Cheap Apartments for Rent in Oconomowoc, WI from $500 (25 Rentals)

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

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.

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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.

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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.

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Edgewater Apartments
Studio to 2 Bedroom Apartments

Edgewater Apartments

231 N Fowler StOconomowoc, WI 53066
  • Utilities Included

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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Oconomowoc, WI Local Guide

Cheapest Neighborhoods for Apartments in Oconomowoc, WI

Pricing Updated: 08/07/2026

Current apartment rentals in the Oconomowoc, WI area range in price from $519 to $6,810 with an overall median price of $1,858. Here is today’s list neighborhoods with the lowest median pricing for Oconomowoc Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Weston Meadows$1,297$51913
Hickorywood Farms$2,050$51938

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. Berkshire Oconomowoc Senior Apartments in the Hickorywood Farms neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,458. 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$1,275
Berkshire Oconomowoc Senior ApartmentsUnit H2BR,1BA$1,458
Hackney House ApartmentsA1-G1BR,1BA$1,889
The FrederickB32BR,2BA$2,175
The LocklynPhase One - 3 Bedroom, 2 Bathroom with Garage3BR,2BA$2,542

Best Value Apartments for Rent in Oconomowoc, WI and Nearby

As of August 07, 2026 the best value apartment in the Oconomowoc area is the $1.88 price per square foot C1-G Model at Norden Range Apartments in the in the Hickorywood Farms neighborhood starting from $2,949. The second greatest value Oconomowoc apartment is the C1 Model at The Frederick starting at $2,795 with a $1.95 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 ApartmentsC1-G3BR,2BA$1.88
The FrederickC13BR,2BA$1.95
The LocklynPhase One - 3 Bedroom, 2 Bathroom with Garage3BR,2BA$1.88
Morningside Orchard ApartmentsFurnished 2 Bedroom Apartment (Upper)2BR,1BA$2.78
Berkshire Oconomowoc Senior ApartmentsUnit H2BR,1BA$1.65
Hackney House ApartmentsA1-G1BR,1BA$2.61

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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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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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 $2,542.

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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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.