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How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Oconomowoc & Beyond
Oconomowoc shares many of the great qualities that make Wisconsin a desirable place to live.
Wisconsin, known for its picturesque landscapes, vibrant cities, and fascinating history, is a true gem of the Midwest. Discover Wisconsin's rich heritage by visiting its state-of-the-art museums, such as the Wisconsin Historical Museum in Madison or the Milwaukee Public Museum, or enroll in prestigious universities like the University of Wisconsin-Madison, Marquette University, and the University of Wisconsin-Milwaukee. The industries of manufacturing, agriculture, and tourism have built a robust economy in Wisconsin.
Combined with its diverse geography, it offers endless opportunities for outdoor enthusiasts to explore the state's stunning natural beauty. Enjoy fishing in the Great Lakes, skiing in its scenic mountains, or hiking in the picturesque Kettle Moraine State Forest. Cheer for the Green Bay Packers (NFL) and the Milwaukee Bucks (NBA), or take a scenic drive through the charming towns and countryside. And make sure to take advantage of famous attractions like Lambeau Field, Ice Age National Scientific Reserve, and the Wisconsin Dells.
Experience the best of both worlds with Wisconsin's unique blend of outdoor recreation and thriving economy, making it a great place to live.
Rental Market Trends
Oconomowoc, WI
As of June 2026, Oconomowoc's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Oconomowoc's average rent is 11.8% ($169) higher than the Wisconsin average of $1,437 and 10.6% ($191) lower than the U.S. average of $1,797.
Average Rent
$1,606
Monthly ChangeMonth Over Month Change
3.8% ($59)
Yearly ChangeYear Over Year Change
9.2% ($135)
Avg. Days on MarketAverage Days on Market
40
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,363 | 5.3% ($68) | 8.1% ($102) |
| 2 Beds | $1,651 | 14.7% ($212) | 8.8% ($133) |
| 3 Beds | $2,048 | 11.7% ($214) | 8.6% ($162) |
| Nearby Cities | Average Rent | Avg. Rent vs. OconomowocAverage Rent vs. Oconomowoc | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Delafield | $2,125 | 32.3% ($519) | 38 days |
| Hartland | $1,831 | 14% ($225) | 42 days |
| Watertown | $1,272 | 20.8% ($334) | 37 days |
| Pewaukee | $1,409 | 12.3% ($197) | 42 days |
| Johnson Creek | $1,817 | 13.1% ($211) | 39 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Oconomowoc Rental Market FAQs
Explore rental prices, market trends, and availability in Oconomowoc, WI.
The average rent in Oconomowoc, WI is $1,606 per month.
Homes in Oconomowoc typically rent for between $954 and $2,662 per month, with an average of $1,606 per month.
In Oconomowoc, the average rent for a 1-bedroom home is $1,363 per month, for a 2-bedroom home, $1,651 per month, and a 3-bedroom home is $2,048 per month.
The average rent in Oconomowoc is 10.6% ($191) lower than the national average of $1,797 per month.
The average rent in Oconomowoc has increased by 3.8% ($59) in the last month and increased by 9.2% ($135) over the past year.
The rental market in Oconomowoc, WI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Oconomowoc, WI, the average rental stays on the market for approximately 40 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 7 rental properties available in Oconomowoc, WI.
Based on the current averages, a household would need an annual income of $66,040 to comfortably afford a 2-bedroom home in Oconomowoc.
