Cheap Apartments for Rent in Oconomowoc, WI from $500 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in Oconomowoc.

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.

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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.

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Edgewater Apartments
Studio to 2 Bedroom Apartments

Edgewater Apartments

231 N Fowler StOconomowoc, WI 53066
  • Utilities Included

Cash 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.

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853 Thackeray Trl
2 Bedroom Apartments

853 Thackeray Trl

853 Thackeray TrlOconomowoc, WI 53066

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.

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Showing Results 1-29, Page 1 of 1

Oconomowoc, WI Local Guide

Cheapest Neighborhoods for Apartments in Oconomowoc, WI

Pricing Updated: 06/23/2026

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$4,700$51931
Weston Meadows$5,500$51924

Cheapest Available Oconomowoc Apartments for Rent and Nearby

 

The cheapest available apartment rental in Oconomowoc, WI is a 1 Bed unit found at Oconomowoc School Apartments in the Hickorywood Farms neighborhood priced from $935. Morningside Orchard Apartments in the Hickorywood Farms neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,275. Here is today’s list of the most affordable Oconomowoc apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oconomowoc School Apartments1x1-1131BR,1BA$935
Morningside Orchard Apartments1 Bedroom Apartment (Upper)1BR,1BA$1,275
Whitman Park ApartmentsA-Den2BR,1BA$1,365
Berkshire Oconomowoc Senior ApartmentsUnit H2BR,1BA$1,458
The Preserve at Prairie Creek1-Bedroom Deluxe1BR,1BA$1,519
Whitman Place ApartmentsTwo Bedroom Deluxe2BR,2BA$1,595
Hackney House ApartmentsA11BR,1BA$1,609
THE GATEWAY2 Bedrooms 2 Bathrooms Collins2BR,2BA$2,035
The LocklynPhase One - 2 Bedroom, 2 Bathroom with Garage2BR,2BA$2,348

Best Value Apartments for Rent in Oconomowoc, WI and Nearby

As of June 23, 2026 the best value apartment in the Oconomowoc area is the $1.91 price per square foot C2-G Model at Norden Range Apartments in the in the Hickorywood Farms neighborhood starting from $2,994. The second greatest value Oconomowoc apartment is the Two Bedroom Deluxe Model at Whitman Place Apartments starting at $1,595 with a $1.39 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.
Norden Range ApartmentsC2-G3BR,2BA$1.91
Whitman Place ApartmentsTwo Bedroom Deluxe2BR,2BA$1.39
The LocklynPhase One - 2 Bedroom, 2 Bathroom with Garage2BR,2BA$2.06
THE GATEWAY2 Bedrooms 2 Bathrooms Collins2BR,2BA$1.82
Whitman Park ApartmentsA-Den2BR,1BA$1.35
863 S Silver Lake St, Unit Lower unit863 S Silver Lake St3BR,1BA$2.11
Oconomowoc School Apartments1x1-1131BR,1BA$1.01
Berkshire Oconomowoc Senior ApartmentsUnit H2BR,1BA$1.65
The Preserve at Prairie Creek1-Bedroom Deluxe with Garage1BR,1BA$1.95
Hackney House ApartmentsA11BR,1BA$2.23

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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Real 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.

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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.

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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

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See the most popular apartments and homes in Oconomowoc, WI

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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 $935 at Oconomowoc School 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 $1,365 at Whitman Park 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 $2,670.

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.