Rentometer, Inc. | Data as of 10/22/2025
Waukesha’s rental market reflects the city’s blend of historic charm and modern growth, attracting professionals, families, and students alike. Nestled just west of Milwaukee, the community offers a mix of tree‑lined neighborhoods, vibrant downtown districts, and easy access to Lake Michigan. Popular areas such as Downtown Waukesha, East College Avenue, and the historic Fox River corridor provide a variety of lifestyle options, from walkable entertainment venues to quiet, residential streets. The city’s strong schools, well‑maintained parks, and a bustling local business scene contribute to steady demand for both apartments and single‑family homes.
Rental offerings in Waukesha span from efficient studio apartments to spacious multi‑bedroom houses. Studios typically rent in the $1,200 range, while one‑bedroom units hover near the $1,300 range. Two‑bedroom apartments generally fall into the $1,500 range, and three‑bedroom units approach the $2,000 range. Larger homes begin in the $2,100 range, with four‑plus bedroom houses often exceeding the $2,600 range. These price points provide renters with flexible choices whether they seek a low‑maintenance apartment close to downtown amenities or a larger family‑friendly house in a suburban setting.
The city’s blend of cultural attractions, including the Waukesha County Historical Society, scenic Lake Waukesha, and a lively restaurant scene, enhances the rental experience. Proximity to major highways and commuter rail options makes it convenient for those working in the greater Milwaukee area. As Waukesha continues to invest in community development and infrastructure, the rental market remains poised for consistent growth, offering a welcoming environment for current and prospective renters alike.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,276 | $1,205 | $1,095 - $1,800 | $1,115 - $1,370 |
| Apartment | 1 Bedroom | $1,316 | $1,300 | $825 - $1,900 | $1,155 - $1,471 |
| Apartment | 2 Bedroom | $1,530 | $1,470 | $695 - $2,500 | $1,330 - $1,710 |
| Apartment | 3 Bedroom | $1,957 | $1,936 | $1,233 - $2,803 | $1,750 - $2,200 |
| House | 3 Bedroom | $2,108 | $2,195 | $1,050 - $3,150 | $1,820 - $2,395 |
| House | 4+ Bedroom | $2,664 | $2,975 | $1,000 - $3,500 | $2,520 - $3,200 |
In the current period, the average rent in Waukesha was $1,277 for Studio, $1,317 for 1 Bedroom, $1,532 for 2 Bedroom, $2,055 for 3 Bedroom, and $2,616 for 4+ Bedroom.
Data provided by Rentometer, Inc.