Cheap Apartments for Rent in Watertown, WI from $400 (32 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 2 Bedroom Apartments

Watertown Square

150 Lakeside TerWatertown, WI 53094
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Heritage Apartments
1 to 2 Bedroom Apartments

Heritage Apartments

1199 N Fourth StWatertown, WI 53098
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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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Audubon Park Landing
1 to 2 Bedroom Apartments

Audubon Park Landing

201 Air Park DrWatertown, WI 53094
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405 Stark St
2 Bedroom Apartments

405 Stark St

405 Stark StBeaver Dam, WI 53916
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Showing Results 1-32, Page 1 of 1

Watertown, WI Local Guide

Cheapest Neighborhoods for Apartments in Watertown, WI

Pricing Updated: 03/26/2025

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$1,001$75063

Cheapest Available Watertown Apartments for Rent and Nearby

 

The cheapest available apartment rental in Watertown, WI is a 1 Bed unit found at Hawthorne Senior Apartments priced from $845. Watertown East Apartments in the Concord Estates neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $870. Here is today’s list of the most affordable Watertown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hawthorne Senior Apartments1 Bedroom No Balcony Upper1BR,1BA$845
Watertown East ApartmentsGarden Style2BR,1BA$870
Morningside Orchard Apartments1 Bedroom Apartment (Upper)1BR,1BA$900
Washington Heights Apartments1 bedroom/ 1 bathroom2BR,1BA$913
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$975
Oconomowoc School Apartments2 BD/1 BA: 50% & 60% Median County Income2BR,1BA$1,049
Tamarack Trails1 Bedroom Lower1BR,1BA$1,295
Lincoln Ridge2BR/1.5BA2BR,1BA$1,299
The Preserve at Prairie CreekDeluxeStudio,1BA$1,323
The Ponds1 Bed 1 Bath1BR,1BA$1,449

Best Value Apartments for Rent in Watertown, WI and Nearby

As of March 26, 2025 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 3 BR UPPER Model at Pondview Apartments starting at $1,750 with a $1.40 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 Apartments3 BR UPPER3BR,2BA$1.40
The Ponds2 Bed 2 Bath2BR,2BA$1.55
THE GATEWAY2 Bedrooms 2 Bathrooms Collins2BR,2BA$1.61
Summer RidgeD2M2BR,2BA$1.66
Parquelynn VillageOakwood2BR,1BA$1.46
Oconomowoc School Apartments2 BD/1 BA: 50% & 60% Median County Income2BR,1BA$0.98
Morningside Orchard ApartmentsFurnished 2 Bedroom Apartment (Upper)2BR,1BA$2.22
Watertown East ApartmentsGarden Style2BR,1BA$1.09
Hawthorne Senior Apartments1 Bedroom No Balcony Upper1BR,1BA$1.20

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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!

Explore Watertown, WI Rentals by Map

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See the most popular apartments and homes in Watertown, WI

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Getting Around Watertown, WI

Walk Score®

40 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Watertown Apartments

What is a cheap apartment in Watertown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Watertown is under $1,449.

What is the price of a cheap apartment in Watertown?

The cheapest apartment in Watertown is Hawthorne Senior Apartments which is listed at $845, while the average apartment in Watertown costs $1,001.

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 60 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 $951 which is $50 cheaper than the average rent for all rentals in Watertown.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.