
Cheap Homes for Rent near Oconomowoc, WI from $1,099 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Oconomowoc.


113 E Milwaukee St

8842 N 95th St
Rent According to Income: A Look at Income-Restricted Rentals
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8120 W Herbert Ave

W246N6693 Champeny Ct

1967 S 93rd St
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1717 Oakdale Dr
Oconomowoc, WI Local Guide

How much does it cost to rent a home in Oconomowoc?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oconomowoc 2 Bedroom Homes for Rent | $1,336 | $1,099 | $1,800 |
| Oconomowoc 3 Bedroom Homes for Rent | $2,351 | $1,495 | $4,100 |
| Oconomowoc 4 Bedroom Homes for Rent | $4,125 | $2,700 | $10,000+ |
| Oconomowoc 5 Bedroom Homes for Rent | $6,737 | $4,475 | $9,000 |
Browse Top Homes for Rent in Oconomowoc
Explore Oconomowoc
Oconomowoc, WI Local Guide
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Cheapest Neighborhoods for Apartments in Oconomowoc, WI
Pricing Updated: 09/07/2026Current apartment rentals in the Oconomowoc, WI area range in price from $519 to $6,637 with an overall median price of $1,748. 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 | $1,362 | $519 | 16 |
| Hickorywood Farms | $1,895 | $519 | 42 |
Cheapest Available Oconomowoc Apartments for Rent and Nearby
 The cheapest available apartment rental in Oconomowoc, WI is a 2 Beds unit found at Whitman Park Apartments in the Hickorywood Farms neighborhood priced from $1,265. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Whitman Park Apartments | A-Den | 2BR,1BA | $1,265 |
| Morningside Orchard Apartments | 1 Bedroom Apartment (Upper) | 1BR,1BA | $1,275 |
| The Locklyn | Phase One - Deluxe Studio | Studio,1BA | $1,391 |
Best Value Apartments for Rent in Oconomowoc, WI and Nearby
As of September 07, 2026 the best value apartment in the Oconomowoc area is the $1.58 price per square foot W379N5686 N Lake Rd Model at W379N5686 N Lake Rd in the in the Hickorywood Farms neighborhood starting from $1,895. The second greatest value Oconomowoc apartment is the 2-Bedroom Standard with Garage Model at The Preserve at Prairie Creek starting at $2,193 with a $1.91 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| W379N5686 N Lake Rd | W379N5686 N Lake Rd | 2BR,2BA | $1.58 |
| The Preserve at Prairie Creek | 2-Bedroom Standard with Garage | 2BR,2BA | $1.91 |
| Whitman Park Apartments | A-Den | 2BR,1BA | $1.25 |
| 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 |
| The Locklyn | Phase One - 1 Bedroom, 1 Bathroom with Garage | 1BR,1BA | $2.40 |
| Hackney House Apartments | A1-G | 1BR,1BA | $2.60 |
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 Oconomowoc
What type of rentals are currently available in Oconomowoc?
There are currently 52 Apartments for Rent in Oconomowoc, WI with pricing that ranges from $519 to $6,637. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oconomowoc ranging from $1,099 to $10,000.
What is the current price range for Rental Homes in Oconomowoc?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Oconomowoc ranges from $1,099 to $10,000 with an average monthly rent of $2,894.
How much are larger Three and Four Bedroom Rentals in Oconomowoc?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Oconomowoc range from $822 to $6,637, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $4,100. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $4,650.
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.

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.

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.