Willow Creek
2420 Parklawn Dr,
Waukesha, WI 53186
1-2 Beds | $1,115 - $1,615
Rental Market Trends in Waukesha, WI
What is the average rent in Waukesha, WI?
$1,238/month
Average Rent
751 Sq Ft
Average Apartment Size
+3.4%
Increase in the Last Year
As of March 2025, the average rent in Waukesha, WI is $1,238 per month. This is 21% lower than the national average rent of $1,559/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 $1,153 per month for a studio, $1,238 for a one-bedroom apartment, and around $1,494 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,990 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 3.4%, which averages out to $42 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 March 2025
Legend
2024
2025
Rent Ranges in Waukesha, WI
Last Updated March 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
22%
$700 - $1,000/month
41%
$1,001 - $1,500/month
29%
$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 $1,238, you’ll want to make about $4,126 per month or $49,512 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.
Cost of Living
The cost of living in Waukesha, WI is 0.7% higher than the national average. Generally, housing in Waukesha is 2.6% more expensive than the national average, with rent falling between $1,153 - $1,990. You can expect to pay 2.2% more for groceries, 2.1% more for utilities, and 3.4% less for transportation.
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
-
$1,121/month
One Bedroom
-
$1,193/month
Two Bedroom
$1,097/month
$1,520/month
Three Bedroom
-
$2,565/month
Nearby City Rent Trends
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PRE/3
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Continental Properties Company
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72
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.