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Newest Homes for Rent in Watertown, TN

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  • /31

    $1,800 Per Month

    • 3 Beds
    • 2 Baths
    • 1,272 Sq Ft
    • House for Rent

    308 Elm Ave, Watertown, TN 37184

    Welcome to an incredible rental opportunity in the highly sought-after Historic Watertown community! This charming 3-bedroom, 2-bath cottage is sure to capture your heart. Don't miss out on this fantastic opportunity to experience the charm and comfort of living in the Historic Watertown community. This rental property is a must-see.

    Agent Photo

    Hunter McDonald

    Red Realty, LLC

    (629) 207-7054

    308 Elm Ave, Watertown, TN 37184
  • /6

    $2,975 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,900 Sq Ft
    • House for Rent

    138 Waters Ave, Watertown, TN 37184

    Agent Photo

    Micah Minzak

    UpTown Tennessee Realtors, Inc.

    (629) 299-0503

    138 Waters Ave, Watertown, TN 37184
  • /18

    Starting at $1,395 Per Month

    • 3 Beds

    255 Newtown Rd, Watertown, TN 37184

    FREE SPECTRUM INTERNET/CABLE PACKAGEIntroducing a spacious single-family home featuring 3 bedrooms and 1.5 baths. Enjoy large bedrooms and a spacious laundry room equipped with modern, upgraded finishes throughout. Conveniently located on New Town Rd. in the heart of Watertown, this home is just minutes from I-40 and 840. Contact us for more details! Currently, Unit 233 and Unit 241 are

    255 New Town Rd.

    (615) 235-5859

    255 Newtown Rd, Watertown, TN 37184

Frequently Asked Questions

How much does it cost to rent a home in Watertown, TN?
The median rent for a home in Watertown, TN is $2,975 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, TN?
To comfortably afford the median rent in Watertown, TN, a household needs to earn roughly $119,000 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 $2,975 per month in Watertown, TN, renters typically need to show $8,925 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, TN?
In Watertown, TN, the price-to-rent ratio is 10.7, 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, TN

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$2,975
Median Single Family Home Rent
$2,975
How to Rent a Home