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Studio Apartments for Rent in Watertown, SD

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    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
  • /24

    Starting at $1,035 Per Month

    • Studio - 2 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
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    Starting at $865 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
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    $675 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    105 7th Ave SE Unit 105, Watertown, SD 57201

    105 7th Ave SE Unit 105, 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 $1,200 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses 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 19.8, 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
4
Median Rent
$1,200
Median Single Family Home Rent
$1,500
Median Townhouse Rent
$1,325
Median Condo Rent
$925
How to Rent a Home