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Newest Homes for Rent in Watertown, SD

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  • /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
  • /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
  • /22

    Starting at $1,005 Per Month

    • 1 - 2 Beds

    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
  • /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
  • /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
  • /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
  • /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
  • /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
  • /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
  • /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
  • /12

    $1,250 Per Month

    • 3 Beds
    • 2 Baths
    • Condo for Rent

    217 2nd St NE Unit 217, Watertown, SD 57201

    217 2nd St NE Unit 217, 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
  • /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
  • /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
  • /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
  • /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

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 $1,200 per month, though prices vary by neighborhood, size, and property type. As of May 2026, townhouses tend to be the most affordable option while condos and 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 $48,000 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 $1,200 per month in Watertown, SD, renters typically need to show $3,600 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.

Rental Home Trends in Watertown, SD

Rental Home Trends

Number of Homes for Rent
17
Median Rent
$1,200
Median Single Family Home Rent
$1,225
Median Townhouse Rent
$1,100
Median Condo Rent
$1,200
How to Rent a Home