524 Emerson Ave N
MontroseMN55363
Cheap Homes for Rent in Watertown, MN from $800 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Watertown.
4470 Denbigh Rd
MoundMN55364
301 Central Ave
BuffaloMN55313
212 Beach
RockfordMN55373
211 Canal Dr
RockfordMN55373
821 Creekside Cir
BuffaloMN55313
5043 Shoreline Dr
MoundMN55364
524 W 3rd St
WaconiaMN55387
618 Dillon Ave N
MontroseMN55363
105 Buffalo Run Rd
BuffaloMN55313
1944 Shamrock Pl
ChaskaMN55318
102 Charity Cir
MontroseMN55363
438 Lake Trail
WinstedMN55395
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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 | $1,815 | $1,600 | $2,199 |
| Watertown 3 Bedroom Homes for Rent | $2,840 | $1,450 | $7,500 |
| Watertown 4 Bedroom Homes for Rent | $3,860 | $1,600 | $8,500 |
| Watertown 5 Bedroom Homes for Rent | $5,259 | $2,450 | $10,000+ |
Browse Top Homes for Rent in Watertown
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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 1 Bed unit found at Howard Lake Apartments in the Wright Far Western Suburbs neighborhood priced from $675. Riverwalk Apartments in the Highland Ridge neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $929. 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 |
| Riverwalk Apartments | 1 bedroom 1 bath | 1BR,1BA | $929 |
| Prairie Village | Prairie Village 2 Bedroom | 2BR,1BA | $995 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1,080 |
| Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1,120 |
Best Value Apartments for Rent in Watertown, MN and Nearby
As of July 25, 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 Floorplan C Model at Highland Shores Apartments starting at $1,985 with a $1.36 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 C | 2BR,2BA | $1.36 |
| AbleLight Village | The Isles | 2BR,2BA | $1.75 |
| Riverwalk Apartments | 2 bedroom remodel | 2BR,1BA | $1.45 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1.41 |
| Prairie Village | Prairie Village 2 Bedroom | 2BR,1BA | $1.29 |
| Shoreline Place | 2 bedroom / 1 bath | 2BR,1BA | $1.60 |
| Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1.60 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1.55 |
| Howard Lake Apartments | 1 Bed | 1BR,1BA | $1.40 |
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Frequently Asked Questions about Watertown
What type of rentals are currently available in Watertown?
There are currently 57 Apartments for Rent in Watertown, MN with pricing that ranges from $655 to $9,395. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watertown ranging from $800 to $15,975.
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 $800 to $15,975 with an average monthly rent of $2,914.
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 $1,180 to $9,395, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $7,500. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $3,350.
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.