Cheap Apartments for Rent in Watertown, WI from $400 (29 Rentals)

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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
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WaterTown Meadows
1 to 2 Bedroom Apartments

WaterTown Meadows

801-805 Clark StWatertown, WI 53094

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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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.

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.

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405 Stark St
2 Bedroom Apartments

405 Stark St

405 Stark StBeaver Dam, WI 53916
  • Utilities Included
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Lincoln Ridge
1 to 2 Bedroom Apartments

Lincoln Ridge

906 S Lincoln AveBeaver Dam, WI 53916
Senior Living
  • Utilities Included

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.

Watertown, WI Local Guide

Cheapest Neighborhoods for Apartments in Watertown, WI

Pricing Updated: 11/12/2025

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$1,400$8706

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 $1,000. 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$1,000
River Mill Senior Residences1x11BR,1BA$1,024
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1,025
Monroe Street Apartments3x2 Small3BR,2BA$1,150
KESTREL RIDGE2 Bed 1 Bath2BR,1BA$1,150
MEADOWVIEW APARTMENTS2 Bedroom 1 Bathroom - Upper2BR,1BA$1,169
Tamarack Trails1 Bedroom Lower1BR,1BA$1,195
Hillcrest ApartmentsB11BR,1BA$1,200
The Preserve at Prairie CreekStandardStudio,1BA$1,238

Best Value Apartments for Rent in Watertown, WI and Nearby

As of November 12, 2025 the best value apartment in the Watertown area is the $1.36 price per square foot 3BR/2BA Model at Pondview Apartments in the in the Brookstone Meadows neighborhood starting from $1,700. The second greatest value Watertown apartment is the 3x2 Small Model at Monroe Street Apartments starting at $1,150 with a $0.95 price per square foot . 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 Apartments3BR/2BA3BR,2BA$1.36
Monroe Street Apartments3x2 Small3BR,2BA$0.95
Whitman Place ApartmentsTwo Bedroom Deluxe2BR,2BA$1.30
Tamarack Gardens-Distinctive 55+ Community2 Beds 1.5 Bath2BR,1.5BA$1.35
The Preserve Apartments2 Bed 2 Bath Upper 1 Car Attached Garage (8)(12)2BR,2BA$1.34
KESTREL RIDGE2 Bed 1 Bath2BR,1BA$1.05
MEADOWVIEW APARTMENTS2 Bedroom 1 Bathroom - Upper2BR,1BA$1.06
Watertown East ApartmentsGarden Style2BR,1BA$1.09
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1.28
River Mill Senior Residences1x11BR,1BA$1.37

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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.

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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.

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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 $1,238.

What is the price of a cheap apartment in Watertown?

The cheapest apartment in Watertown is Morningside Orchard Apartments which is listed at $1,000, while the average apartment in Watertown costs $1,400.

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 $703 which is $697 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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.