Find Homes & Apartments for Rent in Oconomowoc, WI

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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 March 2025, Oconomowoc's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Oconomowoc's average rent is 15.6% ($217) lower than the Wisconsin average of $1,389 and 34.5% ($616) lower than the U.S. average of $1,788.

Average Rent
$1,172
Monthly ChangeMonth Over Month Change
Increased0.3% ($3)
Yearly ChangeYear Over Year Change
Decreased22.6% ($342)
Avg. Days on MarketAverage Days on Market
40
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,125 No change Decreased6.7% ($81)
2 Beds $1,294 Decreased6.8% ($95) Decreased13.1% ($195)
3 Beds $1,606 Decreased9% ($158) Decreased15.1% ($285)
Nearby Cities Average Rent Avg. Rent vs. OconomowocAverage Rent vs. Oconomowoc Avg. Days on MarketAverage Days on Market
Delafield $2,214 Increased88.9% ($1042) 38 days
Hartland $1,809 Increased54.4% ($637) 42 days
Wales $1,883 Increased60.7% ($711) 39 days
Watertown $978 Decreased16.6% ($194) 37 days
Pewaukee $1,585 Increased35.2% ($413) 42 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 $1,172 per month.
Homes in Oconomowoc typically rent for between $788 and $2,088 per month, with an average of $1,172 per month.
In Oconomowoc, the average rent for a 1-bedroom home is $1,125 per month, for a 2-bedroom home, $1,294 per month, and a 3-bedroom home is $1,606 per month.
The average rent in Oconomowoc is 34.5% ($616) lower than the national average of $1,788 per month.
The average rent in Oconomowoc has increased by 0.3% ($3) in the last month and decreased by 22.6% ($342) 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 $51,760 to comfortably afford a 2-bedroom home in Oconomowoc.
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