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2 to 3 Bedroom Apartments
Water's Edge Townhomes
806 County Road 24Watertown, MN 55388
Cheap Apartments for Rent in Watertown, MN from $655 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in Watertown.
303 Angel Ave SW
WatertownMN55388
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$655 - $1,820Studio to 3 Bedroom Apartments Available Now
Plus Fees
Clover Field Marketplace
2915 Clover Ridge DrChaska, MN 55318
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$675 - $8751 to 2 Bedroom Apartments Available Now
Plus Fees12 Month Lease Term
Howard Lake Apartments
1208 7th StHoward Lake, MN 55349
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Rent Specials
$1,0552 Bedroom Apartments Available Now
Plus Fees12 Month Lease Term
Young America Apartments
404 Central Ave SNorwood Young America, MN 55397
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$1,061 - $1,471
Total Monthly Price
Base Rent$1,050 - $1,460
Required Monthly Fees$11
Total Monthly Price$1,061 - $1,471
Solace on Lake Minnetonka
4601 Shoreline DrSpring Park, MN 55384
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Rent Specials
$1,075 - $1,6101 to 2 Bedroom Apartments Available Now
Plus Fees12 Month Lease Term
Christmas Lake Manor Apartments
834-836 3rd AveExcelsior, MN 55331
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$1,100 - $2,700Studio to 3 Bedroom Apartments Available Now
Plus Fees
Bayview Apartments
2400 Interlachen RdSpring Park, MN 55384
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$1,100 - $1,3891 to 2 Bedroom Apartments Available Now
Plus Fees12 Month Lease Term
Riverwalk Apartments
405-407 River St SDelano, MN 55328
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$1,1051 Bedroom Apartments Contact Us For Availability
Plus Fees12 Month Lease Term
Bay Pointe Apartments
840-846 3rd AveExcelsior, MN 55331
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,120 - $1,3001 to 2 Bedroom Apartments Contact Us For Availability
Plus Fees12 Month Lease Term
Shoreline Place
5000-5028 Shoreline DrMound, MN 55364
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$1,190 - $2,655Studio to 2 Bedroom Apartments Available Now
Plus Fees12 Month Lease Term
Minnetonka Edgewater Apartments and Boat Slips
4177 Shoreline DrSpring Park, MN 55384
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$1,199 - $1,5991 to 2 Bedroom Apartments Available Now
Plus Fees12 Month Lease Term
Lakecrest Village
5600 Grandview BlvdMound, MN 55364
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$1,200 - $1,3001 to 2 Bedroom Apartments Available Now
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Langdon Lake Apartments
2479-2501 Commerce BlvdMound, MN 55364
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$1,215 - $2,005
Total Monthly Price
Base Rent$1,215 - $2,005
Total Monthly Price$1,215 - $2,005
Dockside Apartments & Boat Slips - Lake Minnetonka
2450 Island DrSpring Park, MN 55384
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$1,230 - $1,3703 Bedroom Apartments Available Now
Plus Fees
Prairie Village
800 Meadow Lake PlWaconia, MN 55387
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$1,2952 Bedroom Apartments Contact Us For Availability
Plus Fees
Shorewood Place Apartments
5540 Cr-19Shorewood, MN 55331
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Rent Specials
$1,361 - $1,516
Total Monthly Price
Base Rent$1,325 - $1,480
Required Monthly FeesVaries
Total Monthly PriceVaries
Barbary Knoll Apartments
1596 Millpond CtChaska, MN 55318
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$1,395 - $1,4251 Bedroom Apartments Available Now
Plus Fees12 Month Lease Term
Harbor District Apartments
2360 Commerce BlvdMound, MN 55364
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$1,420 - $2,455
Total Monthly Price
Base Rent$1,420 - $2,455
Total Monthly Price$1,420 - $2,455
Fenview Flats
1600 Clover Ridge DrChaska, MN 55318
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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$1,425 - $1,6002 Bedroom Apartments Available Now
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Winsted Fields Apartments
140-150 9th St SWinsted, MN 55395
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Rent Specials
$1,442 - $2,388
Total Monthly Price
Base Rent$1,434 - $2,380
Required Monthly Fees$8
Total Monthly Price$1,442 - $2,388
The Uptown Apartments
233 S Olive StWaconia, MN 55387
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$1,450 - $4,271
Total Monthly Price
Base Rent$1,450 - $4,271
Total Monthly PriceVaries
The Carver Apartments
3200 Clover Ridge drChaska, MN 55318
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$1,508 - $2,203
Total Monthly Price
Base Rent$1,500 - $2,195
Required Monthly FeesVaries
Total Monthly PriceVaries
Lake Jonathan Flats
3000 N Chestnut StChaska, MN 55318
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$1,515 - $2,844
Total Monthly Price
Base Rent$1,366 - $2,695
Required Monthly FeesVaries
Total Monthly PriceVaries
Springs at McKnight Lake
3 Oakridge DrChaska, MN 55318
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Rent Specials
$1,543 - $4,021
Total Monthly Price
Base Rent$1,474 - $3,952
Required Monthly FeesVaries
Total Monthly PriceVaries
Rowe
7980 Rose StVictoria, MN 55386
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Rent Specials
$1,558 - $2,788
Total Monthly Price
Base Rent$1,495 - $2,725
Required Monthly FeesVaries
Total Monthly PriceVaries
Olivine Apartments - Now Open!
