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 September 2026, the average rent in Watertown, MN is $1,500 per month, which is 23% lower than the national average rent of $1,948 per month.
AVERAGE RENT
$1,500
11.1%$150 increase month-over-month
-23.3%-$455 decrease year-over-year
AVAILABLE RENTALS
6
APARTMENTS
HOUSES
TOWNHOUSES
As of September 2026, townhomes are the most affordable rental option in Watertown, MN at $1,380 per month, while houses are the most expensive at $2,550 per month. Apartments average $1,500 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $2,550 |
| All | $1,500 |
As of September 2026, the average rent for a 2 bedroom rental in Watertown, MN is $1,380 per month, followed by $1,700 for a 3 bedroom rental, and $2,550 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,380 |
As of September 2026, the average rent for a 2 bedroom townhome in Watertown, MN is $1,380 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | — |
| All | $1,500 |
As of September 2026, the average rent for a 2 bedroom apartment in Watertown, MN is $1,350 per month, followed by $1,700 for a 3 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | — |
| 4 Bedrooms | $2,550 |
| All | $2,550 |
As of September 2026, the average rent for a 4 bedroom house in Watertown, MN is $2,550 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 $820 decrease.
This year (2026)
Last year (2025)
Rent distribution
63% of rentals have rent of $1,500-$2,199/month
Rental price range
The price range for rentals is $1,350 to $2,550.
