West Grove on the Lake
2105 Kensington Dr,
Waukesha, WI 53188
1-3 Beds | $1,160 - $1,770
Rental Market Trends in Waukesha, WI
What is the average rent in Waukesha, WI?
$1,224/month
Average Rent
753 Sq Ft
Average Apartment Size
+2.1%
Increase in the Last Year
As of January 2025, the average rent in Waukesha, WI is $1,224 per month. This is 21% lower than the national average rent of $1,553/month, making renting in Waukesha more affordable than most cities in the US. When you rent an apartment in Waukesha, you can expect to pay about $1,119 per month for a studio, $1,224 for a one-bedroom apartment, and around $1,489 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,965 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Waukesha, WI?
In the past year, rent has increased by 2.1%, which averages out to $27 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2025
Legend
2024
2025
Rent Ranges in Waukesha, WI
Last Updated January 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
25%
$700 - $1,000/month
44%
$1,001 - $1,500/month
22%
$1,501 - $2,000/month
5%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Waukesha?
Based on current rent prices, Pebble Valley, Sunset Heights-Waukesha and Downtown Waukesha are the most affordable neighborhoods in Waukesha.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Waukesha?
Based on current rent prices, Downtown Waukesha, Sunset Heights-Waukesha and Pebble Valley are the most expensive neighborhoods in Waukesha.
Neighborhood
Average Rent
Average Sq Ft
Which Waukesha neighborhoods have the most rentals available?
The neighborhoods in Waukesha with the most apartments available are Downtown Waukesha, Pebble Valley and Sunset Heights-Waukesha .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Waukesha, WI?
Because the average rent in Waukesha is $1,224, you’ll want to make about $4,080 per month or $48,960 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Waukesha, WI compare to other nearby cities and neighborhoods?
Use the tool below to compare Waukesha, WI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$1,063/month
One Bedroom
-
$1,173/month
Two Bedroom
$1,094/month
$1,509/month
Three Bedroom
-
$2,612/month
Nearby City Rent Trends
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Property Management Companies in Waukesha, WI
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12
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834
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Mandel Group
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25
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4,915
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Joseph Property Development
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21
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1,643
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11
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Wimmer Communities
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25
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4,021
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10
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LCM Funds Real Estate, LLC
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10
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820
Units
-
4
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2 Communities in Waukesha
PRE/3
-
176
Communities
-
13,838
Units
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114
Cities
1 Community in Waukesha
Continental Properties Company
-
71
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-
19,264
Units
-
62
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1 Community in Waukesha
Oakbrook Corporation
-
41
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4,076
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.