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Watertown, WI Homes for Rent

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  • /14

    Starting at $1,590 Per Month

    • 2 - 3 Beds

    701-711 Johnson St, Watertown, WI 53094

    LUMIN TERRACE IS OPEN! CALL TO SCHEDULE A TOUR TODAY! Lumin Terrace offers beautiful one-, two-, and three-bedroom apartments in the newly developed Rock Ridge Neighborhood in Watertown, Wisconsin. Each spacious apartment features in-unit laundry and modern finishes, including stainless steel appliances, LVP flooring in common areas, carpeted bedrooms, and abundant windows. Select units have

    Lumin Terrace

    701-711 Johnson St, Watertown, WI 53094
  • /4

    Starting at $1,370 Per Month

    • 2 Beds

    201 Air Park Dr, Watertown, WI 53094

    Audubon Park Landing, LLC

    201 Air Park Dr, Watertown, WI 53094
  • /2

    Starting at $1,400 Per Month

    • 2 Beds

    300-318 Lauren Ln, Watertown, WI 53094

    Audubon East

    300-318 Lauren Ln, Watertown, WI 53094
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    Starting at $1,205 Per Month

    • 1 - 2 Beds

    1348 N 4th St, Watertown, WI 53098

    Watertown Park Apartments, LLC

    1348 N 4th St, Watertown, WI 53098
  • /23

    Starting at $1,045 Per Month

    • 1 Bed

    201 Air Park Dr, Watertown, WI 53094

    Audubon Park Apartments, LP

    201 Air Park Dr, Watertown, WI 53094
  • /20

    Starting at $25 Per Month

    • 2 - 4 Beds

    1153 Boughton St, Watertown, WI 53094

    Low income family apartment community. Two bedroom and Three bedroom and Four Bedroom Townhouse units with basements.Rent based on 30% of tenants income.. HUD provides a utility allowance to cover the average monthly utility bill.Playgrounds for the children.

    Watertown East Apartments

    1153 Boughton St, Watertown, WI 53094
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    Starting at $1,095 Per Month

    • 1 - 2 Beds

    1023 W Main St, Watertown, WI 53094

    Welcome home to Hillcrest Apartments.

    Hillcrest Apartments

    1023 W Main St, Watertown, WI 53094
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    $1,150 Per Month

    • 2 Beds
    • 1 Bath
    • 730 Sq Ft
    • Condo for Rent

    1062 Perry St Unit perry 3, Watertown, WI 53098

    Property Id: 2807530 Two bedroom upper apartment. Dine in kitchen, Large living room, bathroom with a tub with shower. Garage with opener. Coin laundry in basement, also storage cage in basement. Close to park and schools. Freshly painted and new LVP flooring, Clean.

    1062 Perry St Unit perry 3, Watertown, WI 53098
  • /9

    $1,450 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    602-604-604 S 9th St Unit 602, Watertown, WI 53094

    Property Id: 1867169 Enjoy modern comforts in a classic setting with this beautifully updated 2-bedroom apartment located in a friendly, quiet fourplex. Situated just minutes from the vibrant energy of Main Street, this unit perfectly balances a peaceful home environment with easy access to shopping, dining, and entertainment. Rental Details Monthly Rent: $1,450 Security

    602-604-604 S 9th St Unit 602, Watertown, WI 53094
  • /2

    $1,000 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    520 Humboldt St Unit D, Watertown, WI 53094

    Property Id: 2801361 This charming 2 bed, 1 bath unit is available for rent starting 08/15/2026. Nice and calm neighborhood, nice one Bedroom and one Bath in Duplex with laminate and Carpet flooring, fresh paint, appliances and in unit washer and dryer, this pet friendly space is perfect for you. Rent provides a spacious Livingroom, a kitchen with a nice dining area, designated

    520 Humboldt St Unit D, Watertown, WI 53094
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    $1,900

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 2,200 Sq Ft
    • Condo for Rent

