Cheap Apartments for Rent in Watertown, MN from $600 (52 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 Apr 28

604 White St SW

WatertownMN55388

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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The Otto
Rent Specials
$1,307 - $2,396
Total Monthly Price

Total Monthly Price

Base Rent
$1,299 - $2,388
Required Monthly Fees
$8

Total Monthly Price
$1,307 - $2,396
Studio to 3 Bedroom Apartments Available Now

The Otto

601 Industrial Blvd WWaconia, MN 55387
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Lake Jonathan Flats
$1,431 - $2,636
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,415 - $2,620
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Lake Jonathan Flats

3000 N Chestnut StChaska, MN 55318
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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The Uptown Apartments
$1,444 - $2,260
Total Monthly Price

Total Monthly Price

Base Rent
$1,384 - $2,200
Required Monthly Fees
$60

Total Monthly Price
$1,444 - $2,260
1 to 2 Bedroom Apartments Available Now

The Uptown Apartments

233 S Olive StWaconia, MN 55387
Senior Living
  • Verified
  • 3D Tour
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Fenview Flats
Rent Specials
$1,480 - $2,715
Total Monthly Price

Total Monthly Price

Base Rent
$1,420 - $2,655
Required Monthly Fees
$60

Total Monthly Price
$1,480 - $2,715
1 to 3 Bedroom Apartments Available Now

Fenview Flats

1600 Clover Ridge DrChaska, MN 55318
  • Verified
  • 3D Tour
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Wilford
$1,563 - $3,473
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,490 - $3,400
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Wilford

140 S Elm StWaconia, MN 55387
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Rowe
$1,564 - $3,669
Total Monthly Price

Total Monthly Price

Base Rent
$1,495 - $3,600
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Rowe

7980 Rose StVictoria, MN 55386
  • Verified
  • 3D Tour
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Victoria Flats
$1,603 - $2,603
Total Monthly Price

Total Monthly Price

Base Rent
$1,595 - $2,595
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Victoria Flats

1699 Steiger Lake LnVictoria, MN 55386
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Springs at McKnight Lake
Rent Specials
$1,647 - $3,225
Total Monthly Price

Total Monthly Price

Base Rent
$1,498 - $3,076
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Springs at McKnight Lake

3 Oakridge DrChaska, MN 55318
Corporate Housing
  • Verified
  • 3D Tour
  • Smoke Free
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Juniper
$1,807 - $3,289
Total Monthly Price

Total Monthly Price

Base Rent
$1,792 - $3,274
Required Monthly Fees
$15

Total Monthly Price
$1,807 - $3,289
1 to 3 Bedroom Apartments Available Now

Juniper

4701 Kings Point RoadMinnetrista, MN 55331
Furnished
  • Verified
  • 3D Tour
  • Smoke Free
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AbleLight Village
$1,855 - $2,355
Total Monthly Price

Total Monthly Price

Base Rent
$1,805 - $2,305
Required Monthly Fees
$50

Total Monthly Price
$1,855 - $2,355
1 to 2 Bedroom Apartments Available Now

AbleLight Village

1519 82nd StVictoria, MN 55386
Senior Living
  • Verified
  • Customer Reviewed
  • Utilities Included
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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
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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

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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Vista Ridge
1 to 3 Bedroom Apartments

Vista Ridge

861 Vista BlvdWaconia, MN 55387
  • Utilities Included
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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
  • Utilities Included
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Trailside Townhomes
2 Bedroom Apartments

Trailside Townhomes

112 Poplar Ridge DrNorwood Young America, MN 55397
property at 56 E 13th St

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

2 Bedroom, 1 Bath Townhome for Rent

Available Now

56 E 13th St

WaconiaMN55387
property at 911 2nd Ave S

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

3 Bedroom, 1.5 Bath Townhome for Rent

Available Now

911 2nd Ave S

BuffaloMN55313
property at 64 E 13th St

$1,640

Total Monthly Price

Total Monthly Price

Base Rent
$1,640

Total Monthly Price
$1,640

2 Bedroom, 1 Bath Townhome for Rent

Available Now

64 E 13th St

WaconiaMN55387
property at 8627-8635 Woodlawn Dr

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

2 Bedroom, 1 Bath Condo for Rent

Available Now

8627-8635 Woodlawn Dr

RockfordMN55373
property at 1411 2nd Ave S

$1,685

Total Monthly Price

Total Monthly Price

Base Rent
$1,685

Total Monthly Price
$1,685

2 Bedroom, 1.5 Bath Home for Rent

Available Now

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

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 ListingModel NameBed/BathPriced From
Young America Apartments2 bedrooms2BR,1BA$1,055
Shoreline Place2 bed / 1 ba2BR,1BA$1,059
Christmas Lake Manor ApartmentsOne Bathroom/ One Bedroom1BR,1BA$1,080
Dockside Apartments on Lake MinnetonkaThe Marina1BR,1BA$1,120
Winsted Fields ApartmentsC-2 ADA1BR,1BA$1,125
Lakecrest Village1 Bedroom 1 Bathroom1BR,1BA$1,199
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1,200
Shorewood Place Apartments1 Bedroom1BR,1BA$1,295
Riverwalk Apartments2 bedroom remodel2BR,1BA$1,299
Barbary Knoll Apartments1 bd + Den Balcony1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Clover Field Marketplace2 Bedroom, Market Rate, Floorplan B2BR,1BA$1.00
Highland Shores ApartmentsFloorplan A2BR,2BA$1.55
Barbary Knoll Apartments1 bd + Den Balcony1BR,1BA$1.43
Riverwalk Apartments2 bedroom remodel2BR,1BA$1.44
Langdon Lake Apartments1 BR/1 BA1BR,1BA$1.36
Young America Apartments2 bedrooms2BR,1BA$1.41
Shoreline Place2 bed / 1 ba (updated)2BR,1BA$1.60
Lakecrest Village1 Bedroom 1 Bathroom1BR,1BA$1.64
Dockside Apartments on Lake MinnetonkaThe Marina1BR,1BA$1.60
Christmas Lake Manor ApartmentsOne Bathroom/ One Bedroom1BR,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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

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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 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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.

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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.

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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.