Watertown, SD Condos for Rent

/15
$1,200 Per Month
- 2 Beds
- 1 Bath
- Condo for Rent
5 S Broadway Unit 2, Watertown, SD 57201

Downtown Upper-Level Unit – Conveniently located downtown with all utilities included! This unit features a fridge and stove, in-unit stacked washer/dryer, radiator heat, and wall A/C. On-street parking is available, with additional public parking nearby. Call Citi-Wide Property Management for a showing today!

5 S Broadway Unit 2, Watertown, SD 57201
Explore Watertown
/7
$1,800 Per Month
- 1 Bed
- 1 Bath
- Condo for Rent
6 S Broadway Unit 1, Watertown, SD 57201

New 1 bedroom uptown apartment. This unit is absolutely gorgeous! On site laundry. $1800/month includes utilities. Year lease. $40 application fee. Background checks required. There is the possibility of renting this unit fully furnished at an additional cost.

6 S Broadway Unit 1, Watertown, SD 57201
/10
$925 Per Month
- 2 Beds
- 1 Bath
- Condo for Rent
1320 4th Ave SE Unit B, Watertown, SD 57201

Cozy upper-level unit in a 4-plex! This apartment features a refrigerator, stove, wall A/C, baseboard heating, and washer/dryer hookups. Enjoy the convenience of a single-stall detached garage, with lawn care and snow removal provided by management. Tenant pays all utilities.Call Citi-Wide Property Management for a showing!

1320 4th Ave SE Unit B, Watertown, SD 57201

South Dakota Codington County

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 September 2026, condos tend to be the most affordable option while single-family homes 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 $49,000 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 $1,225 per month in Watertown, SD, renters typically need to show $3,675 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 20.5, 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 3 condos available for rent in Watertown, SD. The median rent is $1,200 per month, with 1-bedroom condos renting at $1,800 and 2-bedroom condos at $1,063.

Rental Home Trends

Number of Condos for Rent 3	Median Condo Rent $1,200
Median 1 Bedroom Condo Rent $1,800	Median 2 Bedroom Condo Rent $1,063

How to Rent a Home

Rentals in Watertown

Condos for Rent by Bedrooms in Watertown

More About Living in Watertown

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