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Watertown, WI Homes for Rent

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  • /14

    Starting at $1,235 Per Month

    • 1 - 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
  • /23

    Starting at $1,295 Per Month

    • 2 Beds

    1348 N 4th St, Watertown, WI 53098

    Watertown Park Apartments, LLC

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

    Starting at $1,160 Per Month

    • 2 Beds

    201 Air Park Dr, Watertown, WI 53094

    Audubon Park Apartments, LP

    201 Air Park Dr, Watertown, WI 53094
  • /4

    Starting at $1,275 Per Month

    • 2 Beds

    300-318 Lauren Ln, Watertown, WI 53094

    Audubon East

    300-318 Lauren Ln, 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
  • /13

    Starting at $1,195 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
  • /2

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    1008 Meadow St Unit 4, Watertown, WI 53094

    Property Id: 2713731 This charming 2 bed, 1 bath unit is available for rent starting 07/15/2026. Nice and calm neighborhood, upper unit in a 4-unit apartment building, Carpet flooring, appliances and coin operated washer and dryer in the basement, this Cat friendly space is perfect for you. Rent provides extra storage in the basement, Garage parking for one car plus

    1008 Meadow St Unit 4, Watertown, WI 53094
  • /20

    $1,850 Per Month

    • 2 Beds
    • 1.5 Baths
    • Condo for Rent

    208 Applewood Ln Unit 208, Watertown, WI 53094

    Property Id: 2756807 Cozy 1100 square feet space. With a connected garage parking available. 5 minute drive to downtown Watertown 10 minute drive to I94 10 minute drive to Watertown hospital. Back yard patio Small pad for a fire pit Finished basement I’m willing to allow pets but there will be a pet rent depending on size Renter is in charge of

    208 Applewood Ln Unit 208, Watertown, WI 53094

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 $1,200 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option.
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 $48,000 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 $1,200 per month in Watertown, WI, renters typically need to show $3,600 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 22.0, 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
8
Median Rent
$1,200
Median Condo Rent
$1,200
How to Rent a Home