Cheap Apartments for Rent in Oconomowoc, WI from $500 (13 Rentals)

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Edgewater Apartments
Studio to 2 Bedroom Apartments

Edgewater Apartments

231 N Fowler StOconomowoc, WI 53066
  • Utilities Included

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.

Oconomowoc, WI Local Guide

Cheapest Neighborhoods for Apartments in Oconomowoc, WI

Pricing Updated: 01/22/2026

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
Weston Meadows$1,579$51984
Hickorywood Farms$3,500$519117

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 $1,216. 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$1,216
River Park Apartments2 Bed, 2 Bath lower2BR,2BA$1,250
The LocklynPhase Two - Deluxe StudioStudio,1BA$1,337
Hackney House ApartmentsA11BR,1BA$1,381

Best Value Apartments for Rent in Oconomowoc, WI and Nearby

As of January 22, 2026 the best value apartment in the Oconomowoc area is the $1.47 price per square foot Remodeled 2B2B Loft Model at Lake Country Village Apartments in the in the Hickorywood Farms neighborhood starting from $1,910. The second greatest value Oconomowoc apartment is the W379N5686 N Lake Rd Model at W379N5686 N Lake Rd, Unit Unit 1 starting at $1,995 with a $1.66 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.
Lake Country Village ApartmentsRemodeled 2B2B Loft2BR,2BA$1.47
W379N5686 N Lake Rd, Unit Unit 1W379N5686 N Lake Rd2BR,2BA$1.66
River Park Apartments2 Bed, 2 Bath lower2BR,2BA$1.14
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$2.02
The LocklynPhase One - 1 Bedroom, 1 Bathroom with Garage1BR,1BA$2.36
Norden Range ApartmentsA11BR,1BA$2.02
Hackney House ApartmentsA1-G1BR,1BA$2.43
The Preserve at Prairie CreekStandardStudio ,1BA$2.34

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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Location, Location, Location!

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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 $2,539.

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 $479 which is $2,060 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

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.