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Okauchee Lake, WI Homes for Rent

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    $1,895 Per Month

    • 2 Beds
    • 1 Bath
    • 1,600 Sq Ft
    • Condo for Rent

    N53W34396 Rd Q Unit N53W34394 RD Q, Okauchee Lake, WI 53069

    Property Id: 2514577Large Lower Flat Available for Immediate OccupancySlate tile flooring in large Open Concept Dining room/Living RoomFeaturing a woodburning NATURAL FIREPLACE(2) Large BedroomsNice, Updated Bathroom with Marble TileKitchen w/ SS Appliances and breakfast barPrivate Patio Space Facing the Lake!LIVE ON ONE OF THE BEST

    (262) 235-7437

    N53W34396 Rd Q Unit N53W34394 RD Q, Okauchee Lake, WI 53069
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    $4,700 Per Month

    • 4 Beds
    • 3 Baths
    • 1,892 Sq Ft
    • House for Rent

    N64W35061 Road J, Oconomowoc, WI 53066

    Live the dream lake lifestyle with a fantastic opportunity to rent a fully furnished home on Okauchee Lake. Not looking long term - short term rentals are allowed. This single-family home offers almost 2,000 square feet of living space, including a great room with fireplace that opens to the kitchen and dining area. There are three bedrooms on the main floor, including a primary suite complete

    Jane DiChristopher Mahler Sotheby's International Realty

    N64W35061 Road J, Oconomowoc, WI 53066
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    $2,395 Per Month

    • 3 Beds
    • 1 Bath
    • 1,300 Sq Ft
    • House for Rent

    N55W34691 Lake Dr, Oconomowoc, WI 53066

    Charming 3 bedroom house on Okauchee Lake: Available May 1st! Bright and updated home with west facing frontage. Primary bedroom is on the main floor along with the living room, updated kitchen, 2nd bedroom, and updated bath with laundry. Large loft bedroom in the upper would fit multiple beds. The house is nicely updated. Bright and updated home with west facing frontage. Primary bedroom is

    N55W34691 Lake Dr, Oconomowoc, WI 53066
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    $1,900 Per Month

    • 2 Beds
    • 1 Bath
    • Quaint 2 bedroom, plus den, 1 bath on Okauchee Lake Appliances included: Microwave, Stove, Refrig...

    W354N5182 River Rd, Oconomowoc, WI 53066

    Charming lake living awaits! Quaint and cozy 2-bedroom, 1-bath, single family home plus den located on beautiful Okauchee Lake. Enjoy stunning surroundings and lake life at its best with a boat slip included in the rent — perfect for boating, fishing, or simply relaxing on the water all summer long. (You cannot rent out the boat slip)This inviting home offers a comfortable layout with an

    W354N5182 River Rd, Oconomowoc, WI 53066
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    $2,850 Per Month

    • 2 Beds
    • 3 Baths
    • 1,500 Sq Ft
    • Townhouse for Rent

    N55W34577 Road E, Oconomowoc, WI 53066

    Charming 2/3 bedroom house on Okauchee Lake: Available May 1st! Welcome to your tranquil lakeside retreat! Nestled along the picturesque shores of Okauchee Lake, this charming newly renovated 2/3 bedroom House offers a serene escape from the hustle and bustle of daily life. There are 3 levels. Top level has a spacious bedroom with one full bath and one half bath. Main level has an open

    N55W34577 Road E, Oconomowoc, WI 53066

Why Live in Okauchee Lake

Okauchee Lake is a waterside community in Wisconsin’s Lake Country, known for its recreational activities and scenic beauty. The 1,200-acre lake features private and public access points, boat launches, and is popular for swimming, fishing, and water sports. The Okauchee Lake Yacht Club hosts sailing races and social events. Nearby lakes include Oconomowoc Lake, Upper Nemahbin Lake, and Pine Lake. Nashotah Park, located on the eastern edge, offers miles of walking and hiking trails, while the private Oconomowoc Golf Club provides a historic golfing experience. Downtown Oconomowoc, just 3 miles west, hosts various events. Housing options range from New Traditional and split-level homes to custom contemporary builds and estates along the lake, with condos also available. Flood maps indicate a low risk of flooding near the lake. Students have access to highly rated schools including Meadow View Elementary, Stone Bank Elementary, Nature Hill Intermediate School, Arrowhead High School, and Oconomowoc High School. Dining options include the Golden Mast Inn, Smoke on the Water BBQ, and Bryant's on the Round, with shopping available at Piggly Wiggly, Aldi, and Sendick’s. The Aurora Medical Center is 6 miles south. State Highway 16 and Interstate 94 provide connectivity, with Milwaukee Mitchell International Airport 37 miles east.

Frequently Asked Questions

How much does it cost to rent a home in Okauchee Lake, WI?
The median rent for a home in Okauchee Lake, WI is $1,895 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Okauchee Lake, WI?
To comfortably afford the median rent in Okauchee Lake, WI, a household needs to earn roughly $75,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,895 per month in Okauchee Lake, WI, renters typically need to show $5,685 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Okauchee Lake, WI?
In Okauchee Lake, WI, the price-to-rent ratio is 78.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Okauchee Lake, WI

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$1,895
Median Condo Rent
$1,895
How to Rent a Home