7

Watertown, SD Condos for Rent

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  • 152 13th St NE Unit 12, Watertown, SD 57201
    152 13th St NE Unit 12, Watertown, SD 57201
    /2

    $850

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 651 Sq Ft
    • Condo for Rent

    152 13th St NE Unit 12, Watertown, SD 57201

    Call Wayne, our Property Manager, for details regarding this apartment that will be coming available for June 1st. This apartment will go quickly because of the reasonable rent and location to Tech School. Convenient living for students because it is right across the street from Lake Area Technical College. Apartments are very basic, however, we pride ourselves in keeping the buildings clean

    152 13th St NE Unit 12, Watertown, SD 57201
  • 21 1st Ave SE Unit 203, Watertown, SD 57201
    21 1st Ave SE Unit 203, Watertown, SD 57201
    21 1st Ave SE Unit 203, Watertown, SD 57201
    /8

    $725

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 560 Sq Ft
    • Condo for Rent

    21 1st Ave SE Unit 203, Watertown, SD 57201

    Location, Location, Location! You'll love the quiet and convenience of this one bedroom, 2nd floor, downtown apartment. Just steps away you'll find Five Loaves Bakery where you can pick up your favorite breakfast pastry. Around the corner and a short stroll down the block you can meet your friends for a frothy cappuccino at Gather. Or, step across the street from there, and stop in at The Gym

    21 1st Ave SE Unit 203, Watertown, SD 57201
  • 182 3rd St NE Unit 182, Watertown, SD 57201
    182 3rd St NE Unit 182, Watertown, SD 57201
    182 3rd St NE Unit 182, Watertown, SD 57201
    /8

    $775 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    182 3rd St NE Unit 182, Watertown, SD 57201

    182 3rd St NE Unit 182, Watertown, SD 57201
  • 300 8th St NE Unit A, Watertown, SD 57201
    300 8th St NE Unit A, Watertown, SD 57201
    /2

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    300 8th St NE Unit A, Watertown, SD 57201

    300 8th St NE Unit A, Watertown, SD 57201
  • 115-118 4th St SW Unit 118 #2, Watertown, SD 57201
    115-118 4th St SW Unit 118 #2, Watertown, SD 57201
    115-118 4th St SW Unit 118 #2, Watertown, SD 57201
    /17

    $1,600 Per Month

    • 2 Beds
    • 1 Bath
    • 115/118 4th ST SW

    115-118 4th St SW Unit 118 #2, Watertown, SD 57201

    115-118 4th St SW Unit 118 #2, Watertown, SD 57201
  • 300 8th St NE Unit B, Watertown, SD 57201
    300 8th St NE Unit B, Watertown, SD 57201
    /2

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    300 8th St NE Unit B, Watertown, SD 57201

    300 8th St NE Unit B, Watertown, SD 57201
  • 500 7th St NE Unit B, Watertown, SD 57201
    500 7th St NE Unit B, Watertown, SD 57201
    500 7th St NE Unit B, Watertown, SD 57201
    /14

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    500 7th St NE Unit B, Watertown, SD 57201

    500 7th St NE Unit B, Watertown, SD 57201
South Dakota Codington County Watertown

Condos for Rent in Watertown, SD

Frequently Asked Questions

How much does it cost to rent a condo in Watertown, SD?
The median rent for a condo in Watertown, SD is $1,200 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option while townhouses and condos are currently more expensive.
How much do you need to make to afford rent in Watertown, SD?
To comfortably afford the median rent in Watertown, SD, a household needs to earn roughly $44,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,100 per month in Watertown, SD, renters typically need to show $3,300 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Watertown, SD?
In Watertown, SD, the price-to-rent ratio is 22.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Condo Rental Trends in Watertown, SD

There are currently 7 condos available for rent in Watertown, SD. The median rent is $1,200 per month, with 1-bedroom condos renting at $725 and 2-bedroom condos at $1,200.

Rental Home Trends

Number of Condos for Rent
7
Median Condo Rent
$1,200
Median 1 Bedroom Condo Rent
$725
Median 2 Bedroom Condo Rent
$1,200
How to Rent a Home

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