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$1,500
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available May 1Total Monthly Price
Base Rent
$1,500
Total Monthly Price
$1,500
303 Angel Ave SW, Unit 2, Unit 2
303 Angel Ave SWWatertown, MN 55388
Cheap Apartments for Rent in Watertown, MN from $600 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in Watertown.
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2 to 3 Bedroom Apartments
Water's Edge Townhomes
806 County Road 24Watertown, MN 55388
604 White St SW
WatertownMN55388
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$655 - $1,820
Plus Fees
Studio to 3 Bedroom Apartments Available NowClover Field Marketplace
2915 Clover Ridge DrChaska, MN 55318
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$675 - $875
Plus Fees12 Month Lease Term
1 Bedroom Apartments Contact Us For AvailabilityHoward Lake Apartments
1208 7th StHoward Lake, MN 55349
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$990
Plus Fees
1 Bedroom Apartments Contact Us For AvailabilityPrairie Village
800 Meadow Lake PlWaconia, MN 55387
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$1,050 - $1,425
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilitySolace on Lake Minnetonka
4601 Shoreline DrSpring Park, MN 55384
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Rent Specials
$1,055
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowYoung America Apartments
326 Central Ave SNorwood Young America, MN 55397
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$1,055 - $1,105
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available May 10Bay Pointe Apartments
840-846 3rd AveExcelsior, MN 55331
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$1,059 - $1,200
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowShoreline Place
5000-5028 Shoreline DrMound, MN 55364
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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$1,080 - $1,510
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowChristmas Lake Manor Apartments
834-836 3rd AveExcelsior, MN 55331
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$1,100 - $1,500
Plus Fees
Studio to 3 Bedroom Apartments Available Apr 30Bayview Apartments
2400 Interlachen RdSpring Park, MN 55384
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Rent Specials
$1,120 - $1,855
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,120 - $1,855
Total Monthly Price
$1,120 - $1,855
Dockside Apartments on Lake Minnetonka
2450 Island DrSpring Park, MN 55384
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$1,125 - $1,600
Plus Fees
1 to 2 Bedroom Apartments Available NowWinsted Fields Apartments
140-150 9th St SWinsted, MN 55395
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$1,129 - $1,389
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowRiverwalk Apartments
405-407 River St SDelano, MN 55328
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$1,199 - $1,599
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowLakecrest Village
5600 Grandview BlvdMound, MN 55364
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$1,200 - $1,300
Plus Fees
1 to 2 Bedroom Apartments Available NowLangdon Lake Apartments
2479-2501 Commerce BlvdMound, MN 55364
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$1,295 - $1,475
Plus Fees
1 to 2 Bedroom Apartments Available NowShorewood Place Apartments
5540 Cr-19Shorewood, MN 55331
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Rent Specials
$1,307 - $2,396
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,299 - $2,388
Required Monthly Fees
$8
Total Monthly Price
$1,307 - $2,396
The Otto
601 Industrial Blvd WWaconia, MN 55387
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$1,386 - $1,431
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,350 - $1,395
Required Monthly Fees
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Barbary Knoll Apartments
1596 Millpond CtChaska, MN 55318
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.
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$1,425 - $1,825
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowHarbor District Apartments
2360 Commerce BlvdMound, MN 55364
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$1,431 - $2,636
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,415 - $2,620
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Lake Jonathan Flats
3000 N Chestnut StChaska, MN 55318
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$1,444 - $2,260
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,384 - $2,200
Required Monthly Fees
$60
Total Monthly Price
$1,444 - $2,260
The Uptown Apartments
233 S Olive StWaconia, MN 55387
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Rent Specials
$1,480 - $2,715
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,420 - $2,655
Required Monthly Fees
$60
Total Monthly Price
$1,480 - $2,715
Fenview Flats
1600 Clover Ridge DrChaska, MN 55318
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$1,563 - $3,473
Total Monthly Price12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,490 - $3,400
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Wilford
140 S Elm StWaconia, MN 55387
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$1,564 - $3,669
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,495 - $3,600
Required Monthly Fees
Varies
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Rowe
7980 Rose StVictoria, MN 55386
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$1,572 - $4,323
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,492 - $4,243
Required Monthly Fees
$80
Total Monthly Price
$1,572 - $4,323
The Carver Apartments
3200 Clover Ridge drChaska, MN 55318
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$1,595 - $2,200
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowMorse Manor
246 Morse AveExcelsior, MN 55331
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$1,603 - $2,603
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,595 - $2,595
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Victoria Flats
1699 Steiger Lake LnVictoria, MN 55386
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$1,603 - $6,233
Total Monthly Price
1 to 3 Bedroom Apartments Available May 5Total Monthly Price
Base Rent
$1,588 - $6,218
Required Monthly Fees
$15
Total Monthly Price
$1,603 - $6,233
Carrick Apartments and Townhomes
5603 Manitou RdTonka Bay, MN 55331
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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$1,625 - $1,875
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Jun 30Granite Works 1 Apartments
35 Granite LnDelano, MN 55328
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$1,647 - $3,225
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,498 - $3,076
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Springs at McKnight Lake
3 Oakridge DrChaska, MN 55318
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$1,650 - $1,950
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowMinnetonka Edgewater
4177 Shoreline DrSpring Park, MN 55384
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$1,658 - $3,548
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,595 - $3,485
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Olivine Apartments - Now Open!
