
Cheap Apartments for Rent in Watertown, SD from $500 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Watertown.


301 5th St SE

Wilkeshire Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Natures Edge Partners LLC

Lamplighter Apartments

Heritage High Apartments

Innovation Village
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Prairie Village Apartments

Prairie Springs Apartments

Wilmot Estates

Trails Head

Forte of Brookings: 50+ Community!
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

307 W Washington Ave
Watertown, SD Local Guide

How much does it cost to rent an apartment in Watertown?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Watertown Studio Apartments | $925 | $775 | $1,100 |
Watertown 1 Bedroom Apartments | $1,109 | $500 | $1,885 |
Watertown 2 Bedroom Apartments | $1,420 | $625 | $1,900 |
Watertown 3 Bedroom Apartments | $1,424 | $1,000 | $1,870 |
Watertown 4 Bedroom Apartments | $1,695 | $1,695 | $1,695 |
Browse Top Apartments in Watertown
See all Apartments in WatertownExplore Watertown
Watertown, SD Local Guide
- Nearby Cities
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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 $519. Natures Edge Partners LLC has the second lowest priced unit, which is a 1 Bed apartment currently listed from $701. Here is today’s list of the most affordable Watertown apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Beardsley Apartments | One Bedroom | 1BR,1BA | $519 |
Natures Edge Partners LLC | 1B1B MKT | 1BR,1BA | $701 |
Ashland Apartments | 2 Bedroom | 2BR,1BA | $780 |
Lake Area Townhomes | 1 Bedroom | 1BR,1BA | $820 |
Trails Head | Driftwood | Studio,1BA | $890 |
Forte of Brookings: 50+ Community! | Starling | Studio,1BA | $895 |
Cardinal Estates | 2 Bedroom 1 Bathroom | 2BR,1BA | $950 |
Generations on 1st | 1BR/1.0BA | 1BR,1BA | $995 |
The Oaks | 1 Bedroom | 1BR,1BA | $1,000 |
Forte Living of Aberdeen: 50+ Community! | Finch | 1BR,1BA | $1,030 |
Best Value Apartments for Rent in Watertown, SD and Nearby
As of May 18, 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 2BR/2.0BA Model at One & Two Willow Creek starting at $1,465 with a $1.12 price per square foot . Here is today’s list of the best values for Watertown apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Wheatgrass Village I | TH 4P/B - 1,640 | 4BR,2.5BA | $1.03 |
One & Two Willow Creek | 2BR/2.0BA | 2BR,2BA | $1.12 |
Lake Area Townhomes | 1 Bedroom | 1BR,1BA | $0.69 |
Marketplace Apartments | K | 2BR,2BA | $1.39 |
Cardinal Estates | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.06 |
Beardsley Apartments | One Bedroom | 1BR,1BA | $0.58 |
Ashland Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1.38 |
Forte Living of Aberdeen: 50+ Community! | Finch | 1BR,1BA | $1.53 |
Natures Edge Partners LLC | 1B1B MKT | 1BR,1BA | $1.52 |
Quick Rent Budget Calculator
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Best Local Schools in Watertown, SD
Watertown Intermediate School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Watertown, SD Rentals by Map
See the most popular apartments and homes in Watertown, SD
Getting Around Watertown, SD
Walk Score®
44 / 100
Car-Dependent
Most errands require a car
Bike Score®
45 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Trails Head listed at $890.
How much is rent for a Cheap One Bedroom Watertown Apartment?
The lowest price for a Cheap One Bedroom Watertown Apartment is $25 at Natures Edge Partners LLC.
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 $25 at Natures Edge Partners LLC.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.