604 White St SW
WatertownMN55388
Cheap Homes for Rent in Watertown, MN from $1,200 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Watertown.
602 E 1st St
WaconiaMN55387
8551 Elm St
RockfordMN55373
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.
4040 North Shore Dr W
MinnetristaMN55364
763 Rockford Ave E
DelanoMN55328
4407 Wilshire Blvd
MoundMN55364
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.
7689 Nicholas Way
ChanhassenMN55317
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Watertown, MN Local Guide
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How much does it cost to rent a home in Watertown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Watertown 2 Bedroom Homes for Rent | $1,785 | $1,200 | $2,395 |
| Watertown 3 Bedroom Homes for Rent | $3,360 | $1,675 | $7,500 |
| Watertown 4 Bedroom Homes for Rent | $3,920 | $2,495 | $7,000 |
| Watertown 5 Bedroom Homes for Rent | $8,628 | $2,945 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Watertown, MN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Howard Lake Apartments | 2 Bed | 2BR,1BA | $795 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1,075 |
| Riverwalk Apartments | 1 bedroom 1 bath | 1BR,1BA | $1,100 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Clover Field Marketplace | 2 Bedroom, Market Rate, Floorplan B | 2BR,1BA | $1.00 |
| Barbary Knoll Apartments | 1 bd + Den Balcony | 1BR,1BA | $1.43 |
| Winsted Fields Apartments | B-1 | 2BR,2BA | $1.71 |
| Riverwalk Apartments | 2 bedroom remodel | 2BR,1BA | $1.44 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Bay Pointe Apartments | 2 BR 1 BA - 1st floor | 2BR,1BA | $1.52 |
| Howard Lake Apartments | 2 Bed | 2BR,1BA | $0.95 |
| 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 | $1.54 |
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.
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.
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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 $8,750. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watertown ranging from $1,200 to $17,000.
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 $1,200 to $17,000 with an average monthly rent of $3,878.
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
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.
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.
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.
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.