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Watertown, SD Homes for Rent

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  • /46

    Starting at $866 Per Month

    • Studio - 2 Beds

    218 19th St SE, Watertown, SD 57201

    The Oaks, where homes are made, is now leasing Studio, 1-Bedroom, and 2-Bedroom apartments. Each home comes with modern finishes and the convenience of an in-unit washer and dryer. Rent also includes water, sewer, and trash.Our community features a secure entry system, spacious common areas perfect for entertaining, and two fitness centers designed for busy lifestyles. Located just a 5-minute

    The Oaks

    (605) 303-6212

    218 19th St SE, Watertown, SD 57201
  • /18

    Starting at $455 Per Month

    • 1 - 3 Beds

    2330 Challenger Way, Watertown, SD 57201

    Discover Watertown’s newest affordable community offering beautiful 1-, 2-, and 3-bedroom homes. This brand new property features modern interiors, great views, and high quality amenities, all at comfortable, budget friendly rates. Enjoy fresh construction, stylish finishes, and a welcoming place to call home.

    Mary's Heights Apartments

    (605) 303-7272

    2330 Challenger Way, Watertown, SD 57201
  • /23

    Starting at $1,135 Per Month

    • 1 - 3 Beds

    1604 4th St NE, Watertown, SD 57201

    Welcome to The Plains Apartments in Watertown, SD! Our community offers a range of amenities to enhance your lifestyle. Stay active in our fitness room, pamper your furry friends in the pet spa, and let your pups run free in the on-site dog park. Enjoy the convenience of included internet and gather with neighbors in the clubhouse. Experience comfortable living at The Plains Apartments.

    The Plains Apartments

    (605) 303-6335

    1604 4th St NE, Watertown, SD 57201
  • /32

    Starting at $1,055 Per Month

    • 1 - 2 Beds

    26 1st Ave SW, Watertown, SD 57201

    Welcome to Generations on 1st in Watertown, SD! Our apartment community offers controlled building access for added security and peace of mind. Say goodbye to hauling trash down flights of stairs with our convenient garbage chute access. Enjoy a smoke-free environment both inside the building and on the grounds. Elevators make moving in and out a breeze, while in-unit washer and dryer units and

    Generations on 1st

    (605) 303-6826

    26 1st Ave SW, Watertown, SD 57201
  • /39

    Starting at $950 Per Month

    • 1 - 2 Beds

    1845 Westminster Ave, Watertown, SD 57201

    Wilkeshire Apartments are located in the perfect area of Watertown, SD. Living here, you will have easy access to the shopping centers, lakes, parks, golf courses, restaurants, schools, while still living in a quiet, peaceful neighborhood. You’ll love being a part of this beautiful community.

    Wilkeshire Apartments

    (605) 303-6862

    1845 Westminster Ave, Watertown, SD 57201
  • /19

    Starting at $1,135 Per Month

    • 1 Bed

    15 1st St NW, Watertown, SD 57201

    Marketplace offers unique one and two bedroom apartments. The rooftop patio is a great place to gather and enjoy the outside. Each unit has smart deadbolt access providing easy and secure access to the apartment. High speed internet access in each unit. A pet wash station, garbage chute, modern window coverings, in-unit washer/dryer, quality cabinetry, and stainless-steel appliances are just

    Marketplace Apartments

    (605) 956-5831

    15 1st St NW, Watertown, SD 57201
  • /24

    Starting at $925 Per Month

    • Studio - 2 Beds

    2308 14th Ave NE, Watertown, SD 57201

    Archer Flats in Watertown SD feature BRAND NEW studio, 1 and 2-bedroom apartments and 2 bedroom townhomes. This beautiful property has everything youve been looking for modern finishes, new appliances and premium amenities. Archer Flats is also pet friendly

    Archer Flats

    (605) 956-5607

    2308 14th Ave NE, Watertown, SD 57201
  • /9

    Starting at $995 Per Month

    • 1 Bed

    10 N Broadway, Watertown, SD 57201

    Welcome to The Lofts in Watertown, SD, where convenience meets modern living. Our controlled building access ensures your safety and security, while the elevator makes moving in a breeze. Each unit has a dishwasher and in-unit washer & dryer for added convenience. Stay connected with high-speed internet access in each unit. Breathe easy in our smoke-free building and grounds. Keep your car warm

