Cheap Homes for Rent in Watertown, WI from $700 (8 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: 06/09/2026

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$87053

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 $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 Senior Apartments1 Bedroom No Balcony Lower1BR,1BA$895
Oconomowoc School Apartments1x1-1131BR,1BA$935

Best Value Apartments for Rent in Watertown, WI and Nearby

As of June 09, 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
Whitman Place ApartmentsTwo Bedroom Deluxe2BR,2BA$1.39
Tamarack Gardens-Distinctive 55+ Community2 Beds 1.5 Bath2BR,1.5BA$1.35
Parquelynn VillageOakwood2BR,1BA$1.34
FALCON POINT APARTMENTSTwo Bedroom Two Bathrooms Lower2BR,2BA$1.29
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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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 74 Apartments for Rent in Watertown, WI with pricing that ranges from $519 to $6,339. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watertown ranging from $725 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 $725 to $10,000 with an average monthly rent of $2,442.

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 $3,795, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $3,450. Four Bedroom Single-Family rentals are also available starting from $2,295 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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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.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.