Oconomowoc, Wisconsin Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Oconomowoc, Wisconsin rental market.
Oconomowoc, Wisconsin
Average Apartment Rent
$1,821
Y-o-Y Change in Average
Apartment Rent
-2.8%
As of May 2026
Compared to a year ago, Oconomowoc, Wisconsin apartments have recorded a -2.8% rent decrease.
Oconomowoc, Wisconsin Average apartment rent trend
Oconomowoc, Wisconsin Average Apartment Rent
Oconomowoc, Wisconsin Apartment rent ranges
At 35.83%, apartments priced $1,000 - $1,500 represent the bulk of Oconomowoc, Wisconsin rentals, while condos priced Under $1,000 hold the lowest share of the market – 0.14%.
Oconomowoc, Wisconsin Housing tenure**
Renters take up 31% of Oconomowoc, Wisconsin real estate, occupying a total of 2,339 units, while homeowners live in 5,227 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$47,934
Average household size of renter-occupied housing units**
1.65
Rental vacancy rate**
5%
Oconomowoc, Wisconsin Renter-occupied housing units by no. of bedrooms**
There are 1,029 rentals in Oconomowoc, Wisconsin with 1 bed making up the highest share of the market, at 44%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 22 units. Overall, the median number of rooms in Oconomowoc, Wisconsin homes for rent is 3.7.
Oconomowoc, Wisconsin Renter-occupied units by age of householder**
Most condos for rent in Oconomowoc, Wisconsin are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 65 - 74 years age group (22%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 3%.
Oconomowoc, Wisconsin Renter-occupied housing units by family type**
Oconomowoc, Wisconsin Renter-occupied housing units by the presence of own children**
A total of 642 apartments for rent in Oconomowoc, Wisconsin, or 27% of all rentals are family households. Additionally, 15% of rental homes include children under the age of 18 – that’s 357 units. All in all, the median size of a renter-occupied household in Oconomowoc, Wisconsin is 1.65.
Oconomowoc, Wisconsin Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 27% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Oconomowoc, Wisconsin.
Oconomowoc, Wisconsin Renter-occupied units by year structure built**
The highest share of Oconomowoc, Wisconsin apartment rentals, namely 27% or 624 units, were Built 2010 - 2019, followed by those Built 1970 - 1979 (21%, 497 units), and the ones Built 1990 - 1999 (15%, 342 units).
Oconomowoc, Wisconsin Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Oconomowoc, Wisconsin renters (43%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Oconomowoc, Wisconsin condos for rent is 2018.
Oconomowoc, Wisconsin Renter-occupied housing units by vehicles available**
When it comes to transportation options, 58% of Oconomowoc, Wisconsin renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 10% have No vehicle available.
Oconomowoc, Wisconsin Means of transportation to work of householders living in renter-occupied housing units**
Oconomowoc, Wisconsin Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Oconomowoc, Wisconsin apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
