
Cheap Apartments for Rent in Oconomowoc, WI from $500 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Oconomowoc.


Parkside Apartments, LLC

Morningside Orchard Apartments

Berkshire Oconomowoc Senior Apartments

The Preserve at Prairie Creek
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Grace Manor Apts., LLC

Whitman Park Apartments

The Locklyn

318A W 5th St

Worthington Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Bolson Drive Apartments

314 W 3rd St

Edgewater Apartments

4175 N 91st St

1705 Chapman Dr
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

15315 Marilyn Dr

700 Mansfield Ct
Oconomowoc, WI Local Guide

How much does it cost to rent an apartment in Oconomowoc?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oconomowoc Studio Apartments | $1,295 | $1,229 | $1,364 |
| Oconomowoc 1 Bedroom Apartments | $1,572 | $519 | $2,844 |
| Oconomowoc 2 Bedroom Apartments | $1,948 | $617 | $5,178 |
| Oconomowoc 3 Bedroom Apartments | $2,170 | $719 | $3,795 |
Browse Top Apartments in Oconomowoc
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Oconomowoc, WI Local Guide
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Cheapest Neighborhoods for Apartments in Oconomowoc, WI
Pricing Updated: 02/06/2026Current apartment rentals in the Oconomowoc, WI area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Oconomowoc Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Weston Meadows | $1,650 | $519 | 86 |
| Hickorywood Farms | $2,395 | $519 | 109 |
Cheapest Available Oconomowoc Apartments for Rent
 The cheapest available apartment rental in Oconomowoc, WI is a 1 Bed unit found at Morningside Orchard Apartments in the Hickorywood Farms neighborhood priced from $1,000. The Preserve at Prairie Creek in the Hickorywood Farms neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,226. Here is today’s list of the most affordable Oconomowoc apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Morningside Orchard Apartments | 1 Bedroom Apartment (Upper) | 1BR,1BA | $1,000 |
| The Preserve at Prairie Creek | Standard | Studio,1BA | $1,226 |
| The Locklyn | Phase Two - Deluxe Studio | Studio,1BA | $1,324 |
| Berkshire Oconomowoc Senior Apartments | Unit H | 2BR,1BA | $1,458 |
| Hackney House Apartments | A1-A | 1BR,1BA | $1,492 |
Best Value Apartments for Rent in Oconomowoc, WI
As of February 06, 2026 the best value apartment in the Oconomowoc area is the $1.25 price per square foot 454 W Wisconsin Ave Model at 454 W Wisconsin Ave, Unit 2 in the in the Hickorywood Farms neighborhood starting from $1,750. The second greatest value Oconomowoc apartment is the Remodeled 2B2B Loft Model at Lake Country Village Apartments starting at $1,910 with a $1.47 price per square foot in the Hickorywood Farms neighborhood. Here is today’s list of the best values for Oconomowoc apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 454 W Wisconsin Ave, Unit 2 | 454 W Wisconsin Ave | 2BR,1BA | $1.25 |
| Lake Country Village Apartments | Remodeled 2B2B Loft | 2BR,2BA | $1.47 |
| W379N5686 N Lake Rd, Unit 1 | W379N5686 N Lake Rd | 2BR,2BA | $1.66 |
| Morningside Orchard Apartments | Furnished 2 Bedroom Apartment (Upper) | 2BR,1BA | $2.78 |
| Berkshire Oconomowoc Senior Apartments | Unit H | 2BR,1BA | $1.65 |
| THE GATEWAY | 1 Bedroom 1 Bathroom Wisconsin | 1BR,1BA | $2.05 |
| Norden Range Apartments | A1 | 1BR,1BA | $2.02 |
| Hackney House Apartments | A1-A | 1BR,1BA | $2.07 |
| The Locklyn | Phase Two - Deluxe Studio | Studio ,1BA | $2.34 |
| The Preserve at Prairie Creek | Standard | Studio ,1BA | $2.36 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
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Best Local Schools in Oconomowoc, WI
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Oconomowoc, WI Rentals by Map
See the most popular apartments and homes in Oconomowoc, WI
Frequently Asked Questions about Cheap Oconomowoc Apartments
What is a cheap apartment in Oconomowoc?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Oconomowoc is under $1,800.
What is the price of a cheap apartment in Oconomowoc?
The cheapest apartment in Oconomowoc is Morningside Orchard Apartments which is listed at $1,000, while the average apartment in Oconomowoc costs $2,022.
What types of apartments are the cheapest in Oconomowoc?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 6 regular apartments in Oconomowoc that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Oconomowoc?
Cheap apartments in Oconomowoc have an average cost of $460 which is $1,562 cheaper than the average rent for all rentals in Oconomowoc.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.