Cheap Apartments for Rent in Watertown, WI from $400 (54 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

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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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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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.

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Lincoln Ridge
1 to 2 Bedroom Apartments

Lincoln Ridge

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

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.

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Watertown, WI Local Guide

Cheapest Neighborhoods for Apartments in Watertown, WI

Pricing Updated: 04/29/2026

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$1,980$87051

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
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1,075
Grace Manor Apts., LLC1DU1BR,1BA$1,080
The Preserve at Prairie CreekStandardStudio,1BA$1,222
Lumin Terrace8 - Upper1BR,1BA$1,235
KESTREL RIDGE3 Bed 2 Bath3BR,2BA$1,350
Lincoln Ridge2BR/1.5BA2BR,1BA$1,399
Tamarack Trails2 Bedroom Upper2BR,1BA$1,465
Hillcrest ApartmentsC1-HC - C12BR,1BA$1,475

Best Value Apartments for Rent in Watertown, WI and Nearby

As of April 29, 2026 the best value apartment in the Watertown area is the $1.04 price per square foot 3 Bed 2 Bath Model at KESTREL RIDGE in the starting from $1,350. 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.
KESTREL RIDGE3 Bed 2 Bath3BR,2BA$1.04
Pondview Apartments3BR/2BA3BR,2BA$1.28
Rock Creek Apartments2 Bed 2 Bath 2 Car2BR,2BA$1.52
The Ponds2 Bed 2 Bath (1)(8)2BR,2BA$1.42
Whitman Place ApartmentsTwo Bedroom Deluxe2BR,2BA$1.39
Parquelynn VillageSummit2BR,1.5BA$1.45
Lincoln Ridge2BR/1.0BA2BR,1BA$1.50
Watertown East ApartmentsGarden Style2BR,1BA$1.09
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1.34
Grace Manor Apts., LLC1DU1BR,1BA$1.42

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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:
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Frequently Asked Questions about Cheap Watertown Apartments

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 $1,980.

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 $1,001 which is $979 cheaper than the average rent for all rentals in Watertown.

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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.