You're not going to get a recessed RF contact in the bottom track of the window.
Now that you're mentioning "venting" the windows, honestly, you're better off installing a small surface contact. If done correctly, the unit won't stand out worse than the aluminum extrusion that's already there. It'll also make it easier to line up the magnets for the "open" and "vented" positions compared to a line on the sash or similar.
If you don't want to see a contact inside your house on the sill, etc. then you're looking at doing security screens.
I can't see the entire view, but you should be able to normally conceal a transmitter at the top of the window behind a curtain, shade or blind...that's usually how I'd look at the window.
You could also look at a 5811 contact, but once you move into the coin cells, plan on changing batteries more often than those with CR123's.
There's plenty of ways to run wiring to a transmitter without opening a wall. Even if you're not that skilled, you could pull a piece of trim, either top or bottom and use that for working room.