
Cheap Apartments for Rent in Oconomowoc, WI from $519 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in Oconomowoc.


Parkside Apartments, LLC

Grace Manor Apts., LLC

Whitman Park Apartments

W379N5686 N Lake Rd

Morningside Orchard Apartments

Total Monthly Price
128 E Lisbon Rd, Unit 2

The Preserve at Prairie Creek
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Lake Country Village Apartments

Berkshire Oconomowoc Senior Apartments

The Frederick

The Locklyn

Hackney House Apartments

Whitman Place Apartments

Timberveil Residences

Norden Range Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Worthington Apartments

River Park Apartments

Bolson Drive Apartments

Edgewater Apartments

1066 Perry St

4175 N 91st St

113 E Milwaukee St

3437-3439-3439 N 83rd St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

2887 S 128th St

3537 N 85th St

W201N16930 Wilshire Dr

8120 W Herbert Ave

1439 S 88th St

6021 N 109th St

814 Beechwood Ave

18740 W Hoffman Ave
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

W246N6693 Champeny 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 | $1,449 | $1,362 | $1,477 |
| Oconomowoc 1 Bedroom Apartments | $1,804 | $519 | $3,765 |
| Oconomowoc 2 Bedroom Apartments | $2,115 | $617 | $6,430 |
| Oconomowoc 3 Bedroom Apartments | $2,557 | $822 | $7,129 |
| Oconomowoc 4 Bedroom Apartments | $4,675 | $4,650 | $4,700 |
Browse Top Apartments in Oconomowoc
See all Apartments in OconomowocExplore Oconomowoc
Oconomowoc, WI Local Guide
- Oconomowoc Neighborhoods
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Cheapest Neighborhoods for Apartments in Oconomowoc, WI
Pricing Updated: 09/25/2026Current apartment rentals in the Oconomowoc, WI area range in price from $519 to $7,129 with an overall median price of $1,735. 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 | $1,300 | $519 | 15 |
| Hickorywood Farms | $1,891 | $519 | 42 |
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 $1,275. The Preserve at Prairie Creek in the Hickorywood Farms neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,362. 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 | $1,275 |
| The Preserve at Prairie Creek | Deluxe | Studio, 1BA | $1,362 |
| Berkshire Oconomowoc Senior Apartments | Unit H | 2BR, 1BA | $1,458 |
| The Locklyn | Phase One - Deluxe Studio | Studio, 1BA | $1,477 |
| Whitman Place Apartments | Two Bedroom Deluxe | 2BR, 2BA | $1,595 |
| THE GATEWAY | 1 Bedroom 1 Bathroom Wisconsin | 1BR, 1BA | $1,725 |
| The Frederick | A1 | 1BR, 1BA | $1,730 |
| Hackney House Apartments | A1-G | 1BR, 1BA | $1,772 |
| Norden Range Apartments | C4 | 3BR, 2BA | $2,712 |
Best Value Apartments for Rent in Oconomowoc, WI and Nearby
As of September 25, 2026 the best value apartment in the Oconomowoc area is the $1.70 price per square foot C3 Model at Norden Range Apartments in the Hickorywood Farms neighborhood starting from $2,812. The second greatest value Oconomowoc apartment is the W379N5686 N Lake Rd Model at W379N5686 N Lake Rd in the Hickorywood Farms neighborhood starting at $1,895 with a $1.58 price per square foot. 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. |
|---|---|---|---|
| Norden Range Apartments | C3 | 3BR, 2BA | $1.70 |
| W379N5686 N Lake Rd | W379N5686 N Lake Rd | 2BR, 2BA | $1.58 |
| Whitman Place Apartments | Two Bedroom Deluxe | 2BR, 2BA | $1.39 |
| 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 |
| The Frederick | A1 | 1BR, 1BA | $2.16 |
| Hackney House Apartments | A1-G | 1BR, 1BA | $2.44 |
| The Locklyn | Phase One - Deluxe Studio | Studio, 1BA | $2.39 |
| The Preserve at Prairie Creek | Deluxe | Studio, 1BA | $2.52 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Oconomowoc, WI
Silver Lake Intermediate School
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
How much is rent for a Cheap One Bedroom Oconomowoc Apartment?
The lowest price for a Cheap One Bedroom Oconomowoc Apartment is $1,275 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 The Locklyn and starts from $2,664.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.