Cheap Apartments for Rent in Watertown, SD from $400 (20 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
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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
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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

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 Natures Edge Partners LLC priced from $25. Beardsley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $482. Here is today’s list of the most affordable Watertown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Natures Edge Partners LLC1B1B MKT1BR,1BA$25
Beardsley ApartmentsOne Bedroom1BR,1BA$482
806 W 5th StStudioStudio,1BA$525
Aberdeen Communities1 BED 1BATH1BR,1BA$795
Lake Area Townhomes1 Bedroom1BR,1BA$810

Best Value Apartments for Rent in Watertown, SD and Nearby

As of February 17, 2025 the best value apartment in the Watertown area is the $1.00 price per square foot 2 Bedroom Model at Lake Area Townhomes in the starting from $1,240. The second greatest value Watertown apartment is the 1234 E Kemp Ave Model at 1234 E Kemp Ave, Unit C starting at $1,200 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.
Lake Area Townhomes2 Bedroom2BR,2.5BA$1.00
1234 E Kemp Ave, Unit C1234 E Kemp Ave3BR,1BA$1.00
One & Two Willow Creek2BR/2.0BA2BR,2BA$1.25
Wilkeshire Apartments1 Bed 1 Bath1BR,1BA$0.92
Prairie Springs ApartmentsPrairie Springs 1 - 2 bed 1 bath2BR,1BA$1.15
The Oaks2 Bedroom2BR,2BA$1.37
Beardsley ApartmentsOne Bedroom1BR,1BA$0.54
Wheatgrass Village1 Bed/ 1 Bath1BR,1BA$1.27
Prairie Village ApartmentsPrairie Village 2 - 1 Bed - 1 Bath1BR,1BA$1.36
Natures Edge Partners LLC1B1B MKT1BR,1BA$0.05

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Remember the 3 Rules of Real Estate:
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 $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 $900 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 Wheatgrass Village and starts from $1,120.

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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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.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.