Watertown, SD rental market
Last updated August 29, 2025
Rental market summary
The average rent for all bedrooms and all property types in Watertown, SD is $1,150.
$1,150
+$65
$0
19
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $500 to $2,000.
| Rent price | Number of rental properties |
|---|---|
| $500 | 2 |
| $700 | 1 |
| $800 | 3 |
| $900 | 2 |
| $1,000 | 3 |
| $1,100 | 2 |
| $1,200 | 3 |
| $1,300 | 4 |
| $1,400 | 2 |
| $1,500 | 1 |
| $1,800 | 1 |
| $1,900 | 1 |
| $2,000+ | 1 |
Average rent price over time
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $750 | $950 |
| Feb | $663 | $1,175 |
| Mar | $750 | $850 |
| Apr | $767 | $1,400 |
| May | $1,034 | $1,300 |
| Jun | $1,300 | $1,400 |
| Jul | $1,200 | $1,300 |
| Aug | $1,200 | $1,095 |
| Sep | $1,150 | No data |
| Oct | $1,175 | No data |
| Nov | $975 | No data |
| Dec | $1,100 | No data |
Market temperature
The Watertown, SD rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Watertown, SD is 45% lower than the national average.
$1,150
$2,100
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Frequently asked questions
1. What is the average rent in Watertown, SD?
The average rent in Watertown, SD is $1,150.
2. How much does it cost to rent a house in Watertown, SD?
Houses in Watertown, SD rent between $500 - $2,000 with an average rent of $1,150.
3. How has the rent in Watertown, SD changed in the last year?
In the last year, the rent in Watertown, SD did not change.
4. How much has the rent in Watertown, SD increased/decreased in the last month?
In the last month, the rent in Watertown, SD increased by $65
5. How many available rentals are there in Watertown, SD?
There are currently 19 rentals available in Watertown, SD.
6. How do rent prices in Watertown, SD compare with the national average?
The average rent in Watertown, SD is $1,150 — 45.24% lower the national average of $2,100.