Apartments for Rent in Waukesha, WI

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What to Know About

Life in Waukesha & Beyond

Waukesha shares many of the great qualities that make Wisconsin a desirable place to live.

Wisconsin, known for its picturesque landscapes, vibrant cities, and fascinating history, is a true gem of the Midwest. Discover Wisconsin's rich heritage by visiting its state-of-the-art museums, such as the Wisconsin Historical Museum in Madison or the Milwaukee Public Museum, or enroll in prestigious universities like the University of Wisconsin-Madison, Marquette University, and the University of Wisconsin-Milwaukee. The industries of manufacturing, agriculture, and tourism have built a robust economy in Wisconsin.

Combined with its diverse geography, it offers endless opportunities for outdoor enthusiasts to explore the state's stunning natural beauty. Enjoy fishing in the Great Lakes, skiing in its scenic mountains, or hiking in the picturesque Kettle Moraine State Forest. Cheer for the Green Bay Packers (NFL) and the Milwaukee Bucks (NBA), or take a scenic drive through the charming towns and countryside. And make sure to take advantage of famous attractions like Lambeau Field, Ice Age National Scientific Reserve, and the Wisconsin Dells.

Experience the best of both worlds with Wisconsin's unique blend of outdoor recreation and thriving economy, making it a great place to live.

Rental Market Trends

Waukesha, WI

As of July 2025, Waukesha's rental market is tenant-friendly, with extended leasing periods, prompting landlords to offer incentives or reduced pricing. Waukesha's average rent is 16.5% ($240) higher than the Wisconsin average of $1,457 and 4.4% ($78) lower than the U.S. average of $1,775.

Average Rent
$1,697
Monthly ChangeMonth Over Month Change
Increased2.4% ($40)
Yearly ChangeYear Over Year Change
Increased8.4% ($132)
Avg. Days on MarketAverage Days on Market
74
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,407 Decreased2.4% ($34) Increased7.8% ($102)
2 Beds $1,804 Increased1.6% ($28) Increased7.8% ($131)
3 Beds $2,218 Increased0.5% ($11) Decreased5.8% ($136)
Nearby Cities Average Rent Avg. Rent vs. WaukeshaAverage Rent vs. Waukesha Avg. Days on MarketAverage Days on Market
Pewaukee $1,594 Decreased6.1% ($103) 42 days
New Berlin $1,603 Decreased5.5% ($94) 36 days
Delafield $2,147 Increased26.5% ($450) 38 days
Brookfield $2,184 Increased28.7% ($487) 41 days
Mukwonago $1,649 Decreased2.8% ($48) 41 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Waukesha Rental Market FAQs

Explore rental prices, market trends, and availability in Waukesha, WI.

The average rent in Waukesha, WI is $1,697 per month.
Apartments in Waukesha typically rent for between $985 and $2,883 per month, with an average of $1,697 per month.
In Waukesha, the average rent for a 1-bedroom apartment is $1,407 per month, for a 2-bedroom apartment, $1,804 per month, and a 3-bedroom apartment is $2,218 per month.
The average rent in Waukesha is 4.4% ($78) lower than the national average of $1,775 per month.
The average rent in Waukesha has increased by 2.4% ($40) in the last month and increased by 8.4% ($132) over the past year.
The rental market in Waukesha, WI, is currently tenant-friendly, with extended leasing periods, prompting landlords to offer incentives or reduced pricing.
In Waukesha, WI, the average rental stays on the market for approximately 74 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 38 rental properties available in Waukesha, WI.
Based on the current averages, a household would need an annual income of $72,160 to comfortably afford a 2-bedroom apartment in Waukesha.
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