Cheap Apartments for Rent in Watertown, MN from $600 (55 Rentals)

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Water's Edge Townhomes
2 to 3 Bedroom Apartments

Water's Edge Townhomes

806 County Road 24Watertown, MN 55388
  • Utilities Included
property at 604 White St SW

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

604 White St SW

WatertownMN55388

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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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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Lake Jonathan Flats
Rent Specials
$1,413 - $2,158
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,405 - $2,150
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Lake Jonathan Flats

3000 N Chestnut StChaska, MN 55318
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Fenview Flats
Rent Specials
$1,420 - $2,595
Total Monthly Price

Total Monthly Price

Base Rent
$1,420 - $2,595
Total Monthly Price
$1,420 - $2,595
1 to 3 Bedroom Apartments Available Now

Fenview Flats

1600 Clover Ridge DrChaska, MN 55318
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Springs at McKnight Lake
Rent Specials
$1,501 - $2,915
Total Monthly Price

Total Monthly Price

Base Rent
$1,352 - $2,766
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Springs at McKnight Lake

3 Oakridge DrChaska, MN 55318
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Rowe
Rent Specials
$1,518 - $4,071
Total Monthly Price

Total Monthly Price

Base Rent
$1,449 - $4,002
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Rowe

7980 Rose StVictoria, MN 55386
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Juniper
Rent Specials
$1,568 - $3,890
Total Monthly Price

Total Monthly Price

Base Rent
$1,545 - $3,867
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Juniper

4701 Kings Point RoadMinnetrista, MN 55331
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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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Victoria Flats
$1,639 - $2,703
Total Monthly Price

Total Monthly Price

Base Rent
$1,631 - $2,695
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Victoria Flats

1699 Steiger Lake LnVictoria, MN 55386
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The Otto
Rent Specials
$1,655 - $2,393
Total Monthly Price

Total Monthly Price

Base Rent
$1,647 - $2,385
Required Monthly Fees
$8
Total Monthly Price
$1,655 - $2,393
1 to 3 Bedroom Apartments Available Now

The Otto

601 Industrial Blvd WWaconia, MN 55387
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Excelsior Shores
$1,727 - $2,151
Total Monthly Price

Total Monthly Price

Base Rent
$1,645 - $2,069
Required Monthly Fees
$82
Total Monthly Price
$1,727 - $2,151
Studio to 1 Bedroom Apartments Available Aug 10

Excelsior Shores

322 Lake StExcelsior, MN 55331
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Wilford - NOW OPEN!
$1,778 - $3,218
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,705 - $3,145
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Wilford - NOW OPEN!

140 S Elm StWaconia, MN 55387
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AbleLight Village
$1,863
Total Monthly Price

Total Monthly Price

Base Rent
$1,805
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

AbleLight Village

1519 82nd StVictoria, MN 55386
Senior Living
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The Stax of Long Lake
Rent Specials
$1,983 - $2,903
Total Monthly Price

Total Monthly Price

Base Rent
$1,975 - $2,895
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Stax of Long Lake

455 Virginia AveLong Lake, MN 55356
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Linden Wood Apartments
1 to 2 Bedroom Apartments

Linden Wood Apartments

215 Linden Ave WWinsted, MN 55395
Senior Living
  • Utilities Included
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Bryant Wood Apartments
1 to 2 Bedroom Apartments

Bryant Wood Apartments

5225 Bryantwood DrMaple Plain, MN 55359
  • Utilities Included

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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9080 County Road 50
Studio to 2 Bedroom Apartments

9080 County Road 50

9080 County Road 50Rockford, MN 55373
  • Utilities Included
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Deer Run Apartments
2 to 3 Bedroom Apartments

Deer Run Apartments

650 Shoreline DrHoward Lake, MN 55349
  • Utilities Included
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Young America Apartments
2 Bedroom Apartments

Young America Apartments

326 Central Ave SNorwood Young America, MN 55397
  • Utilities Included
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Vista Ridge
1 to 3 Bedroom Apartments

Vista Ridge

861 Vista BlvdWaconia, MN 55387
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Water's Edge Townhomes
1 to 3 Bedroom Apartments

Water's Edge Townhomes

218 Waters Edge DrChaska, MN 55318
  • Utilities Included
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Interlaken Place
2 to 3 Bedroom Apartments

Interlaken Place

925 Airport RdWaconia, MN 55387
  • Utilities Included
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Greenwood Manor
1 to 2 Bedroom Apartments

Greenwood Manor

5205 Greenwood CirExcelsior, MN 55331
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Trailside Townhomes
2 Bedroom Apartments

Trailside Townhomes

112 Poplar Ridge DrNorwood Young America, MN 55397
property at 602 E 1st St

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595
Total Monthly Price
$1,595

2 Bedroom, 1 Bath Townhome for Rent

Available Now

602 E 1st St

WaconiaMN55387
property at 8551 Elm St

$1,675

Total Monthly Price

Total Monthly Price

Base Rent
$1,675
Total Monthly Price
$1,675

3 Bedroom, 1.5 Bath Home for Rent

Available Sep 10

8551 Elm St

RockfordMN55373

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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Watertown, MN Local Guide

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. Christmas Lake Manor Apartments in the Pinehurst neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,075. Here is today’s list of the most affordable Watertown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Howard Lake Apartments2 Bed2BR,1BA$795
Christmas Lake Manor ApartmentsOne Bathroom/ One Bedroom1BR,1BA$1,075
Riverwalk Apartments1 bedroom 1 bath1BR,1BA$1,100
Lakecrest Village1 Bedroom 1 Bathroom1BR,1BA$1,199
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1,200
Minnetonka Edgewater Apartments and Boat SlipsThe Shoreline1BR,1BA$1,295
Solace on Lake MinnetonkaSt. Louis1BR,1BA$1,300
Bay Pointe Apartments2 BR 1 BA - 1st floor2BR,1BA$1,310
3455 Shoreline Dr2 Bed/1 Bath2BR,1BA$1,350
Barbary Knoll Apartments1 bd + Den Balcony1BR,1BA$1,386

Best Value Apartments for Rent in Watertown, MN and Nearby

As of July 26, 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 1 bd + Den Balcony Model at Barbary Knoll Apartments starting at $1,386 with a $1.43 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Clover Field Marketplace2 Bedroom, Market Rate, Floorplan B2BR,1BA$1.00
Barbary Knoll Apartments1 bd + Den Balcony1BR,1BA$1.43
Winsted Fields ApartmentsB-12BR,2BA$1.71
Riverwalk Apartments2 bedroom remodel2BR,1BA$1.44
Langdon Lake Apartments1 BR/1 BA1BR,1BA$1.36
Bay Pointe Apartments2 BR 1 BA - 1st floor2BR,1BA$1.52
Howard Lake Apartments2 Bed2BR,1BA$0.95
3455 Shoreline Dr2 Bed/1 Bath2BR,1BA$1.69
Lakecrest Village1 Bedroom 1 Bathroom1BR,1BA$1.64
Christmas Lake Manor ApartmentsOne Bathroom/ One Bedroom1BR,1BA$1.54

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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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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Best Local Schools in
Watertown, MN

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Watertown, MN Rentals by Map

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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 Springs at McKnight Lake listed at $1,501.

How much is rent for a Cheap One Bedroom Watertown Apartment?

The lowest price for a Cheap One Bedroom Watertown Apartment is $1,075 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 $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 The Otto and starts from $2,287.

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

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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.