The Frederick
1600 Town Centre Way,
Oconomowoc, WI 53066
Studio - 3 Beds | $1,420 - $3,075
Rental Market Trends in Oconomowoc, WI
Updated July 2026
The average rent in Oconomowoc, WI is $1,499/month.
Rent in Oconomowoc is roughly equal to the national average rent of of $1,662/month.
$1,499/month
Average Rent
775 Sq Ft
Average Size
+1.8%
Change / Year
388
Available Apartments
Oconomowoc rent varies by unit size and layout:
- Studio apartments in Oconomowoc average $1,313 per month.
- One-bedroom apartments in Oconomowoc average $1,499 per month.
- Two-bedroom apartments in Oconomowoc average $1,977 per month.
- Three-bedroom apartments in Oconomowoc average $2,448 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Oconomowoc, WI?
In the past year, rent has increased by 1.8%, which averages out to $28 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Oconomowoc, WI
July 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
6%
Below $700/month
11%
$700 - $1,000/month
17%
$1,001 - $1,500/month
28%
$1,501 - $2,000/month
39%
Above $2,000/month
What salary do I need to live comfortably in Oconomowoc, WI?
Because the average rent in Oconomowoc is $1,499, you’ll want to make about $4,996 per month or $59,952 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Oconomowoc, WI compare to other nearby cities and neighborhoods?
Use the tool below to compare Oconomowoc, WI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Oconomowoc Area GuideApartment Communities in Oconomowoc We Think You'll Love
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in Oconomowoc?
The average rent in Oconomowoc is $1,499 per month, which is 9.8% lower than the national average of $1,662.
Are rents going up or down in Oconomowoc?
Rents in Oconomowoc, WI are increasing, with prices up 1.8% year-over-year and $28 more per month.
What rent range is most common in Oconomowoc?
In Oconomowoc, WI, 39% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.