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Apartments for Rent in Watertown, SD

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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

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As of November 2026, Watertown's rental market is stable, with rentals spending about 30 days on the market, faster than in South Dakota (32), and rents down 2.6% over the past year. Watertown's average rent is 0.2% ($3) lower than the South Dakota average of $1,219 and 40.3% ($820) lower than the U.S. average of $2,036.

Average Rent
$1,216
Monthly ChangeMonth Over Month Change
Increased0.45% ($5)
Yearly ChangeYear Over Year Change
Decreased2.6% ($32)
Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,049 Decreased0.13% ($1) Increased0.6% ($6)
2 Beds $1,206 Increased0.07% ($1) Decreased4.3% ($55)
3 Beds $1,509 Decreased0.42% ($6) Decreased4.2% ($67)
Based on rentals advertised on RentalSource in and around Watertown.
Frequently Asked Questions
Watertown Rental Market FAQs

Explore rental prices, market conditions, and affordability in Watertown, SD.

The average rent in Watertown, SD is about $1,216 per month.
In Watertown, the average rent is about $1,049 per month for a 1-bedroom apartment, about $1,206 for a 2-bedroom apartment and about $1,509 for a 3-bedroom apartment.
The average rent in Watertown is 40.3% ($820) lower than the national average of $2,036 per month.
The rental market in Watertown, SD is currently stable, with rentals spending about 30 days on the market, faster than in South Dakota (32), and rents down 2.6% over the past year.
Based on the current averages, a household would need an annual income of about $48,200 to comfortably afford a 2-bedroom apartment in Watertown.
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