2

Watertown, SD Houses for Rent

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  • 414 3rd St NE, Watertown, SD 57201
    414 3rd St NE, Watertown, SD 57201
    /2

    $1,575 Per Month

    • 3 Beds
    • 1 Bath
    • House for Rent

    414 3rd St NE, Watertown, SD 57201

    dNow available: a comfortable 3 bedroom, 1 bathroom home located in a quiet neighborhood. This home offers a practical layout with plenty of living space, making it a great option for anyone looking for a clean and functional place to call home.The property features three bedrooms, one full bathroom, a spacious living area, and a kitchen with room for everyday use. Outside, you'll find a

    414 3rd St NE, Watertown, SD 57201
  • 1038 S Lake Dr, Watertown, SD 57201
    1038 S Lake Dr, Watertown, SD 57201
    1038 S Lake Dr, 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
South Dakota Codington County Watertown

Houses for Rent in Watertown, SD

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 $1,225 per month, though prices vary by neighborhood, size, and property type. As of June 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 $38,000 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 $950 per month in Watertown, SD, renters typically need to show $2,850 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 26.0, 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 2 single-family homes available for rent in Watertown, SD. The median rent is $1,225 per month, with 3-bedroom houses renting at $1,575.

Rental Home Trends

Number of Houses for Rent
2
Median Single Family Home Rent
$1,225
Median 3 Bedroom Single Family Home Rent
$1,575
How to Rent a Home

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