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Rental Market Trends in Grafton, WI

What is the average rent in Grafton, WI?

$1,318/month

Average Rent

740 Sq Ft

Average Apartment Size

+4.4%

Increase in the Last Year

As of September 2025, the average rent in Grafton, WI is $1,318 per month. This is 20% lower than the national average rent of $1,639/month, making renting in Grafton more affordable than most cities in the US. When you rent an apartment in Grafton, you can expect to pay about $1,235 per month for a studio, $1,318 for a one-bedroom apartment, and around $1,854 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,880 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,235/month
622 Sq Ft
One Bedroom
$1,318/month
740 Sq Ft
Two Bedroom
$1,854/month
1,111 Sq Ft
Three Bedroom
$1,880/month
1,513 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 Grafton, WI?

In the past year, rent has increased by 4.4%, which averages out to $59 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 September 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Grafton, WI
Last Updated September 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Grafton, WI
Percentage*
Rent Range
0% Below $700/month
38% $700 - $1,000/month
23% $1,001 - $1,500/month
23% $1,501 - $2,000/month
15% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Grafton?

Based on current rent prices, Falls Crossing is the most affordable neighborhood in Grafton.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Falls Crossing
$1,651/month
865 Sq Ft

What are the most expensive neighborhoods in Grafton?

Based on current rent prices, Falls Crossing is the most expensive neighborhood in Grafton.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Falls Crossing
$1,651/month
865 Sq Ft

Which Grafton neighborhoods have the most rentals available?

The neighborhood in Grafton with the most apartments available is Falls Crossing .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Falls Crossing
$1,651/month
865 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Grafton, WI?

Because the average rent in Grafton is $1,318, you’ll want to make about $4,393 per month or $52,716 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.

City

Grafton, WI

121 Available Apartments for Rent

Search for Nearby Apartments

How does Grafton, WI compare to other nearby cities and neighborhoods?

Use the tool below to compare Grafton, 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.

Explore the Area Guide for Grafton, WI

Apartment Averages

Falls Crossing

Grafton, WI

Falls Crossing

Grafton, WI

Studio
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends

  • Port Washington Average Rent
  • Mequon Average Rent
  • Germantown Average Rent
  • Brown Deer Average Rent

Apartment communities in Grafton we think you'll love

Seasons at Grafton

Seasons at Grafton

1921 Seasons Way,
Grafton, WI 53024

$1,425 - $2,920

Studio - 3 Beds

Hotel Grafton Apartments

Hotel Grafton Apartments

1312 Wisconsin Ave,
Grafton, WI 53024

$1,210 - $1,585

Studio - 2 Beds

2185 on Wisconsin Townhomes

2185 on Wisconsin Townhomes

2185 Wisconsin Ave,
Grafton, WI 53024

$2,695

2 Beds

1505 Apartments + Townhomes

1505 Apartments + Townhomes

1505 Wisconsin Ave,
Grafton, WI 53024

$1,095 - $5,705

1-3 Beds

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United States Wisconsin Grafton Rental Trends

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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity