Cheap Apartments for Rent in Watertown, WI from $400 (17 Rentals)

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

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Watertown Square
1 to 2 Bedroom Apartments

Watertown Square

150 Lakeside TerWatertown, WI 53094
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Heritage Apartments
1 to 2 Bedroom Apartments

Heritage Apartments

1199 N Fourth StWatertown, WI 53098
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WaterTown Meadows
1 to 2 Bedroom Apartments

WaterTown Meadows

801-805 Clark StWatertown, WI 53094

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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904 Fox Creek Dr
2 Bedroom Apartments

904 Fox Creek Dr

904 Fox Creek DrWatertown, WI 53098

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Watertown, WI Local Guide

Cheapest Neighborhoods for Apartments in Watertown, WI

Pricing Updated: 06/23/2025

Current apartment rentals in the Watertown, 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 Watertown Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Concord Estates$1,025$8704

Cheapest Available Watertown Apartments for Rent and Nearby

 

The cheapest available apartment rental in Watertown, WI is a 2 Beds unit found at Watertown East Apartments in the Concord Estates neighborhood priced from $870. Morningside Orchard Apartments in the Hickorywood Farms neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here is today’s list of the most affordable Watertown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Watertown East ApartmentsGarden Style2BR,1BA$870
Morningside Orchard Apartments1 Bedroom Apartment (Upper)1BR,1BA$900
405 Stark St2 bed 1 bath2BR,1BA$975
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1,000
Parquelynn VillageOakwood2BR,1BA$1,325

Best Value Apartments for Rent in Watertown, WI and Nearby

As of June 23, 2025 the best value apartment in the Watertown area is the $1.42 price per square foot 3BEDRM UPPER Model at Pondview Apartments in the in the Brookstone Meadows neighborhood starting from $1,700. The second greatest value Watertown apartment is the 2 Bed 2 Bath (1)(8) Model at The Ponds starting at $1,849 with a $1.55 price per square foot in the Whispering Woods neighborhood. Here is today’s list of the best values for Watertown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pondview Apartments3BEDRM UPPER3BR,2BA$1.42
The Ponds2 Bed 2 Bath (1)(8)2BR,2BA$1.55
River Park Apartments2 Bed, 2 Bath lower2BR,2BA$1.36
Parquelynn VillageSummit2BR,1.5BA$1.49
Summer RidgeD2M2BR,2BA$1.66
Hackney House ApartmentsA5-G1BR,1BA$2.15
Rock Creek Apartments1 Bed 1 Bath1BR,1BA$1.87
Watertown East ApartmentsGarden Style2BR,1BA$1.09
405 Stark St2 bed 1 bath2BR,1BA$1.22
Lake Country Village ApartmentsRemodeled 1B1B1BR,1BA$1.97

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Watertown, WI Rentals by Map

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Getting Around Watertown, WI

Walk Score®

40 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Watertown Apartments

What is a cheap apartment in Watertown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Watertown is under $1,500.

What is the price of a cheap apartment in Watertown?

The cheapest apartment in Watertown is Morningside Orchard Apartments which is listed at $900, while the average apartment in Watertown costs $1,025.

What types of apartments are the cheapest in Watertown?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Watertown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Watertown?

Cheap apartments in Watertown have an average cost of $758 which is $267 cheaper than the average rent for all rentals in Watertown.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.