Apartments for Rent in Oconomowoc, WI

Prices and availability in Oconomowoc, WI were last updated on 15 Jul 2026.

The best apartments in Oconomowoc, WI are: The Locklyn, The Preserve at Prairie Creek, Lake Country Village Apartments, The Locklyn Apartments and THE GATEWAY.

The average rent in Oconomowoc, WI is $1,856.

The price range for a studio apartment in Oconomowoc, WI is between $1,464 and $2,488.

The price range for a 1-bedroom apartment in Oconomowoc, WI is between $1,465 and $2,046.

The price range for a 2-bedroom apartment in Oconomowoc, WI is between $1,648 and $2,488.

The price range for a 3-bedroom apartment in Oconomowoc, WI is between $1,468 and $2,633.

In Oconomowoc, 31% of the residents are renting compared to 69% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 27% of Oconomowoc's rentals, 66% are small-scale complexes with under 50 units, and 8% are single-family rentals.

The average age of rental buildings in Oconomowoc is 16 years old, with 76% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 96% are garden-style apartment communities, 4% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Oconomowoc come in a range of sizes and floorplans. Studio apartments represent 3% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 44% of the total apartments in the city, while 2-bedroom floorplans represent around 45% of all rentals in Oconomowoc. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.