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Affordable apartments in Watertown, Minnesota

3 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

3 lihtc

Buildings

WATERS EDGE TOWNHOMES

LIHTC
MULTIPLE BUILDING ADDRESSES, WATERTOWN, MN, 55388
Income-restricted units
29 of 30
Year placed in service
2001
Bedroom mix
10 2BR · 20 3BR

Estimated total housing cost: $885 rent + $117 utilities = $1,002/mo

Contact property management for current availability. Waitlists may apply.

HALTER VALLEY APTS

LIHTC
210 TERRITORIAL ST W, WATERTOWN, MN, 55388
Income-restricted units
22 of 22
Year placed in service
1990

Estimated total housing cost: $885 rent + $117 utilities = $1,002/mo

Contact property management for current availability. Waitlists may apply.

HALTER HYLAND

LIHTC
101 ANGEL AVE SW, WATERTOWN, MN, 55388
Income-restricted units
7 of 8
Year placed in service
1987

Estimated total housing cost: $885 rent + $117 utilities = $1,002/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in Minnesota

Residential electricity in Minnesota runs about 15.95¢/kWh, with a typical monthly residential electric bill near $117. Natural gas runs about $12.68/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for Watertown, MN

Metro-level
BedroomsLocal FMRNational median
Studio$752n/a
1 bedroom$841n/a
2 bedroom$885$1,502
3 bedroom$1,151n/a
4 bedroom$1,328n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.

HUD income limits : Carver County, MN

Minneapolis-St. Paul-Bloomington, MN-WI. FY2025. Area median income: $132,400.

Household size30% AMI50% AMI80% AMI
1 person$27,800$46,350$72,950
2 people$31,800$53,000$83,400
3 people$35,750$59,600$93,800
4 people$39,700$66,200$104,200
5 people$42,900$71,500$112,550
6 people$46,100$76,800$120,900
7 people$49,250$82,100$129,250
8 people$54,150$87,400$137,550

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Minnesota cities

See all affordable-rental cities in Minnesota

About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Watertown cost-of-living and Fair Market Rent overview