305.5 Central Ave
BuffaloMN55313
Cheap Homes for Rent in Watertown, MN from $1,100 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Watertown.
4470 Denbigh Rd
MoundMN55364
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
2730 Orchard Ln
ExcelsiorMN55331
611 Freeman Ave S
DelanoMN55328
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.
4973 3 Points Blvd
MoundMN55364
3114 Thoreau Rd
ChaskaMN55318
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.
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 | $2,067 | $1,100 | $2,947 |
| Watertown 3 Bedroom Homes for Rent | $2,906 | $1,495 | $7,500 |
| Watertown 4 Bedroom Homes for Rent | $3,233 | $2,279 | $5,500 |
| Watertown 5 Bedroom Homes for Rent | $9,933 | $3,600 | $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 Dockside Apartments on Lake Minnetonka in the Outlying Hennepin Far Western Suburbs neighborhood priced from $1,070. Christmas Lake Manor Apartments in the Pinehurst neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,080. Here is today’s list of the most affordable Watertown apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1,070 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1,080 |
| Bay Pointe Apartments | 1 BR 1 BA - 1st Floor | 1BR,1BA | $1,135 |
Best Value Apartments for Rent in Watertown, MN and Nearby
As of May 15, 2025 the best value apartment in the Watertown area is the $1.11 price per square foot 3 Bedroom, Income Restrictions, Floorplan B Model at Clover Field Marketplace in the in the Scott Far Western Suburbs neighborhood starting from $1,658. The second greatest value Watertown apartment is the One Bedroom B Model at Greenwood Manor starting at $1,415 with a $1.26 price per square foot in the Laketown Colonial Townhomes 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 | 3 Bedroom, Income Restrictions, Floorplan B | 3BR,2BA | $1.11 |
| Greenwood Manor | One Bedroom B | 1BR,1BA | $1.26 |
| Bayview Apartments | 2BR | 2BR,2BA | $1.51 |
| Christmas Lake Manor Apartments | Two Bedroom/ One Bathroom | 2BR,1BA | $1.16 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1.25 |
| 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 |
| Lakecrest Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.78 |
| Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1.53 |
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Frequently Asked Questions about Watertown
What type of rentals are currently available in Watertown?
There are currently 55 Apartments for Rent in Watertown, MN with pricing that ranges from $1,000 to $9,395. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watertown ranging from $1,100 to $19,750.
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 $1,100 to $19,750 with an average monthly rent of $4,534.
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 $1,350 to $9,395, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $7,500. Four Bedroom Single-Family rentals are also available starting from $2,279 and Four Bedroom Apartments start at $2,599.
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.
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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
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.