Cheap Apartments for Rent in Watertown, WI from $400 (27 Rentals)

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

property at 902 N 2nd St

902 N 2nd St

WatertownWI53098
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Watertown Square
1 to 3 Bedroom Apartments

Watertown Square

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

Heritage Apartments

1199 N Fourth StWatertown, WI 53098
  • Utilities Included

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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WaterTown Meadows
1 to 2 Bedroom Apartments

WaterTown Meadows

801-805 Clark StWatertown, WI 53094
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904 Fox Creek Dr
2 Bedroom Apartments

904 Fox Creek Dr

904 Fox Creek DrWatertown, WI 53098

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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Audubon Park Landing
1 to 2 Bedroom Apartments

Audubon Park Landing

201 Air Park DrWatertown, WI 53094
  • Utilities Included

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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.

Watertown, WI Local Guide

Cheapest Neighborhoods for Apartments in Watertown, WI

Pricing Updated: 09/14/2025

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$1,001$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. Oconomowoc School Apartments in the Hickorywood Farms neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $882. Here is today’s list of the most affordable Watertown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Watertown East ApartmentsGarden Style2BR,1BA$870
Oconomowoc School Apartments1x1-1171BR,1BA$882
405 Stark St2 bed 1 bath2BR,1BA$975
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1,025
Washington Manor Apartments2 bedroom 1 bathroom-2 car attached garage2BR,1BA$1,094
Morningside Orchard Apartments1 Bedroom Apartment (Upper)1BR,1BA$1,100
KESTREL RIDGE2 Bed 1 Bath2BR,1BA$1,150
Pondview Apartments2 BR/ 1 BA2BR,1BA$1,250
The Preserve at Prairie CreekDeluxeStudio,1BA$1,253
Tamarack Trails1 Bedroom Upper1BR,1BA$1,295

Best Value Apartments for Rent in Watertown, WI and Nearby

As of September 14, 2025 the best value apartment in the Watertown area is the $0.96 price per square foot 3 Bedroom, 2.5 Bathroom Loft Model at River Park Apartments in the in the Hickorywood Farms neighborhood starting from $1,830. The second greatest value Watertown apartment is the 3BR/2BA Model at Pondview Apartments starting at $1,700 with a $1.36 price per square foot in the Brookstone Meadows 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.
River Park Apartments3 Bedroom, 2.5 Bathroom Loft3BR,2.5BA$0.96
Pondview Apartments3BR/2BA3BR,2BA$1.36
Whitman Place ApartmentsTwo Bedroom Deluxe2BR,2BA$1.36
KESTREL RIDGE2 Bed 1 Bath2BR,1BA$1.05
Parquelynn VillageOakwood2BR,1BA$1.25
Lincoln Ridge2BR/1.0BA2BR,1BA$1.30
Watertown East ApartmentsGarden Style2BR,1BA$1.09
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1.28
405 Stark St2 bed 1 bath2BR,1BA$1.22
Oconomowoc School Apartments1x1-1171BR,1BA$1.20

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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 $1,295.

What is the price of a cheap apartment in Watertown?

The cheapest apartment in Watertown is Oconomowoc School Apartments which is listed at $882, while the average apartment in Watertown costs $1,001.

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 $806 which is $195 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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.