Rent by ZIP · Codington County
Rent in Watertown, SD 57201
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,230 (+13.9% vs FY2026). Renters in this ZIP code pay a median $941 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $870 | $740 | +17.6% | $783–957 | $493 ±$309 |
| 1 bedroom | $940 | $820 | +14.6% | $846–1,034 | $671 ±$94 |
| 2 bedrooms | $1,230 | $1,080 | +13.9% | $1,107–1,353 | $986 ±$62 |
| 3 bedrooms | $1,500 | $1,320 | +13.6% | $1,350–1,650 | $1,086 ±$69 |
| 4 bedrooms | $1,710 | $1,600 | +6.9% | $1,539–1,881 | $1,289 ±$467 |
Small Area FMRs for the Codington County, SD. This ZIP code is in more than one HUD area; figures are for the main one. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Codington County, SD, 2 bedrooms: $1,233.
What renters pay in 57201
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 57212 | Arlington | $1,060 | $595 |
| 57213 | Astoria | $1,010 | – |
| 57214 | Badger | $1,100 | – |
| 57216 | Big Stone City | $1,080 | $770 |
| 57217 | Bradley | $1,010 | – |
| 57218 | Brandt | $1,260 | $729 |
Fair Market Rents across Codington County, SD · All SD counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.