8330 Cedar St
RockfordMN55373
Cheap Homes for Rent in Watertown, MN from $900 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Watertown.
604 White St SW
WatertownMN55388
205 Jackson Ave NW, Unit Upper Level of Home
205 Jackson Ave NW
WatertownMN55388
4470 Denbigh Rd
MoundMN55364
322 Creekside Dr
BuffaloMN55313
763 Rockford Ave E
DelanoMN55328
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.
4407 Wilshire Blvd
MoundMN55364
821 Creekside Cir
BuffaloMN55313
413 Angel Ave SW
WatertownMN55388
8920 Pheasant Ln
Saint BonifaciusMN55375
7689 Nicholas Way
ChanhassenMN55317
139 Mindy Ln
MontroseMN55363
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.
Showing Results 1-12, Page 1 of 1
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 a home in Watertown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Watertown 2 Bedroom Homes for Rent | $2,015 | $900 | $3,595 |
| Watertown 3 Bedroom Homes for Rent | $3,914 | $1,350 | $10,000+ |
| Watertown 4 Bedroom Homes for Rent | $3,868 | $1,800 | $8,600 |
| Watertown 5 Bedroom Homes for Rent | $4,257 | $2,995 | $5,695 |
| Watertown 6 Bedroom Homes for Rent | $14,995 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Watertown
Explore 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 |
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.
Read Article
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.
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 Watertown
What type of rentals are currently available in Watertown?
There are currently 67 Apartments for Rent in Watertown, MN with pricing that ranges from $655 to $6,233. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watertown ranging from $900 to $14,995.
What is the current price range for Rental Homes in Watertown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Watertown ranges from $900 to $14,995 with an average monthly rent of $5,809.
How much are larger Three and Four Bedroom Rentals in Watertown?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Watertown range from $1,230 to $6,233, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $10,500. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $2,999.
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.