Cheap Apartments for Rent in Watertown, SD from $400 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in Watertown.

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Studios on 3rd
Studio to 1 Bedroom Apartments

Studios on 3rd

15 3rd St SEWatertown, SD 57201
  • Utilities Included
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Three Oaks II
2 to 3 Bedroom Apartments

Three Oaks II

305-325 18th St SWWatertown, SD 57201
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Flats on 8th
Studio to 2 Bedroom Apartments

Flats on 8th

22 8th Ave SWWatertown, SD 57201
  • Utilities Included
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Ashland Apartments
1 to 3 Bedroom Apartments

Ashland Apartments

1500 3rd Ave SWWatertown, SD 57201
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One Willow Creek
1 to 2 Bedroom Apartments

One Willow Creek

2002 W Kemp Ave EWatertown, SD 57201
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Woodland Park - Ivanhoe
1 to 2 Bedroom Apartments

Woodland Park - Ivanhoe

106 N County Road 5Ivanhoe, MN 56142
Senior Living
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Watertown, SD Local Guide

Cheapest Available Watertown Apartments for Rent and Nearby

 

The cheapest available apartment rental in Watertown, SD is a 1 Bed unit found at Beardsley Apartments priced from $482. 806 W 5th St has the second lowest priced unit, which is a Studio apartment currently listed from $525. Here is today’s list of the most affordable Watertown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Beardsley ApartmentsOne Bedroom1BR,1BA$482
806 W 5th StStudioStudio,1BA$525
Aberdeen Communities1 BED 1BATH1BR,1BA$795
Lake Area Townhomes1 Bedroom1BR,1BA$810
Forte Living of Aberdeen: 50+ Community!StarlingStudio,1BA$850

Best Value Apartments for Rent in Watertown, SD and Nearby

As of March 21, 2025 the best value apartment in the Watertown area is the $1.03 price per square foot TH 4P/B - 1,640 Model at Wheatgrass Village I in the starting from $1,695. The second greatest value Watertown apartment is the 2 Bedroom Model at Lake Area Townhomes starting at $1,240 with a $1.00 price per square foot . Here is today’s list of the best values for Watertown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wheatgrass Village ITH 4P/B - 1,6404BR,2.5BA$1.03
Lake Area Townhomes2 Bedroom2BR,2.5BA$1.00
Wilkeshire Apartments2 Bed 1 Bath2BR,1BA$0.88
Marketplace ApartmentsF2BR,2BA$1.40
Beardsley ApartmentsOne Bedroom1BR,1BA$0.54
Generations on 1st1BR/1.0BA1BR,1BA$1.36
The Oaks1 Bedroom1BR,1BA$1.61
Aberdeen Communities1 BED 1BATH1BR,1BA$1.45
Forte Living of Aberdeen: 50+ Community!StarlingStudio ,1BA$1.63
806 W 5th StStudioStudio ,1BA$1.64

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Location, Location, Location!

Explore Watertown, SD Rentals by Map

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Getting Around Watertown, SD

Walk Score®

44 / 100

Car-Dependent

Most errands require a car

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Watertown Apartments

What is the Cheapest Studio apartment in Watertown?

Currently the most affordable Cheap Studio Apartment in Watertown is at 806 W 5th St listed at $525.

How much is rent for a Cheap One Bedroom Watertown Apartment?

The lowest price for a Cheap One Bedroom Watertown Apartment is $482 at Beardsley Apartments.

What is the lowest price for a Cheap Two Bedroom Watertown Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Watertown is starting from $950 at Wilkeshire Apartments.

What is the most affordable Watertown Three Bedroom Apartment?

The best deal on a cheap Watertown Three Bedroom Apartment rental is at The Plains Apartments and starts from $1,870.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.