Rentometer, Inc. | Data as of 11/14/2025
Watertown, South Dakota, offers a vibrant rental market that blends small‑city charm with convenient access to a range of amenities. Prospective tenants will find a strong selection of apartment communities throughout the city, from modern complexes near the bustling downtown district to quieter units positioned close to the scenic Minnesota River. The city's well‑maintained streets, tree‑lined neighborhoods, and easy commute options make it an attractive choice for professionals, students, and families alike.
Apartment rentals dominate the local market, with one‑ and two‑bedroom options that cater to diverse lifestyle needs. One‑bedroom apartments typically average in the $1100s, with median rents hovering around $1035, providing an affordable entry point for those seeking a comfortable, low‑maintenance living space. For renters needing extra room, two‑bedroom units generally fall within the $1300‑$1400 range, reflecting the balanced pricing that supports both convenience and space. Many of these units feature contemporary finishes, on‑site laundry, and parking, and are situated near key attractions such as the historic Flandrau Science Center, the South Dakota State University campus, and the popular Orpheum Theatre.
Beyond the apartments themselves, Watertown’s community vibe is reinforced by a variety of local shops, restaurants, and outdoor recreation spots. Residents enjoy easy access to the Redlin Art Center, the expansive Lake Kampeska trail system, and a calendar of seasonal festivals that showcase the region’s cultural heritage. Whether you’re looking for a cozy studio or a spacious two‑bedroom home, Watertown’s rental market delivers a welcoming environment and quality of life that makes it a standout destination in South Dakota.
| 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 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.