Watertown, SD Houses for Rent

/46
$1,750

Total Monthly Price
- 2 Beds
- 2 Baths
- 1,500 Sq Ft
- House for Rent
115 12th St SW, Watertown, SD 57201

Only one tenant since new in 2022, high quality finishes. Fridge, stove, microwave, dishwasher included. Washer & Dryer Included. Double heated garage with floor drain. Back patio. Lawn care and snow removal included.

115 12th St SW, Watertown, SD 57201
Explore Watertown
/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
/14
$1,200 Per Month
- 2 Beds
- 1 Bath
- 2 bed 1 bath House
401 S Maple, Watertown, SD 57201

Come check out this cozy 2 bed 1 bath house with an attached single stall garage and washer dryer hook ups. Tenant is responsible for all utilities, and takes care of lawn care/snow removal.

401 S Maple, Watertown, SD 57201

South Dakota Codington County Watertown

Frequently Asked Questions

How much does it cost to rent a single-family home in Watertown, SD?

The median rent for a single-family home in Watertown, SD is $1,450 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

There are currently 3 single-family homes available for rent in Watertown, SD. The median rent is $1,450 per month, with 3-bedroom houses renting at $1,525 and 4-bedroom houses at $1,500.

Rental Home Trends

Number of Houses for Rent

Median Single Family Home Rent

$1,450

Median 3 Bedroom Single Family Home Rent

$1,525

Median 4 Bedroom Single Family Home Rent

$1,500

How to Rent a Home

Rentals in Watertown

Watertown Apartments for Rent

More About Living in Watertown

Homes for Sale in Watertown

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