
Cheap Homes for Rent in Watertown, WI from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Watertown.


437 W Mill St

320 Edward St

215 N Spring St
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.

112 Talon Pl

1214 Wisteria Ln

117 E Washington St

207 N 6th St, Unit #1 (Lower)
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

How much does it cost to rent a home in Watertown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Watertown 2 Bedroom Homes for Rent | $1,414 | $985 | $1,950 |
| Watertown 3 Bedroom Homes for Rent | $2,100 | $1,500 | $3,450 |
| Watertown 4 Bedroom Homes for Rent | $4,191 | $2,295 | $10,000+ |
| Watertown 5 Bedroom Homes for Rent | $4,688 | $3,195 | $7,200 |
Browse Top Homes for Rent in Watertown
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Watertown, WI Local Guide
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Cheapest Neighborhoods for Apartments in Watertown, WI
Pricing Updated: 06/09/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Concord Estates | $1,970 | $870 | 53 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Watertown East Apartments | Garden Style | 2BR,1BA | $870 |
| Hawthorne Senior Apartments | 1 Bedroom No Balcony Lower | 1BR,1BA | $895 |
| Oconomowoc School Apartments | 1x1-113 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lincoln Ridge | 2BR/1.5BA | 2BR,1.5BA | $1.04 |
| Pondview Apartments | 3BR/2BA | 3BR,2BA | $1.28 |
| Whitman Place Apartments | Two Bedroom Deluxe | 2BR,2BA | $1.39 |
| Tamarack Gardens-Distinctive 55+ Community | 2 Beds 1.5 Bath | 2BR,1.5BA | $1.35 |
| Parquelynn Village | Oakwood | 2BR,1BA | $1.34 |
| FALCON POINT APARTMENTS | Two Bedroom Two Bathrooms Lower | 2BR,2BA | $1.29 |
| Oconomowoc School Apartments | 1x1-113 | 1BR,1BA | $1.01 |
| Tamarack Apartment Homes | 1 Bedroom | 1BR,1BA | $1.33 |
| Knowlton Woods Apartments | Two Bedroom | 2BR,1BA | $1.34 |
| Watertown East Apartments | Garden Style | 2BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
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 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

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.

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.

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.

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.