Cheap Homes for Rent in Watertown, WI from $1,100 (11 Rentals)

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

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.

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.

Watertown, WI Local Guide

Cheapest Neighborhoods for Apartments in Watertown, WI

Pricing Updated: 04/24/2026

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$87050

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 Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. 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 Senior Apartments1 Bedroom With Balcony Upper1BR,1BA$995
Morningside Orchard Apartments1 Bedroom Apartment (Upper)1BR,1BA$1,000
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1,075
The Preserve at Prairie CreekStandardStudio,1BA$1,218

Best Value Apartments for Rent in Watertown, WI and Nearby

As of April 24, 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 2BR/1.5BA Model at Lincoln Ridge starting at $1,399 with a $1.12 price per square foot in the Stonehaven 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
Lincoln Ridge2BR/1.5BA2BR,1.5BA$1.12
Pondview Apartments3BR/2BA3BR,2BA$1.28
Rock Creek Apartments2 Bed 2 Bath 2 Car2BR,2BA$1.52
Whitman Place ApartmentsTwo Bedroom Deluxe2BR,2BA$1.39
Parquelynn VillageSummit2BR,1.5BA$1.46
Summer RidgeD32BR,2BA$1.65
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1.34
Watertown East ApartmentsGarden Style2BR,1BA$1.09
Lumin Terrace8 - Upper1BR,1BA$1.82

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

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Frequently Asked Questions about Watertown

What type of rentals are currently available in Watertown?

There are currently 73 Apartments for Rent in Watertown, WI with pricing that ranges from $519 to $5,956. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watertown ranging from $1,175 to $10,000.

What is the current price range for Rental Homes in Watertown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Watertown ranges from $1,175 to $10,000 with an average monthly rent of $2,757.

How much are larger Three and Four Bedroom Rentals in Watertown?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Watertown range from $719 to $5,291, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,598 to $3,650. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $1,001.

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.