205 Jackson Ave NW, Unit Upper Level of Home
205 Jackson Ave NW
WatertownMN55388
Cheap Apartments for Rent in Watertown, MN from $600 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in Watertown.
413 Angel Ave SW
WatertownMN55388
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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 - $1,370
Plus Fees
1 to 3 Bedroom Apartments Available Jul 1Prairie Village
800 Meadow Lake PlWaconia, MN 55387
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$1,050 - $1,425
Plus Fees
1 to 2 Bedroom Apartments Available Jun 15Solace on Lake Minnetonka
4601 Shoreline DrSpring Park, MN 55384
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Rent Specials
$1,100 - $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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$1,100 - $1,650
Plus Fees
Studio to 3 Bedroom Apartments Available NowBayview Apartments
2400 Interlachen RdSpring Park, MN 55384
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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$1,120 - $1,300
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Aug 15Shoreline Place
5000-5028 Shoreline DrMound, MN 55364
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$1,125 - $1,600
Plus Fees
1 to 2 Bedroom Apartments Available NowWinsted Fields
140-150 9th St SWinsted, MN 55395
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$1,125 - $1,450
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Now3455 Shoreline Dr
3455 Shoreline DrWayzata, MN 55391
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$1,175 - $1,560
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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$1,199 - $1,599
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Contact Us For AvailabilityLakecrest 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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$1,205 - $1,955
Total Monthly Price
1 to 2 Bedroom Apartments Available Jun 30Total Monthly Price
Base Rent
$1,205 - $1,955
Total Monthly Price
$1,205 - $1,955
Dockside Apartments & Boat Slips - Lake Minnetonka
2450 Island DrSpring Park, MN 55384
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$1,210 - $2,635
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowMinnetonka Edgewater Apartments and Boat Slips
4177 Shoreline DrSpring Park, MN 55384
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$1,295
Plus Fees
2 Bedroom Apartments Available NowShorewood Place Apartments
5540 Cr-19Shorewood, MN 55331
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$1,306 - $1,456
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,270 - $1,420
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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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$1,310
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available Jul 10Bay Pointe
840-846 3rd AveExcelsior, MN 55331
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Rent Specials
$1,364 - $2,396
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,356 - $2,388
Required Monthly Fees
$8
Total Monthly Price
$1,364 - $2,396
The Otto
601 Industrial Blvd WWaconia, MN 55387
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$1,395 - $1,895
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowHarbor District Apartments
2360 Commerce BlvdMound, MN 55364
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Rent Specials
$1,433 - $2,148
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,425 - $2,140
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Lake Jonathan Flats
3000 N Chestnut StChaska, MN 55318
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$1,460 - $2,375
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowGranite Works Apartments
35 Granite LnDelano, MN 55328
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Rent Specials
$1,480 - $2,655
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,420 - $2,595
Required Monthly Fees
$60
Total Monthly Price
$1,480 - $2,655
Fenview Flats
1600 Clover Ridge DrChaska, MN 55318
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Rent Specials
$1,518 - $4,071
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,449 - $4,002
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Rowe
7980 Rose StVictoria, MN 55386
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$1,530 - $2,075
Plus Fees
1 to 2 Bedroom Apartments Available NowHighland Shores Apartments
3100 Chestnut St NChaska, MN 55318
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Rent Specials
$1,548 - $3,827
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,468 - $3,747
Required Monthly Fees
$80
Total Monthly Price
$1,548 - $3,827
The Carver Apartments
3200 Clover Ridge drChaska, MN 55318
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Rent Specials
$1,570 - $2,914
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,421 - $2,765
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Springs at McKnight Lake
3 Oakridge DrChaska, MN 55318
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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$1,575 - $1,625
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowMorse Manor
246 Morse AveExcelsior, MN 55331
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Rent Specials
$1,603 - $6,233
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal 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
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$1,605 - $2,260
Total Monthly Price
1 to 2 Bedroom Apartments Available Jul 8Total Monthly Price
Base Rent
$1,545 - $2,200
Required Monthly Fees
$60
Total Monthly Price
$1,605 - $2,260
The Uptown Apartments
233 S Olive StWaconia, MN 55387
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$1,623 - $3,218
Total Monthly Price12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,550 - $3,145
Required Monthly Fees
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Wilford - NOW OPEN!
140 S Elm StWaconia, MN 55387
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Rent Specials
$1,658 - $3,428
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,595 - $3,365
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Olivine Apartments - Now Open!
1942 Stieger Lake LnVictoria, MN 55386
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Rent Specials
$1,683 - $3,318
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,660 - $3,295
Required Monthly Fees
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Total Monthly Price
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Juniper
4701 Kings Point RoadMinnetrista, MN 55331
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$1,703 - $2,703
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,695 - $2,695
Required Monthly Fees
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Total Monthly Price
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Victoria Flats
1699 Steiger Lake LnVictoria, MN 55386
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$1,855
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,805
Required Monthly Fees
$50
Total Monthly Price
$1,855
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
8330 Cedar St
RockfordMN55373
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 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
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2 Bedroom Apartments
Young America Apartments
326 Central Ave SNorwood Young America, MN 55397
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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
4470 Denbigh Rd
MoundMN55364
322 Creekside Dr
BuffaloMN55313
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.
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 | $1,563 | $1,020 | $1,833 |
| Watertown 1 Bedroom Apartments | $1,721 | $655 | $2,812 |
| Watertown 2 Bedroom Apartments | $2,219 | $782 | $4,063 |
| Watertown 3 Bedroom Apartments | $2,807 | $1,230 | $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 1 Bed unit found at Riverwalk Apartments in the Highland Ridge neighborhood priced from $1,100. Bayview Apartments in the Outlying Hennepin Far Western Suburbs neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here is today’s list of the most affordable Watertown apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Riverwalk Apartments | 1 bedroom 1 bath | 1BR,1BA | $1,100 |
| Bayview Apartments | Studio | Studio,1BA | $1,100 |
| Winsted Fields | C-2 ADA | 1BR,1BA | $1,125 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1,175 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,199 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1,200 |
| Minnetonka Edgewater Apartments and Boat Slips | The Wayzata | Studio,1BA | $1,210 |
| Shorewood Place Apartments | 2 Bedroom | 2BR,1BA | $1,295 |
| 3455 Shoreline Dr | 2 Bed/1 Bath | 2BR,1BA | $1,350 |
| Barbary Knoll Apartments | 1 bd + Den Balcony | 1BR,1BA | $1,386 |
Best Value Apartments for Rent in Watertown, MN and Nearby
As of June 10, 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 $1,915 with a $1.54 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 | $1.54 |
| Barbary Knoll Apartments | 2 bd Balcony | 2BR,1BA | $1.47 |
| Shorewood Place Apartments | 2 Bedroom | 2BR,1BA | $1.34 |
| Riverwalk Apartments | 2 bedroom remodel | 2BR,1BA | $1.44 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| 3455 Shoreline Dr | 2 Bed/1 Bath | 2BR,1BA | $1.69 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.64 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1.69 |
| Winsted Fields Apartments | C-2 ADA | 1BR,1BA | $1.80 |
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.
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Real 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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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 Bayview Apartments listed at $1,100.
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 $1,200 at Langdon Lake Apartments.
What is the most affordable Watertown Three Bedroom Apartment?
The best deal on a cheap Watertown Three Bedroom Apartment rental is at Springs at McKnight Lake and starts from $2,854.
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.