1942 Stieger Lake LnVictoria, MN 55386
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Rent Specials
$1,580 - $2,1151 to 2 Bedroom Apartments Available Now
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Highland Shores Apartments
3100 Chestnut St NChaska, MN 55318
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Rent Specials
$1,583 - $2,393
Total Monthly Price
Base Rent$1,575 - $2,385
Required Monthly Fees$8
Total Monthly Price$1,583 - $2,393
The Otto
601 Industrial Blvd WWaconia, MN 55387
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$1,595 - $1,7501 Bedroom Apartments Available Now
Plus Fees12 Month Lease Term
Morse Manor
246 Morse AveExcelsior, MN 55331
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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$1,639 - $2,503
Total Monthly Price
Base Rent$1,631 - $2,495
Required Monthly FeesVaries
Total Monthly PriceVaries
Victoria Flats
1699 Steiger Lake LnVictoria, MN 55386
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$1,703 - $3,890
Total Monthly Price
Base Rent$1,680 - $3,867
Required Monthly FeesVaries
Total Monthly PriceVaries
Juniper
4701 Kings Point RoadMinnetrista, MN 55331
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$1,727 - $2,077
Total Monthly Price
Base Rent$1,645 - $1,995
Required Monthly Fees$82
Total Monthly Price$1,727 - $2,077
Excelsior Shores
322 Lake StExcelsior, MN 55331
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$1,848 - $3,273
Total Monthly Price
Base Rent$1,775 - $3,200
Required Monthly FeesVaries
Total Monthly PriceVaries
Wilford - NOW OPEN!
140 S Elm StWaconia, MN 55387
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$1,863
Total Monthly Price
Base Rent$1,805
Required Monthly FeesVaries
Total Monthly PriceVaries
AbleLight Village
1519 82nd StVictoria, MN 55386
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$1,898 - $4,231
Total Monthly Price
Base Rent$1,875 - $4,208
Required Monthly FeesVaries
Total Monthly PriceVaries
Carrick North Building
5603 Manitou RdTonka Bay, MN 55331
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1 to 2 Bedroom Apartments
Linden Wood Apartments
215 Linden Ave WWinsted, MN 55395
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1 to 2 Bedroom Apartments
Bryant Wood Apartments
5225 Bryantwood DrMaple Plain, MN 55359
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Studio to 2 Bedroom Apartments
9080 County Road 50
9080 County Road 50Rockford, MN 55373
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2 to 3 Bedroom Apartments
Deer Run Apartments
650 Shoreline DrHoward Lake, MN 55349
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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1 to 2 Bedroom Apartments
3455 Shoreline Dr
3455 Shoreline DrWayzata, MN 55391
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1 to 3 Bedroom Apartments
Vista Ridge
861 Vista BlvdWaconia, MN 55387
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1 to 3 Bedroom Apartments
Water's Edge Townhomes
218 Waters Edge DrChaska, MN 55318
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2 to 3 Bedroom Apartments
Interlaken Place
925 Airport RdWaconia, MN 55387
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2 Bedroom Apartments
Trailside Townhomes
112 Poplar Ridge DrNorwood Young America, MN 55397
8551 Elm St
RockfordMN55373
2991 Village Ln
ChanhassenMN55317
757 Rockford Ave E
DelanoMN55328
116 Rockford Ave E
DelanoMN55328
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2 Bedroom Apartments
32 E Lake St
32 E Lake StWaconia, MN 55387
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Showing Results 1-50, Page 1 of 2
Watertown, MN Local Guide
Snow Geese Migrating by USFWS Midwest Region is licensed under CC BY 2.0
How much does it cost to rent an apartment in Watertown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Watertown Studio Apartments | $1,573 | $1,020 | $1,950 |
| Watertown 1 Bedroom Apartments | $1,740 | $655 | $2,995 |
| Watertown 2 Bedroom Apartments | $2,312 | $782 | $8,750 |