    1031 Richards Ave Unit Condo w/ mother-n-law suite, Watertown, WI 53094

    Spacious 2200 Sq. Ft. Condo with Private In-Law Suite multi generational living This unique condo offers approximately 2200 square feet of living space with a versatile floor plan ideal for multi-generational living, guests, or a home office setup.The main upper level features 2 bedrooms, 1.5 bathrooms, 2 car garage a beautiful open-concept living room with a fireplace, an extra-large

    1031 Richards Ave Unit Condo w/ mother-n-law suite, Watertown, WI 53094
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    $1,450

    Total Monthly Price

    • 2 Beds
    • 1.5 Baths
    • 1,250 Sq Ft
    • Townhouse for Rent

    205 Applewood Ln, Watertown, WI 53094

    1250 Sq. Feet, 2 bed, 1 1/2 bath, 1 car garage. New flooring through out. Main floor living room, kitchen, dinning, 1/2 bath, upstairs large master bedroom with second bedroom and full bath. Unfinished rec room area down in the basement. All appliances included, including dishwasher, mounted microwave, washing machine and dryer. 1 car garage with extra storage on back side. Resident pays water,

    205 Applewood Ln, Watertown, WI 53094
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    $1,050 - $1,150

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 730 Sq Ft
    • Condo for Rent

    1062 Perry St, Watertown, WI 53098

    Two bedroom upper apartment located in Watertown, Wisconsin.Two bedrooms, large closets.Large living room.Dine in kitchen, stove and refrigerator included.Full bathroom with tub and shower.Garage with opener, air conditioning, coin laundry and extra storage in basement.NO PETS, NO SMOKING.Rent $1050, Security deposit $1050.PHONE CALLS ONLY PLEASE, LEAVE MESSAGE IF

    1062 Perry St, Watertown, WI 53098
  • /18

    $800

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 650 Sq Ft
    • Condo for Rent

    904 1/2 Cleveland St Unit Duplex - upstairs, Watertown, WI 53098

    Cozy 1 bed, 1 bath upstairs unit with eat in kitchen. Exterior entry next to the driveway. One car garage space and off street parking. Conveniently located one block off of N. 4th St., within walking distance of Riverside Park and downtown.

    904 1/2 Cleveland St Unit Duplex - upstairs, Watertown, WI 53098

Why Live in Watertown

Watertown, WI, situated halfway between Milwaukee and Madison, is a city with a rich historical background and a population of over 22,000 residents. The downtown area, stretching from Washington Street to 7th Street, is the longest historic district in the county and features Queen Anne and Dutch Colonial homes dating back to the 1800s. These homes, many converted to multifamily units, contrast with the modern architecture found west of the Rock River. Downtown Watertown is a hub for small businesses, including boutiques, gift shops, pubs, cafés, and vinyl record stores. Residents enjoy local spots like Literatus bookstore and Chandler House Bakery. The area is known for community events such as movies at Towne Cinema and the Fourth of July Parade. Primary students attend the Watertown Unified School District, which has a solid reputation. The city is home to the first kindergarten in the U.S., now a museum. Maranatha Baptist University, a private college, is also located here. For recreation, Riverside Park offers the Watertown Aquatic Center and hosts the Watertown Farmer's Market and Riverfest. Commuters primarily use Route 16 and Route 26 for regional travel, with Interstate 94 providing access to Madison and Milwaukee. According to FBI data, Watertown has lower crime rates compared to the national average, making it a safer place to live.

Frequently Asked Questions

How much does it cost to rent a home in Watertown, WI?
The median rent for a home in Watertown, WI is $1,300 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses are currently more expensive.
How much do you need to make to afford rent in Watertown, WI?
To comfortably afford the median rent in Watertown, WI, a household needs to earn roughly $52,000 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 $1,300 per month in Watertown, WI, renters typically need to show $3,900 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 Watertown, WI?
In Watertown, WI, the price-to-rent ratio is 20.2, 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

Number of Homes for Rent
14
Median Rent
$1,300
Median Townhouse Rent
$1,450
Median Condo Rent
$1,150
How to Rent a Home