2

Watertown, MN Houses for Rent

Section Image
  • /5

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • House for Rent

    604 White St SW, Watertown, MN 55388

    Apartment for Rent! 2 bedrooms and 1 bath. This home offers comfort and convenience in a prime location. Rent is $1250/mo with a 12mo lease. Call today for Showings!

    Diane Sikes Rock Island MHP

    604 White St SW, Watertown, MN 55388
  • /21

    $3,495

    Total Monthly Price

    • 4 Beds
    • 3 Baths
    • 2,387 Sq Ft
    • Awesome 4Bed 3Bath Home in Watertown!

    1190 Landings Ln, Watertown, MN 55388

    Another amazing rental opportunity brought to you by the Dreamteam powered by Meta Realty!Beautiful one-story home featuring an open-concept floor plan designed for comfortable modern living. The main level includes a spacious primary suite with a private en-suite bathroom, offering convenience and privacy. The fully finished lower level is bright and inviting with large lookout windows,

    1190 Landings Ln, Watertown, MN 55388

Frequently Asked Questions

How much does it cost to rent a single-family home in Watertown, MN?
The median rent for a single-family home in Watertown, MN is $2,348 per month, though prices vary by neighborhood, size, and property type. As of May 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 $93,880 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 $2,347 per month in Watertown, MN, renters typically need to show $7,041 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 13.0, 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 in Watertown, MN

Rental Home Trends

Number of Houses for Rent
2
Median Single Family Home Rent
$2,348
Median 4 Bedroom Single Family Home Rent
$3,495
How to Rent a Home