Apartments for Rent in Oconomowoc, WI

Prices and availability in Oconomowoc, WI were last updated on 7 Sep 2026.

The best apartments in Oconomowoc, WI are: Timberveil Residences, The Locklyn, The Preserve at Prairie Creek, Lake Country Village 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 $1,362 and $1,776.

The price range for a 1-bedroom apartment in Oconomowoc, WI is between $1,557 and $2,211.

The price range for a 2-bedroom apartment in Oconomowoc, WI is between $1,670 and $2,650.

The price range for a 3-bedroom apartment in Oconomowoc, WI is between $1,670 and $3,039.

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 age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Oconomowoc are about 16 years old, on average. Of these, 76% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 96% of the rental communities here are low-rise, garden-style communities, 4% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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.