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Watertown, MN Homes for Rent

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  • /4

    $1,350 Per Month

    • 2 Beds
    • 1 Bath
    • Property for Rent

    604 White St SW Unit 25, Watertown, MN 55388

    Looking for a 2-bedroom home? This one is available now: 2 Bedrooms 1 Bathroom $1,350/month Comfortable, affordable, and ready for move-in. Message us before it's gone!

    Diane Sikes Rock Island MHP

    604 White St SW Unit 25, Watertown, MN 55388
  • /12

    $1,350

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,100 Sq Ft
    • House for Rent

    205 Jackson Ave NW Unit Upper Level of Home, Watertown, MN 55388

    KEY FEATURES- Sq Footage: ~1,100 sqft.- Bedrooms: 3 Beds- Bathrooms: 1 Bath- Parking: Off Street Parking- Lease Duration: 1 Year (See Details Below)- Deposit: $2,000- Pets Policy: No Pets Allowed- Laundry: No Laundry onsite- Property Type: DuplexDESCRIPTIONThe rental space is the upper level of the home.This is the home YOU have been

    205 Jackson Ave NW Unit Upper Level of Home, Watertown, MN 55388
  • /8

    $1,850 Per Month

    • 3 Beds
    • 2 Baths
    • Property for Rent

    604 White St SW Unit 42, Watertown, MN 55388

    This home won't last long at this price! 3 Bedrooms 2 Bathrooms $1,850/month

    Diane Sikes Rock Island MHP

    604 White St SW Unit 42, Watertown, MN 55388
  • /5

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • House for Rent

    604 White St SW Unit 2, Watertown, MN 55388

    All you need in one BEAUTIFUL space! 2 Bedroom | 1 Bath apartment conveniently located near multiple businesses, shopping, dining, and everyday essentials. Everything you need is just minutes away! Don't miss this amazing opportunity to be in a welcoming, pet-friendly community!

    Diane Sikes Rock Island MHP

    604 White St SW Unit 2, Watertown, MN 55388

Why Live in Watertown

Watertown, MN, is a rural village of approximately 4,700 residents located 31 miles west of Minneapolis. The South Fork of the Crow River runs through this rustic town, which features a charming downtown district and quiet residential streets extending into the Minnesota countryside. Outdoor enthusiasts will find plenty of things to do, with numerous trails, parks, and riverine activities. The Luce Line State Trail, a 63-mile path, is popular for biking, jogging, and winter sports like cross-country skiing and snowmobiling. The Crow River offers fishing, kayaking, and paddleboarding, with an access point just a few blocks from downtown. Watertown boasts several public parks with amenities such as baseball diamonds, off-leash dog areas, playgrounds, disc golf, and soccer fields. The town's public schools, including Watertown-Mayer Elementary, Middle, and High Schools, are well-rated, contributing to the area's appeal for families. Downtown Watertown features a variety of shops, restaurants, and specialty stores, including Riverside Bar & Restaurant, La Catrina Restaurante & Bar, and Elephant Joe’s Coffee. Housing options range from early- and mid-20th-century homes to modern subdivisions built in the last 30 years. While the town lacks public transportation, County Road 20 provides a direct route to the Twin Cities, and major medical facilities and the Minneapolis-Saint Paul International Airport are within a reasonable driving distance. Flooding can be a concern for homes near the river, particularly during late winter and early spring.

Frequently Asked Questions

How much does it cost to rent a home in Watertown, MN?
The median rent for a home in Watertown, MN is $1,350 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Watertown, MN?
To comfortably afford the median rent in Watertown, MN, a household needs to earn roughly $54,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,350 per month in Watertown, MN, renters typically need to show $4,050 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Watertown, MN?
In Watertown, MN, the price-to-rent ratio is 22.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$1,350
Median Single Family Home Rent
$1,350
How to Rent a Home