Apartments for Rent in Watertown, SD

Prices and availability in Watertown, SD were last updated on 6 Jun 2026.

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

The average rent in Watertown, SD is $829.

The price range for a studio apartment in Watertown, SD is between $866 and $1,580.

The price range for a 1-bedroom apartment in Watertown, SD is between $1,055 and $1,385.

The price range for a 2-bedroom apartment in Watertown, SD is between $866 and $1,580.

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 34 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.

Rental apartments in Watertown come in a range of sizes and floorplans. Studio apartments represent 21% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 68% of the total apartments in the city, while 2-bedroom floorplans represent around 12% of all rentals in Watertown. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.