Highlands at Aero Park Apartments & Townhomes 55+
W197 N4950 Hickory St,
Menomonee Falls, WI 53051
$1,930 - $4,738
1-2 Beds
Rental Market Trends in Menomonee Falls, WI
What is the average rent in Menomonee Falls, WI?
$1,425/month
Average Rent
781 Sq Ft
Average Apartment Size
+2.4%
Increase in the Last Year
As of April 2026, the average rent in Menomonee Falls, WI is $1,425 per month. For comparison, the national average rent price in the US is currently $1,641/month, which means Menomonee Falls rent prices are 13% lower than the national average. When you rent an apartment in Menomonee Falls, you can expect to pay about $1,086 per month for a studio, $1,425 for a one-bedroom apartment, and around $1,842 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,273 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 Menomonee Falls, WI?
In the past year, rent has increased by 2.4%, which averages out to $34 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 April 2026
Legend
2025
2026
Rent Ranges in Menomonee Falls, WI
Last Updated April 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
7%
Below $700/month
10%
$700 - $1,000/month
33%
$1,001 - $1,500/month
37%
$1,501 - $2,000/month
13%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Menomonee Falls?
Based on current rent prices, Shepherd Hill and Royal Manor" are the most affordable neighborhoods in Menomonee Falls.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Menomonee Falls?
Based on current rent prices, Royal Manor and Shepherd Hill" are the most expensive neighborhoods in Menomonee Falls.
Neighborhood
Average Rent
Average Sq Ft
Which Menomonee Falls neighborhoods have the most rentals available?
The neighborhoods in Menomonee Falls with the most apartments available are Royal Manor and Shepherd Hill" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Menomonee Falls, WI?
Because the average rent in Menomonee Falls is $1,425, you’ll want to make about $4,750 per month or $57,000 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 Menomonee Falls, WI compare to other nearby cities and neighborhoods?
Use the tool below to compare Menomonee Falls, 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.
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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
Apartment communities in Menomonee Falls we think you'll love
Property Management Companies in Menomonee Falls, WI
Fiduciary Real Estate Development
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37
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8,891
Units
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23
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4 Communities in Menomonee Falls
Arden Property Group Inc
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10
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2,281
Units
-
7
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3 Communities in Menomonee Falls
Morgenson Realty Company
-
11
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1,113
Units
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7
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3 Communities in Menomonee Falls
PRE/3
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186
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14,539
Units
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119
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2 Communities in Menomonee Falls
Harmoniq Residential
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41
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-
4,721
Units
-
17
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2 Communities in Menomonee Falls
Decker Properties
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23
Communities
-
1,252
Units
-
17
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2 Communities in Menomonee Falls
Wimmer Communities
-
26
Communities
-
4,091
Units
-
11
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2 Communities in Menomonee Falls
Joseph Property Development
-
24
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-
1,945
Units
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11
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2 Communities in Menomonee Falls
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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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.