2000 Stieger Lake LnVictoria, MN 55386
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$1,807 - $3,289
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,792 - $3,274
Required Monthly Fees
$15
Total Monthly Price
$1,807 - $3,289
Juniper
4701 Kings Point RoadMinnetrista, MN 55331
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$1,855 - $2,355
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,805 - $2,305
Required Monthly Fees
$50
Total Monthly Price
$1,855 - $2,355
AbleLight Village
1519 82nd StVictoria, MN 55386
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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
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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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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1 to 2 Bedroom Apartments
Greenwood Manor
5205 Greenwood CirExcelsior, MN 55331
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2 Bedroom Apartments
Trailside Townhomes
112 Poplar Ridge DrNorwood Young America, MN 55397
56 E 13th St
WaconiaMN55387
911 2nd Ave S
BuffaloMN55313
64 E 13th St
WaconiaMN55387
8627-8635 Woodlawn Dr
RockfordMN55373
1411 2nd Ave S
BuffaloMN55313
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,566 | $1,020 | $1,833 |
| Watertown 1 Bedroom Apartments | $1,747 | $655 | $2,812 |
| Watertown 2 Bedroom Apartments | $2,215 | $782 | $4,014 |
| Watertown 3 Bedroom Apartments | $2,900 | $1,350 | $6,233 |
| Watertown 4 Bedroom Apartments | $2,999 | $2,999 | $2,999 |
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 Young America Apartments in the Scott Far Western Suburbs neighborhood priced from $1,055. Shoreline Place in the Outlying Hennepin Far Western Suburbs neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,059. Here is today’s list of the most affordable Watertown apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Young America Apartments | 2 bedrooms | 2BR,1BA | $1,055 |
| Shoreline Place | 2 bed / 1 ba | 2BR,1BA | $1,059 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1,080 |
| Dockside Apartments on Lake Minnetonka | The Marina | 1BR,1BA | $1,120 |
| Winsted Fields Apartments | C-2 ADA | 1BR,1BA | $1,125 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,199 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1,200 |
| Shorewood Place Apartments | 1 Bedroom | 1BR,1BA | $1,295 |
| Riverwalk Apartments | 2 bedroom remodel | 2BR,1BA | $1,299 |
| Barbary Knoll Apartments | 1 bd + Den Balcony | 1BR,1BA | $1,386 |
Best Value Apartments for Rent in Watertown, MN and Nearby
As of April 21, 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 Floorplan A Model at Highland Shores Apartments starting at $1,925 with a $1.55 price per square foot in the The Preserve 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 |
| Highland Shores Apartments | Floorplan A | 2BR,2BA | $1.55 |
| Barbary Knoll Apartments | 1 bd + Den Balcony | 1BR,1BA | $1.43 |
| Riverwalk Apartments | 2 bedroom remodel | 2BR,1BA | $1.44 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Young America Apartments | 2 bedrooms | 2BR,1BA | $1.41 |
| Shoreline Place | 2 bed / 1 ba (updated) | 2BR,1BA | $1.60 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.64 |
| Dockside Apartments on Lake Minnetonka | The Marina | 1BR,1BA | $1.60 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1.55 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleQuick 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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Best Local Schools in Watertown, MN
Watertown-Mayer Elementary School
Watertown-Mayer Public School Dist.
Public School - Grades K-5 (528)
9 out of 10
Watertown-Mayer Middle
Watertown-Mayer Public School Dist.
Public School - Grades K-8 (460)
8 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 Lake Jonathan Flats listed at $1,431.
How much is rent for a Cheap One Bedroom Watertown Apartment?
The lowest price for a Cheap One Bedroom Watertown Apartment is $1,080 at Christmas Lake Manor 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 $1,055 at Young America Apartments.
What is the most affordable Watertown Three Bedroom Apartment?
The best deal on a cheap Watertown Three Bedroom Apartment rental is at Fenview Flats and starts from $2,455.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.