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Viewing 1-7 of 7 rentals in Watertown
What to Know About
Life in Watertown & Beyond
Watertown shares many of the great qualities that make South Dakota a desirable place to live.
South Dakota combines natural wonders, rich history, and irresistible charm. Dive into the state's fascinating heritage through its cultural landmarks and historical sites, such as the captivating South Dakota Cultural Heritage Center and the legendary Museum of the American Bison, or opt to further your education at world-renowned institutions such as South Dakota State University and the University of South Dakota. South Dakota's economy thrives on agriculture, tourism, and manufacturing.
Sports lovers will be in paradise with various seasonal activities such as skiing, snowboarding, and snowmobiling in the winter and golfing, camping, fishing, and hiking in the summer. Also, discover iconic attractions like the world-famous Mount Rushmore National Memorial, the awe-inspiring Dinosaur Park, the rugged Badlands National Park, the enchanting Black Hills National Forest, and the historic city of Deadwood.
With its stunning natural beauty and robust economy, South Dakota is the ideal destination for those who seek outdoor recreation and an unparalleled western experience. So get ready to be enchanted by South Dakota's irresistible charm, pristine landscapes, and unbeatable quality of life. South Dakota is an excellent place for those who want to live their best lives.
Rental Market Trends
Watertown, SD
As of June 2025, Watertown's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Watertown's average rent is 11.6% ($134) higher than the South Dakota average of $1,155 and 27.7% ($495) lower than the U.S. average of $1,784.
Average Rent
$1,289
Monthly ChangeMonth Over Month Change
0.1% ($1)
Yearly ChangeYear Over Year Change
0.4% ($5)
Avg. Days on MarketAverage Days on Market
36
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,054 | 13.7% ($167) | 2.6% ($28) |
| 2 Beds | $1,468 | 2.3% ($35) | 5.8% ($81) |
| 3 Beds | $1,821 | 2.1% ($38) | 5.7% ($99) |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Watertown Rental Market FAQs
Explore rental prices, market trends, and availability in Watertown, SD.
The average rent in Watertown, SD is $1,289 per month.
Homes in Watertown typically rent for between $738 and $2,367 per month, with an average of $1,289 per month.
In Watertown, the average rent for a 1-bedroom home is $1,054 per month, for a 2-bedroom home, $1,468 per month, and a 3-bedroom home is $1,821 per month.
The average rent in Watertown is 27.7% ($495) lower than the national average of $1,784 per month.
The average rent in Watertown has increased by 0.1% ($1) in the last month and increased by 0.4% ($5) over the past year.
The rental market in Watertown, SD, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Watertown, SD, the average rental stays on the market for approximately 36 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 7 rental properties available in Watertown, SD.
Based on the current averages, a household would need an annual income of $58,720 to comfortably afford a 2-bedroom home in Watertown.
