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Cheap Apartments for Rent in Watertown, MN from $600 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Watertown.
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from $6751 to 2 Bedroom Apartments Available Now
Howard Lake Apartments
1208 7th StHoward Lake, MN 55349
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Rent Specials
from $9701 to 3 Bedroom Apartments Available Jul 1
Prairie Village
800 Meadow Lake PlWaconia, MN 55387
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from $1,000Studio to 3 Bedroom Apartments Available Now
Bayview Apartments
2400 Interlachen RdSpring Park, MN 55384
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from $1,020Studio to 3 Bedroom Apartments Available Now
Clover Field Marketplace
2915 Clover Ridge DrChaska, MN 55318
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from $1,080Studio to 2 Bedroom Apartments Available Now
Christmas Lake Manor Apartments
834-836 3rd AveExcelsior, 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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Rent Specials
from $1,0951 to 2 Bedroom Apartments Available Now
Dockside Apartments on Lake Minnetonka
2450 Island DrSpring Park, MN 55384
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from $1,1491 to 2 Bedroom Apartments Available Now
Riverwalk Apartments
405-407 River St SDelano, MN 55328
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from $1,1751 Bedroom Apartments Contact Us For Availability
Water's Edge Townhomes
218 Waters Edge DrChaska, MN 55318
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from $1,190Studio to 2 Bedroom Apartments Available Now
Granite Works Apartments
35 Granite LnDelano, MN 55328
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from $1,2002 Bedroom Apartments Available Now
Langdon Lake Apartments
2479-2501 Commerce BlvdMound, MN 55364
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from $1,2501 Bedroom Apartments Available Now
Minnetonka Edgewater
4177 Shoreline DrSpring Park, MN 55384
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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from $1,2901 Bedroom Apartments Available Now
Bay Pointe Apartments
840-846 3rd AveExcelsior, MN 55331
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Rent Specials
from $1,2991 to 2 Bedroom Apartments Available Now
Lakecrest Apartments
5600 Grandview BlvdMound, MN 55364
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from $1,3102 Bedroom Apartments Available Jul 1
Barbary Knoll Apartments
1596 Millpond CtChaska, MN 55318
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from $1,3252 Bedroom Apartments Contact Us For Availability
Shorewood Place Apartments
5540 Cr-19Shorewood, MN 55331
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.
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from $1,385Studio to 2 Bedroom Apartments Available Now
Lake Jonathan Flats
3000 N Chestnut StChaska, MN 55318
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from $1,3951 Bedroom Apartments Available Nov 1
Harbor District Apartments
2360 Commerce BlvdMound, MN 55364
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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.
305.5 Central Ave
BuffaloMN55313
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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 | $1,312 | $1,000 | $1,520 |
| Watertown 1 Bedroom Apartments | $1,729 | $675 | $2,797 |
| Watertown 2 Bedroom Apartments | $2,476 | $795 | $7,500 |
| Watertown 3 Bedroom Apartments | $3,173 | $1,180 | $9,395 |
| Watertown 4 Bedroom Apartments | $2,974 | $2,400 | $3,350 |
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 Howard Lake Apartments in the Wright Far Western Suburbs neighborhood priced from $675. Dockside Apartments on Lake Minnetonka in the Outlying Hennepin Far Western Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here is today’s list of the most affordable Watertown apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Howard Lake Apartments | One Bedroom | 1BR,1BA | $675 |
| Dockside Apartments on Lake Minnetonka | The Marina | 1BR,1BA | $1,095 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1,200 |
| Christmas Lake Manor Apartments | Two Bedroom/ One Bathroom | 2BR,1BA | $1,200 |
| Minnetonka Edgewater | One Bedroom, One Bathroom | 1BR,1BA | $1,250 |
| Bay Pointe Apartments | 1 BR 1BA - Upgraded | 1BR,1BA | $1,290 |
| Lakecrest Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,299 |
| Shoreline Place | 2 bedroom / 1 bath | 2BR,1BA | $1,300 |
| Lake Jonathan Flats | Admiral | Studio,1BA | $1,385 |
| The Uptown Apartments | 1.1 | 1BR,1BA | $1,414 |
Best Value Apartments for Rent in Watertown, MN and Nearby
As of June 19, 2025 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 One Bedroom B Model at Greenwood Manor starting at $1,415 with a $1.26 price per square foot in the Laketown Colonial Townhomes 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 |
| Greenwood Manor | One Bedroom B | 1BR,1BA | $1.26 |
| AbleLight Village | The Isles | 2BR,2BA | $1.76 |
| Christmas Lake Manor Apartments | Two Bedroom/ One Bathroom | 2BR,1BA | $1.24 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1.41 |
| Shoreline Place | 2 bedroom / 1 bath | 2BR,1BA | $1.73 |
| Lakecrest Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.78 |
| Minnetonka Edgewater | One Bedroom, One Bathroom | 1BR,1BA | $1.72 |
| Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1.60 |
| Howard Lake Apartments | One Bedroom | 1BR,1BA | $1.40 |
Quick Rent Budget Calculator
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Best Local Schools in Watertown, MN
Watertown-Mayer Elementary School
Watertown-Mayer Public School Dist.
Public School - Grades K-4 (528)
9 out of 10
Watertown-Mayer Middle
Watertown-Mayer Public School Dist.
Public School - Grades 5-8 (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
Watertown, MN Apartments MapWatertown, MN Rental Homes MapGetting Around Watertown, MN
Walk Score®
32 / 100
Car-Dependent
Most errands require a car
Bike Score®
29 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,385.
How much is rent for a Cheap One Bedroom Watertown Apartment?
The lowest price for a Cheap One Bedroom Watertown Apartment is $675 at Howard Lake 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 Christmas Lake Manor 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 $2,441.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.