    The Lofts

    (605) 303-6880

    10 N Broadway, Watertown, SD 57201
  • /20

    Starting at $1,520 Per Month

    • 2 Beds

    2000 Kemp Place E, Watertown, SD 57201

    One & Two Willow Creek has created a precedent for luxury living in Watertown by combining modern aesthetics with comfortable housing elements. Offering six unique luxury living spaces to choose from along with unique and opulent apartment options. Each unit has been designed with modern and high quality interior elements.

    One & Two Willow Creek

    (605) 303-6355

    2000 Kemp Place E, 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
  • /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
  • /10

    $1,100 Per Month

    • 2 Beds
    • 1 Bath
    • Townhouse for Rent

    1229 1st Ave SE, Watertown, SD 57201

    2 Bedroom duplex near park. Over-sized single garage, in unit laundry. NO PETS. $40 application fee, reference, background, criminal history and credit checks apply. 12 Month lease. Tenant pays utilities and does snow removal.

    1229 1st Ave SE, Watertown, SD 57201
  • /7

    $895 Per Month

    • 1 Bed
    • 1 Bath
    • 600 Sq Ft
    • 1 Bed 1 Bath

    179 8th St NE, Watertown, SD 57201

    Come check out this adorable remodeled one bedroom cottage! This home features brand new flooring throughout, kitchen with all new cabinets and appliances, and a beautiful bathroom with walk in shower! This unit will not last long, get your new home for an affordable price! Tenant will be responsible for all utilities. Call Citi-Wide for a showing today!

    179 8th St NE, 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
  • /15

    $1,225 Per Month

    • 2 Beds
    • 1 Bath
    • Fully Furnished Lake Home Available Sept. 15th, thru May 15th

    1038 S Lake Dr, Watertown, SD 57201

    2 Bedroom / 1 Bath on Lake KampeskaThis rental is available on Sept 15th, 2026, lease will end May 15th, 2027!! Short commute to town. One level living with a large eat-in kitchen! FULLY FURNISHED! Tenant is responsible for utilities, lawn care, and snow removal. Call Citi-Wide Property Management for a showing!

    1038 S Lake Dr, 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
  • /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
  • /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
  • /5

    $1,000 Per Month

    • 1 Bed
    • 1 Bath
    • Townhouse for Rent

    1412 12th Ave SE, Watertown, SD 57201

    1412 12th Ave SE, Watertown, SD 57201

Why Live in Watertown

Watertown, South Dakota, with a population of around 22,000, is known for its picturesque landscapes, including Lake Kampeska and Pelican Lake, which offer year-round recreational activities such as fishing, boating, and ice fishing. The city is home to the Redlin Art Center, showcasing the works of local artist Terry Redlin, and features over 20 public parks, including the expansive Stokes-Thomas Lake City Park & Campground. Watertown's attractions also include the Bramble Park Zoo, the Goss Opera House, and annual events like the Holiday Light Parade and Cookin’ on Kampeska. The city’s downtown area, particularly along Broadway Avenue, is lined with historic buildings, casual dining options, and breweries. Watertown School District is highly rated, and the Lake Area Technical College provides strong educational opportunities. Housing options range from late 1800s cottages to ranch-style and split-level homes from the late 20th century. The city’s crime rates are lower than both national and state averages, contributing to its appeal as a family-friendly community. Watertown is accessible via Interstate 29, which connects to Sioux Falls, and has a regional airport with flights to major hubs.

Frequently Asked Questions

How much does it cost to rent a home in Watertown, SD?
The median rent for a home in Watertown, SD is $1,100 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.

Rental Trends in Watertown, SD

Rental Home Trends

Number of Homes for Rent
19
Median Rent
$1,100
Median Single Family Home Rent
$948
Median Townhouse Rent
$1,100
Median Condo Rent
$1,200
How to Rent a Home