Cheap Apartments for Rent in Oconomowoc, WI from $500 (22 Rentals)

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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.

property at 246 N Fowler St

$1,275 - $1,375

1 To 2 Bedroom Rentals

Available Now

246 N Fowler St

OconomowocWI53066
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Edgewater Apartments
Studio to 2 Bedroom Apartments

Edgewater Apartments

231 N Fowler StOconomowoc, WI 53066
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Oconomowoc, WI Local Guide

Cheapest Neighborhoods for Apartments in Oconomowoc, WI

Pricing Updated: 03/24/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Hickorywood Farms$3,500$1,9003

Cheapest Available Oconomowoc Apartments for Rent and Nearby

 

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 $1,219. Here is today’s list of the most affordable Oconomowoc apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Morningside Orchard Apartments1 Bedroom Apartment (Upper)1BR,1BA$1,000
The Preserve at Prairie CreekStandardStudio,1BA$1,219
Berkshire Oconomowoc Senior ApartmentsUnit H2BR,1BA$1,458
The LocklynPhase One - 1 Bedroom, 1 Bathroom - 1A1BR,1BA$1,492
Norden Range ApartmentsA31BR,1BA$1,535

Best Value Apartments for Rent in Oconomowoc, WI and Nearby

As of March 24, 2026 the best value apartment in the Oconomowoc area is the $0.96 price per square foot 3 Bed / 2.5 Bath Upper with Loft 1,900 sqft Model at River Park Apartments in the in the Hickorywood Farms neighborhood starting from $1,830. The second greatest value Oconomowoc apartment is the THA Model at Hackney House Apartments starting at $3,109 with a $1.99 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 ListingModel NameBed/BathPrice Per Sq.Ft.
River Park Apartments3 Bed / 2.5 Bath Upper with Loft 1,900 sqft3BR,2.5BA$0.96
Hackney House ApartmentsTHA2BR,2.5BA$1.99
The LocklynPhase Two - 3 Bedroom, 2 Bath w/ Attached Garage3BR,2BA$2.05
Lake Country Village ApartmentsRemodeled 2B2B Loft2BR,2BA$1.47
Norden Range ApartmentsB1-G2BR,2BA$2.00
Whitman Place ApartmentsTwo Bedroom Deluxe2BR,2BA$1.39
Morningside Orchard ApartmentsFurnished 2 Bedroom Apartment (Upper)2BR,1BA$2.78
Berkshire Oconomowoc Senior ApartmentsUnit H2BR,1BA$1.65
THE GATEWAY1 Bedroom 1 Bathroom Wisconsin1BR,1BA$2.05
The Preserve at Prairie CreekDeluxeStudio ,1BA$2.38

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Oconomowoc Apartments

How much is rent for a Cheap One Bedroom Oconomowoc Apartment?

The lowest price for a Cheap One Bedroom Oconomowoc Apartment is $1,000 at Morningside Orchard Apartments.

What is the lowest price for a Cheap Two Bedroom Oconomowoc Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Oconomowoc is starting from $1,458 at Berkshire Oconomowoc Senior Apartments.

What is the most affordable Oconomowoc Three Bedroom Apartment?

The best deal on a cheap Oconomowoc Three Bedroom Apartment rental is at River Park Apartments and starts from $1,830.

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

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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.

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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.

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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.

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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.