Watertown, MN rental market
Last updated September 23, 2025
Rental market summary
The average rent for all bedrooms and all property types in Watertown, MN is $1,115.
$1,115
-$1,055
-$462
6
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $989 to $2,295.
| Rent price | Number of rental properties |
|---|---|
| $900 | 1 |
| $1,100 | 2 |
| $2,000 | 1 |
| $2,100 | 1 |
| $2,200+ | 2 |
Average rent price over time
In the last year, rent has decreased by $463 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $2,095 | $1,800 |
| Feb | $1,850 | $1,450 |
| Mar | $2,095 | $2,250 |
| Apr | $1,950 | $895 |
| May | $1,950 | $895 |
| Jun | $1,950 | $2,499 |
| Jul | $1,950 | $2,389 |
| Aug | $1,975 | $2,200 |
| Sep | $1,650 | No data |
| Oct | $1,575 | No data |
| Nov | $1,550 | No data |
| Dec | $1,900 | No data |
Market temperature
The Watertown, MN rental market temperature is HOT. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Watertown, MN is 46% lower than the national average.
$1,115
$2,050
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Frequently asked questions
1. What is the average rent in Watertown, MN?
The average rent in Watertown, MN is $1,115.
2. How much does it cost to rent a house in Watertown, MN?
Houses in Watertown, MN rent between $989 - $2,295 with an average rent of $1,115.
3. How has the rent in Watertown, MN changed in the last year?
In the last year, the rent in Watertown, MN decreased by $463
4. How much has the rent in Watertown, MN increased/decreased in the last month?
In the last month, the rent in Watertown, MN decreased by $1,055
5. How many available rentals are there in Watertown, MN?
There are currently 6 rentals available in Watertown, MN.
6. How do rent prices in Watertown, MN compare with the national average?
The average rent in Watertown, MN is $1,115 — 45.61% lower the national average of $2,050.