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 May 2026, the average rent in Watertown, MN is $1,500 per month, which is 21% lower than the national average rent of $1,910 per month.
AVERAGE RENT
$1,500
58.7%$555 increase month-over-month
67.6%$605 increase year-over-year
AVAILABLE RENTALS
5
APARTMENTS
HOUSES
TOWNHOUSES
As of May 2026, apartments are the most affordable rental option in Watertown, MN at $945 per month, while townhomes are the most expensive at $2,295 per month. Houses average $1,200 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $875 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,995 |
| 4 Bedrooms | — |
| All | $1,200 |
As of May 2026, the average rent for a 1 bedroom rental in Watertown, MN is $875 per month, followed by $1,200 for a 2 bedroom rental, and $1,995 for a 3 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $2,295 |
| 4 Bedrooms | — |
| All | $2,295 |
As of May 2026, the average rent for a 3 bedroom townhome in Watertown, MN is $2,295 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $875 |
| 2 Bedrooms | $945 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $945 |
As of May 2026, the average rent for a 1 bedroom apartment in Watertown, MN is $875 per month, followed by $945 for a 2 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,995 |
| 4 Bedrooms | — |
| All | $1,200 |
As of May 2026, the average rent for a 2 bedroom house in Watertown, MN is $1,200 per month, followed by $1,995 for a 3 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has increased by +68% compared to the previous year, which is a +$605 increase.
This year (2026)
Last year (2025)
Rent distribution
63% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $945 to $2,295.
