Cheap Apartments for Rent in Watertown, MN from $800 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in Watertown.

Riverwalk Apartments

Clover Field Marketplace

Christmas Lake Manor Apartments

Dockside Apartments on Lake Minnetonka

Bay Pointe Apartments

Bayview Apartments

Minnetonka Edgewater

Langdon Lake Apartments

Water's Edge Townhomes
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Granite Works Apartments

Barbary Knoll Apartments

Lakecrest Apartments

Shoreline Place

Shorewood Place Apartments

The Otto

Lake Jonathan Flats

Harbor District Apartments

Highland Shores Apartments

The Uptown Apartments

Springs at McKnight Lake

Fenview Flats

The Carver Apartments

Juniper

Victoria Flats

2730 Orchard Ln

4379 Wilshire Blvd

4470 Denbigh Rd
Watertown, MN Local Guide

How much does it cost to rent an apartment in Watertown?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Watertown Studio Apartments | $1,368 | $1,020 | $1,695 |
Watertown 1 Bedroom Apartments | $1,728 | $989 | $3,150 |
Watertown 2 Bedroom Apartments | $2,509 | $1,125 | $7,500 |
Watertown 3 Bedroom Apartments | $3,501 | $1,350 | $9,395 |
Watertown 4 Bedroom Apartments | $3,116 | $2,650 | $3,350 |
Browse Top Apartments in Watertown
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Watertown, MN Local Guide
- Nearby Cities
- ZIP codes
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- School Districts
Cheapest Available Watertown Apartments for Rent and Nearby
 The cheapest available apartment rental in Watertown, MN is a 1 Bed unit found at Christmas Lake Manor Apartments in the Pinehurst neighborhood priced from $1,080. Dockside Apartments on Lake Minnetonka in the Outlying Hennepin Far Western Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here is today’s list of the most affordable Watertown apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1,080 |
Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1,095 |
Minnetonka Edgewater | One Free Months Rent! Newly Renovated Studios! | Studio,1BA | $1,150 |
Riverwalk Apartments | 2 bedroom 1 bath | 2BR,1BA | $1,189 |
Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1,200 |
Shoreline Place | 2 bedroom / 1 bath | 2BR,1BA | $1,300 |
Clover Field Marketplace | 1 Bedroom, Market Rate, Floorplan A | 1BR,1BA | $1,320 |
Barbary Knoll Apartments | 2 bd Balcony | 2BR,1BA | $1,335 |
Harbor District Apartments | Lakeside One Bedroom with Bosch W/D | 1BR,1BA | $1,425 |
Granite Works Apartments | A2 One Bed | 1BR,1BA | $1,440 |
Best Value Apartments for Rent in Watertown, MN and Nearby
As of April 27, 2025 the best value apartment in the Watertown area is the $1.81 price per square foot D4 - Leland B Model at Marsh Hollow in the in the Scott Far Western Suburbs neighborhood starting from $3,647. The second greatest value Watertown apartment is the 1 Bedroom, Market Rate, Floorplan A Model at Clover Field Marketplace starting at $1,320 with a $1.00 price per square foot in the Scott 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. |
---|---|---|---|
Marsh Hollow | D4 - Leland B | 3BR,3BA | $1.81 |
Clover Field Marketplace | 1 Bedroom, Market Rate, Floorplan A | 1BR,1BA | $1.00 |
Barbary Knoll Apartments | 2 bd Balcony | 2BR,1BA | $1.37 |
Riverwalk Apartments | 2 bedroom 1 bath | 2BR,1BA | $1.35 |
Harbor District Apartments | Lakeside One Bedroom with Bosch W/D | 1BR,1BA | $1.70 |
Highland Shores Apartments | Floorplan G | 1BR,1BA | $1.75 |
Shoreline Place | 2 bedroom / 1 bath | 2BR,1BA | $1.73 |
Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.66 |
Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1.56 |
Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1.55 |
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Best Local Schools in Watertown, MN
Watertown-Mayer Elementary School
Watertown-Mayer Middle
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Watertown, MN
Walk Score®
32 / 100
Car-Dependent
Most errands require a car
Bike Score®
29 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Minnetonka Edgewater listed at $1,150.
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 $1,125 at Christmas Lake Manor Apartments.
What is the most affordable Watertown Three Bedroom Apartment?
The best deal on a cheap Watertown Three Bedroom Apartment rental is at Clover Field Marketplace and starts from $1,463.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.