Apartments for Rent in Watertown, SD

Prices and availability in Watertown, SD were last updated on 23 May 2026.

The best apartments in Watertown, SD are: The Oaks and Generations on 1st.

The average rent in Watertown, SD is $767.

The price range for a studio apartment in Watertown, SD is between $829 and $1,520.

The price range for a 1-bedroom apartment in Watertown, SD is between $937 and $1,031.

The price range for a 2-bedroom apartment in Watertown, SD is between $1,252 and $1,520.

In Watertown 35% of the housing is rented out compared to 65% of homes are owned, according to the most recent Census Bureau estimates. 7% of Watertown's apartments are found in large buildings of 50 units or more, 59% are located in smaller apartment complexes with less than 50 units, and 25% are single-family rentals.

The average age of rental buildings in Watertown is 32 years old, with 31% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 4 stories, of which 53% are garden-style apartment communities, 47% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Studio apartments in Watertown are around 21% of rentals, while 1-bedroom floor plans represent 68% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 12% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.