Updated 5+ Days Ago
Location
500 S 2nd St, Watertown, WI 53094, USA
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Property Overview
502 S 2nd St stands out for its strong value, competitive pricing, and high overall rating, along with solid amenities and a highly convenient location. It also offers notable access to top-rated schools nearby and ranks exceptionally well for value for money compared with other local properties.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Middle school nearby
- Elementary school nearby
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 750 sqft | $895 /mo | 1 unit available | Large up-dated 1 bedroom unit. Tenants pay all utilities. In unit laundry. |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Building details
Property details
| Units | 5 |
|---|
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About 502 S 2nd St
Large up-dated 1 bedroom unit. Tenants pay all utilities. In unit laundry.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, 502 S 2nd St is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 502 S 2nd St has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
502 S 2nd St offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 502 S 2nd St is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
502 S 2nd St is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 502 S 2nd St does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
502 S 2nd St provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 502 S 2nd St compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 1 mile away
- Elementary school nearby
- There is an elementary school 0.4 mile away
Considerations
- Lacks images
- Fewer than 10 photos available for this location
- Oven not listed
- In-unit oven not included in listing
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Rent trends in Watertown
1-bedroom apartments at 502 S 2nd St cost about 14% less than the average rent price for 1-bedroom apartments in Watertown.
Median rents as of Apr 25 2026.
Watertown
| Month | Median Rent |
|---|---|
| December 2024 | $800 |
| January 2025 | $775 |
| February 2025 | $786 |
| March 2025 | $796 |
| April 2025 | $795 |
| May 2025 | $780 |
| June 2025 | $750 |
| August 2025 | $750 |
| September 2025 | $750 |
| December 2025 | $5,139 |
| January 2026 | $5,792 |
| February 2026 | $5,792 |
| April 2026 | $850 |
Affordability calculator
Can I afford to live at 500 S 2nd St?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$35,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $35,800 annually to afford this 1-bedroom monthly rent price of $895.
For more information on rent affordability, visit our rent calculator.
Schools near 502 S 2nd St
Watertown 4 Kids
111 dodge st
watertown, WI, 53094
PKPublic
Webster Elementary School
634 s 12th st
watertown, WI, 53094
PK, K-5Public
A-
Schurz Elementary School
1508 neenah st
watertown, WI, 53094
PK, K-5Public
B-
Douglas Elementary School
1101 prospect st
watertown, WI, 53098
PK, K-5Public
B
Stone Bank Elementary School
n68w33866 county rd k
oconomowoc, WI, 53066
PK, K-8Public
A-
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Internet available near 502 S 2nd St
Neighborhood
Getting around Watertown near 500 S 2nd St
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
This area is close to freeways and has adequate parking options.
Points of interest for 500 S 2nd St, Watertown
Groceries
7/10
At least one grocery store within a 15-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
5/10
At least one high school within a 30-minute walk
Nightlife
5/10
Some bars within walking distance
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