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Affordable apartments in Watertown, Wisconsin

7 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

2 section 85 lihtc

Buildings

WATERTOWN EAST I & II

Section 8
1155 BOUGHTON ST, Watertown, WI, 53094
Income-restricted units
133 of 136
Year placed in service
Not reported

Estimated total housing cost: $1,045 rent + $121 utilities = $1,166/mo

Contact property management for current availability. Waitlists may apply.

WATERTOWN EAST III

Section 8
1153 BOUGHTON STREET, Watertown, WI, 53094
Income-restricted units
56 of 56
Year placed in service
Not reported

Estimated total housing cost: $1,045 rent + $121 utilities = $1,166/mo

Contact property management for current availability. Waitlists may apply.

HIGHLAND VILLAGE APTS

LIHTC
117 HOMESTEAD LN, WATERTOWN, WI, 53098
Income-restricted units
48 of 49
Year placed in service
2001
Bedroom mix
24 1BR · 25 2BR

Estimated total housing cost: $1,045 rent + $121 utilities = $1,166/mo

Contact property management for current availability. Waitlists may apply.

WATERTOWN MEADOWS

LIHTC
805 CLARK ST, WATERTOWN, WI, 53094
Income-restricted units
40 of 40
Year placed in service
1989
Bedroom mix
15 1BR · 24 2BR · 1 3BR

Estimated total housing cost: $1,045 rent + $121 utilities = $1,166/mo

Contact property management for current availability. Waitlists may apply.

HIGHLAND APTS II

LIHTC
1408 MEMORIAL DR, WATERTOWN, WI, 53098
Income-restricted units
39 of 49
Year placed in service
2003
Bedroom mix
19 1BR · 30 2BR

Estimated total housing cost: $1,045 rent + $121 utilities = $1,166/mo

Contact property management for current availability. Waitlists may apply.

THE GLOBE APARTMENTS

LIHTC
201 S. WATER STREET, WATERTOWN, WI, 53094
Income-restricted units
10 of 48
Year placed in service
2014
Bedroom mix
35 2BR · 13 3BR

Estimated total housing cost: $1,045 rent + $121 utilities = $1,166/mo

Contact property management for current availability. Waitlists may apply.

RIVER MILL SR RESIDENCES

LIHTC
317 S WATER ST, WATERTOWN, WI, 53094
Income-restricted units
6 of 54
Year placed in service
2010
Bedroom mix
40 1BR · 14 2BR

Estimated total housing cost: $1,045 rent + $121 utilities = $1,166/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in Wisconsin

Residential electricity in Wisconsin runs about 18.37¢/kWh, with a typical monthly residential electric bill near $121. Natural gas runs about $12.93/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for Watertown, WI

Metro-level
BedroomsLocal FMRNational median
Studio$888n/a
1 bedroom$993n/a
2 bedroom$1,045$1,502
3 bedroom$1,359n/a
4 bedroom$1,568n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.

HUD income limits : Jefferson County, WI

FY2025. Area median income: $111,000.

Household size30% AMI50% AMI80% AMI
1 person$23,050$38,350$61,400
2 people$26,350$43,850$70,200
3 people$29,650$49,350$78,950
4 people$32,900$54,800$87,700
5 people$37,650$59,200$94,750
6 people$43,150$63,600$101,750
7 people$48,650$67,950$108,750
8 people$54,150$72,350$115,800

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Wisconsin cities

See all affordable-rental cities in Wisconsin

About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Watertown cost-of-living and Fair Market Rent overview