What's the average rent in Watertown, MN?
Rental Market Trends in Watertown, MN
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SOURCE: TRULIA DATA
Rental market highlights
As of August 2026, the average rent in Watertown, MN is $1,350 per month, which is 31% lower than the national average rent of $1,965 per month.
AVERAGE RENT
$1,350
-10.0%-$150 decrease month-over-month
-43.6%-$1,045 decrease year-over-year
AVAILABLE RENTALS
6
APARTMENTS
HOUSES
TOWNHOUSES
As of August 2026, apartments are the most affordable rental option in Watertown, MN at $1,350 per month, while houses are the most expensive at $2,450 per month. Townhomes average $1,350 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $2,450 |
| All | $1,350 |
As of August 2026, the average rent for a 2 bedroom rental in Watertown, MN is $1,350 per month, followed by $1,850 for a 3 bedroom rental, and $2,450 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | — |
| All | $1,350 |
As of August 2026, the average rent for a 3 bedroom townhome in Watertown, MN is $1,350 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | — |
| All | $1,350 |
As of August 2026, the average rent for a 2 bedroom apartment in Watertown, MN is $1,350 per month, followed by $1,850 for a 3 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | — |
| 4 Bedrooms | $2,450 |
| All | $2,450 |
As of August 2026, the average rent for a 4 bedroom house in Watertown, MN is $2,450 per month.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -37% compared to the previous year, which is a $889 decrease.
This year (2026)
Last year (2025)
Rent distribution
57% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $1,200 to $2,450.
