Rentometer, Inc. | Data as of 10/22/2025
Oconomowoc, Wisconsin, blends small‑town charm with convenient access to the greater Milwaukee area, making its rental market especially appealing to professionals, families, and retirees alike. The city’s historic downtown, lined with boutique shops, eateries, and the scenic Oconomowoc Lake, creates a vibrant backdrop for both single‑person households and larger families seeking a tight‑knit community feel. With a mix of older character homes and modern apartment complexes, renters enjoy a variety of housing styles, from cozy studio units to spacious three‑bedroom apartments that accommodate growing households.
Rental trends in Oconomowoc reflect a balanced market: studio and one‑bedroom units typically fall within the $1300‑$1600 range, while two‑ and three‑bedroom apartments move into the $2000‑$2700 range. The city’s strong school districts, easy highway connections, and proximity to recreational amenities such as Lake Country State Trail and local golf courses further enhance its desirability. Whether you’re searching for a sleek downtown apartment, a family‑friendly house in the scenic Lakeside neighborhood, or a quiet residence near the Oconomowoc River, the area offers diverse options that meet a wide spectrum of lifestyle needs.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,364 | $1,414 | $1,232 - $1,432 | $1,275 - $1,418 |
| Apartment | 1 Bedroom | $1,559 | $1,604 | $1,100 - $1,915 | $1,394 - $1,735 |
| Apartment | 2 Bedroom | $1,998 | $1,977 | $1,049 - $3,257 | $1,625 - $2,265 |
| Apartment | 3 Bedroom | $2,712 | $2,710 | $1,145 - $3,995 | $2,313 - $3,055 |
In the current period, the average rent in Oconomowoc was
$1,364 for Studio,
$1,559 for 1 Bedroom,
$2,005 for 2 Bedroom, and
$2,628 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.