
Cheap Homes for Rent in Oconomowoc, WI from $1,000 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Oconomowoc.


812 S 109th St

W246N6693 Champeny Ct

858 Westover St
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.

10900 W Bluemound Rd

1714 Elder St

1717 Oakdale Dr

128 Cecilia Ct
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.

W219N16241 Primrose Ct
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 | $1,771 | $1,099 | $2,810 |
| Oconomowoc 3 Bedroom Homes for Rent | $2,418 | $1,700 | $3,595 |
| Oconomowoc 4 Bedroom Homes for Rent | $5,473 | $2,895 | $10,000+ |
| Oconomowoc 5 Bedroom Homes for Rent | $9,000 | $9,000 | $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: 07/23/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Hickorywood Farms | $4,700 | $519 | 39 |
| Weston Meadows | $5,500 | $519 | 16 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Morningside Orchard Apartments | 1 Bedroom Apartment (Upper) | 1BR,1BA | $1,275 |
| Berkshire Oconomowoc Senior Apartments | Unit H | 2BR,1BA | $1,458 |
| The Locklyn | Phase Two - 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,647 |
Best Value Apartments for Rent in Oconomowoc, WI and Nearby
As of July 24, 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 THA Model at Hackney House Apartments starting at $3,292 with a $2.10 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. |
|---|---|---|---|
| Norden Range Apartments | C1-G | 3BR,2BA | $1.88 |
| Hackney House Apartments | THA | 2BR,2.5BA | $2.10 |
| The Frederick | C1 | 3BR,2BA | $1.95 |
| The Preserve at Prairie Creek | 2-Bedroom Standard | 2BR,2BA | $1.73 |
| Morningside Orchard Apartments | Furnished 2 Bedroom Apartment (Upper) | 2BR,1BA | $2.78 |
| Berkshire Oconomowoc Senior Apartments | Unit H | 2BR,1BA | $1.65 |
| The Locklyn | Phase Two - 1 Bedroom, 1 Bathroom | 1BR,1BA | $2.02 |
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 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
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 51 Apartments for Rent in Oconomowoc, WI with pricing that ranges from $519 to $7,340. There are also 34 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 $4,665.
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 $7,340, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $3,595. Four Bedroom Single-Family rentals are also available starting from $2,895 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.

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.

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.

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.