport further strengthens the appeal of these areas. Whether you’re seeking a lively downtown apartment or a peaceful retreat near the lake, Watertown’s rental market delivers a welcoming environment that blends affordability with quality of life in South Dakota’s thriving metro region.
| 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 | $1,368 | $1,435 | $1,060 - $1,675 | $1,200 - $1,520 |
In the current period, the average rent in Watertown, SD was
$1,113 for 1 Bedroom, and
$1,368 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.