| Watertown 3 Bedroom Apartments | $2,648 | $1,230 | $4,231 |
| Watertown 4 Bedroom Apartments | $3,249 | $3,249 | $3,249 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Watertown
See all Apartments in WatertownExplore Watertown
Watertown, MN Local Guide
- Nearby Cities
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Cheapest Available Watertown Apartments for Rent and Nearby
The cheapest available apartment rental in Watertown, MN is a 2 Beds unit found at Howard Lake Apartments in the Wright Far Western Suburbs neighborhood priced from $795. Young America Apartments in the Scott Far Western Suburbs neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,055. Here is today’s list of the most affordable Watertown apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Howard Lake Apartments | 2 Bed | 2BR,1BA | $795 |
| Young America Apartments | 2 bedrooms | 2BR,1BA | $1,055 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1,075 |
| Riverwalk Apartments | 1 bedroom 1 bath | 1BR,1BA | $1,100 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,199 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1,200 |
| Dockside Apartments & Boat Slips - Lake Minnetonka | The Marina | 1BR,1BA | $1,220 |
| Prairie Village | Prairie Village 3 Bedroom | 3BR,2BA | $1,230 |
| Minnetonka Edgewater Apartments and Boat Slips | The Shoreline | 1BR,1BA | $1,295 |
| Solace on Lake Minnetonka | St. Louis | 1BR,1BA | $1,311 |
Best Value Apartments for Rent in Watertown, MN and Nearby
As of September 09, 2026 the best value apartment in the Watertown area is the $1.00 price per square foot 2 Bedroom, Market Rate, Floorplan B Model at Clover Field Marketplace in the in the Highland Shores neighborhood starting from $1,520. The second greatest value Watertown apartment is the 2BR Model at Bayview Apartments starting at $1,550 with a $1.39 price per square foot in the Outlying Hennepin Far Western Suburbs neighborhood. 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. |
|---|---|---|---|
| Clover Field Marketplace | 2 Bedroom, Market Rate, Floorplan B | 2BR,1BA | $1.00 |
| Bayview Apartments | 2BR | 2BR,2BA | $1.39 |
| Prairie Village | Prairie Village 3 Bedroom | 3BR,2BA | $1.25 |
| Barbary Knoll Apartments | 1 bd + Den Balcony | 1BR,1BA | $1.49 |
| Christmas Lake Manor Apartments | Two Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.35 |
| Riverwalk Apartments | 2 bedroom remodel | 2BR,1BA | $1.44 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Howard Lake Apartments | 2 Bed | 2BR,1BA | $0.95 |
| Young America Apartments | 2 bedrooms | 2BR,1BA | $1.41 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.64 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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If you’re an expert on all things Watertown, tell us what you love (and don't) by rating it and writing a review.
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Best Local Schools in Watertown, MN
Watertown-Mayer Elementary School
Watertown-Mayer Public School Dist.
Public School - Grades K-5 (482)
9 out of 10
Watertown Mayer High School
Watertown-Mayer Public School Dist.
Public School - Grades 9-12 (516)
8 out of 10
Watertown-Mayer Middle School
Watertown-Mayer Public School Dist.
Public School - Grades K-8 (418)
9 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Watertown, MN Rentals by Map
See the most popular apartments and homes in Watertown, MN
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 Olivine Apartments - Now Open! listed at $1,558.
How much is rent for a Cheap One Bedroom Watertown Apartment?
The lowest price for a Cheap One Bedroom Watertown Apartment is $1,100 at Riverwalk Apartments.
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 $795 at Howard Lake Apartments.
What is the most affordable Watertown Three Bedroom Apartment?
The best deal on a cheap Watertown Three Bedroom Apartment rental is at Prairie Village and starts from $1,230.
Expert Rental Resources
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.