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

Watertown, WI

As of August 2025, Watertown's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Watertown's average rent is 24.3% ($352) lower than the Wisconsin average of $1,447 and 38.8% ($695) lower than the U.S. average of $1,790.

Average Rent

$1,095

Monthly ChangeMonth Over Month Change

3.5% ($40)

Yearly ChangeYear Over Year Change

12% ($117)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$992	5.7% ($60)	40.7% ($287)
2 Beds	$1,165	0.3% ($3)	33.8% ($294)
3 Beds	$1,427	0.8% ($12)	29% ($321)

Nearby Cities	Average Rent	Avg. Rent vs. WatertownAverage Rent vs. Watertown	Avg. Days on MarketAverage Days on Market
Johnson Creek	$1,840	68% ($745)	39 days
Oconomowoc	$1,287	17.5% ($192)	40 days
Lake Mills	$1,681	53.5% ($586)	35 days
Jefferson	$1,033	5.7% ($62)	39 days
Dousman	$1,443	31.8% ($348)	37 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Watertown Rental Market FAQs

Explore rental prices, market trends, and availability in Watertown, WI.

What is the average rent in Watertown, WI?

The average rent in Watertown, WI is $1,095 per month.

What is the rental price range for apartments in Watertown, WI?

Apartments in Watertown typically rent for between $694 and $1,855 per month, with an average of $1,095 per month.

What is the average rent for different bedroom sizes in Watertown, WI?

In Watertown, the average rent for a 1-bedroom apartment is $992 per month, for a 2-bedroom apartment, $1,165 per month, and a 3-bedroom apartment is $1,427 per month.

How do rent prices in Watertown, WI compare with the national average?

The average rent in Watertown is 38.8% ($695) lower than the national average of $1,790 per month.

How have rent prices in Watertown, WI changed recently?

The average rent in Watertown has decreased by 3.5% ($40) in the last month and increased by 12.0% ($117) over the past year.

How competitive is the rental market in Watertown, WI?

The rental market in Watertown, WI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Watertown, WI?

In Watertown, WI, the average rental stays on the market for approximately 37 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Watertown, WI?

There are currently 9 rental properties available in Watertown, WI.

Can I afford to rent an apartment in Watertown, WI?

Based on the current averages, a household would need an annual income of $46,600 to comfortably afford a 2-bedroom apartment in Watertown.