Homes & Apartments for Rent in Oconomowoc, WI 53066

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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

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As of October 2026, Oconomowoc's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Oconomowoc's average rent is 0.1% ($1) lower than the Wisconsin average of $1,451 and 20.3% ($369) lower than the U.S. average of $1,819.

Average Rent
$1,450
Monthly ChangeMonth Over Month Change
Increased11.3% ($147)
Yearly ChangeYear Over Year Change
Increased8.9% ($118)
Avg. Days on MarketAverage Days on Market
38
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,194 Increased8.4% ($93) Increased7.1% ($79)
2 Beds $1,426 Increased9.1% ($119) Increased6.3% ($84)
3 Beds $1,826 Increased10.4% ($172) Increased7.8% ($132)
Nearby Cities Average Rent Avg. Rent vs. OconomowocAverage Rent vs. Oconomowoc Avg. Days on MarketAverage Days on Market
Delafield $2,238 Increased54.3% ($788) 38 days
Hartland $2,065 Increased42.4% ($615) 36 days
Wales $1,738 Increased19.9% ($288) 41 days
Watertown $1,246 Decreased14.1% ($204) 37 days
Pewaukee $1,379 Decreased4.9% ($71) 41 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Oconomowoc Rental Market FAQs

Explore rental prices, market conditions, and affordability in Oconomowoc, WI.

The average rent in Oconomowoc, WI is $1,450 per month.
In Oconomowoc, the average rent for a 1-bedroom home is $1,194 per month, for a 2-bedroom home, $1,426 per month, and a 3-bedroom home is $1,826 per month.
The average rent in Oconomowoc is 20.3% ($369) lower than the national average of $1,819 per month.
The rental market in Oconomowoc, WI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
Based on the current averages, a household would need an annual income of $57,040 to comfortably afford a 2-bedroom home in Oconomowoc.
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