Rent Tracker
Rent Inflation in Watertown, NY
The average asking rent in Watertown, NY is $1,504/month as of 2026-08. That is +7% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,504/mo
as of 2026-08
Year-over-Year Change
+7%
24-Month Rent Trend
Monthly ZORI index values for Watertown, NY.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,504 | -0.92% |
| 2026-07 | $1,518 | +3.20% |
| 2026-06 | $1,471 | -0.61% |
| 2026-05 | $1,480 | +0.68% |
| 2026-04 | $1,470 | -0.14% |
| 2026-03 | $1,472 | +1.94% |
| 2026-02 | $1,444 | +0.63% |
| 2026-01 | $1,435 | +0.70% |
| 2025-12 | $1,425 | -0.84% |
| 2025-11 | $1,437 | +1.48% |
| 2025-10 | $1,416 | +0.57% |
| 2025-09 | $1,408 | +0.21% |
| 2025-08 | $1,405 | +0.79% |
| 2025-07 | $1,394 | +0.94% |
| 2025-06 | $1,381 | +1.17% |
| 2025-05 | $1,365 | -0.58% |
| 2025-04 | $1,373 | +0.22% |
| 2025-03 | $1,370 | +1.71% |
| 2025-02 | $1,347 | +0.97% |
| 2025-01 | $1,334 | -0.60% |
| 2024-12 | $1,342 | -1.32% |
| 2024-11 | $1,360 | +0.82% |
| 2024-10 | $1,349 | +0.15% |
| 2024-09 | $1,347 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
Compare All Cities
Open Full Rent Tracker →Other Cities
Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices