Cheap Apartments for Rent in Watertown, WI from $400 (49 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 3 Bedroom Apartments

Watertown Square

150 Lakeside TerWatertown, WI 53094
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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
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904 Fox Creek Dr
2 Bedroom Apartments

904 Fox Creek Dr

904 Fox Creek DrWatertown, WI 53098
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1424 E Main St
1 to 2 Bedroom Apartments

1424 E Main St

1424 E Main 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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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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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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405 Stark St
2 Bedroom Apartments

405 Stark St

405 Stark StBeaver Dam, WI 53916
  • Utilities Included
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Browns Court
1 to 2 Bedroom Apartments

Browns Court

400 Browns CtLake Mills, WI 53551
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Lincoln Ridge
1 to 2 Bedroom Apartments

Lincoln Ridge

906 S Lincoln AveBeaver Dam, WI 53916
Senior Living
  • Utilities Included
Showing Results 1-49, Page 1 of 1

Watertown, WI Local Guide

Cheapest Neighborhoods for Apartments in Watertown, WI

Pricing Updated: 06/13/2026

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$1,970$87052

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. Hawthorne Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Watertown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Watertown East ApartmentsGarden Style2BR,1BA$870
Hawthorne Apartments1 Bedroom No Balcony Lower1BR,1BA$895
Oconomowoc School Apartments1x1-1131BR,1BA$935
Morningside Orchard Apartments1 Bedroom Apartment (Upper)1BR,1BA$1,000
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1,075
Hillcrest ApartmentsB1-HC - B11BR,1BA$1,200
Tamarack Apartment Homes1 Bedroom1BR,1BA$1,200
Lumin Terrace8 - Upper1BR,1BA$1,235
The Preserve at Prairie CreekStandardStudio,1BA$1,270
Lincoln Ridge2BR/1.5BA2BR,1BA$1,299

Best Value Apartments for Rent in Watertown, WI and Nearby

As of June 13, 2026 the best value apartment in the Watertown area is the $1.04 price per square foot 2BR/1.5BA Model at Lincoln Ridge in the in the Stonehaven neighborhood starting from $1,299. The second greatest value Watertown apartment is the 3BR/2BA Model at Pondview Apartments starting at $1,600 with a $1.28 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.
Lincoln Ridge2BR/1.5BA2BR,1.5BA$1.04
Pondview Apartments3BR/2BA3BR,2BA$1.28
Rock Creek Apartments2 Bed 2 Bath.2BR,2BA$1.24
Whitman Place ApartmentsTwo Bedroom Deluxe2BR,2BA$1.39
Tamarack Gardens-Distinctive 55+ Community2 Beds 1.5 Bath2BR,1.5BA$1.35
Parquelynn VillageSummit2BR,1.5BA$1.34
Oconomowoc School Apartments1x1-1131BR,1BA$1.01
Tamarack Apartment Homes1 Bedroom1BR,1BA$1.33
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1.34
Watertown East ApartmentsGarden Style2BR,1BA$1.09

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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Real 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.

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Quick 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.

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Best Local Schools in
Watertown, WI

School data provided by Great Schools

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

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Frequently Asked Questions about Cheap Watertown Apartments

How much is rent for a Cheap One Bedroom Watertown Apartment?

The lowest price for a Cheap One Bedroom Watertown Apartment is $895 at Hawthorne Apartments.

What is the lowest price for a Cheap Two Bedroom Watertown Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Watertown is starting from $870 at Watertown East Apartments.

What is the most affordable Watertown Three Bedroom Apartment?

The best deal on a cheap Watertown Three Bedroom Apartment rental is at Watertown East Apartments and starts from $984.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.