8551 Elm St
RockfordMN55373
Cheap Homes for Rent in Watertown, MN from $1,475 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Watertown.
303 Angel Ave SW
WatertownMN55388
2991 Village Ln
ChanhassenMN55317
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.
757 Rockford Ave E
DelanoMN55328
116 Rockford Ave E
DelanoMN55328
231 Camden Ave S
New GermanyMN55367
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.
208 Lake Blvd S
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 a home in Watertown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Watertown 2 Bedroom Homes for Rent | $2,732 | $1,500 | $8,000 |
| Watertown 3 Bedroom Homes for Rent | $3,037 | $1,475 | $7,500 |
| Watertown 4 Bedroom Homes for Rent | $4,856 | $2,495 | $8,950 |
| Watertown 5 Bedroom Homes for Rent | $7,736 | $4,450 | $10,000+ |
| Watertown 6 Bedroom Homes for Rent | $11,995 | $10,000 | $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. Young America Apartments in the Scott Far Western Suburbs neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,055. 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 |
| Young America Apartments | 2 bedrooms | 2BR,1BA | $1,055 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1,075 |
Best Value Apartments for Rent in Watertown, MN and Nearby
As of September 09, 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 2BR Model at Bayview Apartments starting at $1,550 with a $1.39 price per square foot in the Outlying Hennepin Far Western Suburbs 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 |
| Bayview Apartments | 2BR | 2BR,2BA | $1.39 |
| Prairie Village | Prairie Village 3 Bedroom | 3BR,2BA | $1.25 |
| Barbary Knoll Apartments | 1 bd + Den Balcony | 1BR,1BA | $1.49 |
| Christmas Lake Manor Apartments | Two Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.35 |
| Riverwalk Apartments | 2 bedroom remodel | 2BR,1BA | $1.44 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Howard Lake Apartments | 2 Bed | 2BR,1BA | $0.95 |
| Young America Apartments | 2 bedrooms | 2BR,1BA | $1.41 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.64 |
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
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.
Read ArticleReal 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 (482)
9 out of 10
Watertown Mayer High School
Watertown-Mayer Public School Dist.
Public School - Grades 9-12 (516)
8 out of 10
Watertown-Mayer Middle School
Watertown-Mayer Public School Dist.
Public School - Grades K-8 (418)
9 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 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watertown ranging from $1,475 to $15,000.
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 $1,475 to $15,000 with an average monthly rent of $4,195.
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 $4,231, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,475 to $7,500. Four Bedroom Single-Family rentals are also available starting from $2,495 and Four Bedroom Apartments start at $3,249.
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.