What is the average apartment size in Watertown?

The average size for a Watertown, SD apartment is 691 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Watertown?

As of Sep / 2025, the average rent in Watertown is $992 per month, a 19.03% increase from last year’s average of $833.

What is the average apartment size in Watertown?

The typical apartment in Watertown offers about 691 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Watertown, SD Rental Market Trends

Q: What's the typical rent budget in Watertown?

The typical rent budget in Watertown ranges from $1,001 to $1,500 per month, with 67% of rentals in this range.

Q: Do most people rent or own in Watertown?

In Watertown, 37% of households rent while 63% own their homes, based on the latest U.S. Census data.

Last updated: October 20, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Watertown is $992, a 19.03% increase compared to the previous year, when the average rent was $833.

One-bedroom apartments provide 654 square feet for $1,066, balancing privacy and affordability.

Two-beedroom units at $1,301 offer 1,050 square feet, perfect for roommates or small families.

Average rent in Watertown, SD

Last updated: October 20, 2025

	Average Rent	Average Apartment Size
All Rentals	$992	691 sq. ft.
Studio	n/a	n/a
1 Bed	$1,066	654 sq. ft.
2 Beds	$1,301	1,050 sq. ft.
3 Beds	n/a	n/a

Watertown, SD rent trends

Rental prices in Watertown, SD have increased by 19.03% over the past year. The average rent moved from $833 to $992.

What's the typical rent budget in Watertown, SD?

The largest share of rentals in Watertown, SD (67%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Watertown, SD?

3,821 or 37% of the households in Watertown, SD are renter-occupied while 6,416 or 63% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

How Watertown Compares to Other Cities

City	Average Rent
Watertown	$992
Harrisburg	$1,277
Sioux Falls	$1,134
Black Hills	$1,326
Rapid City	$1,303
Box Elder	$1,498
Mitchell	$1,130
Brookings	$1,168
Aberdeen	$1,053
Pierre	$1,346

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Watertown apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.