Highlands at Aero Park Apartments & Townhomes 55+
W197 N4950 Hickory St,
Menomonee Falls, WI 53051
1-2 Beds | $1,870 - $4,588
Rental Market Trends in Pewaukee, WI
What is the average rent in Pewaukee, WI?
$1,462/month
Average Rent
818 Sq Ft
Average Apartment Size
+4.1%
Increase in the Last Year
Pewaukee, WI Rental Market Overview
The average rent in Pewaukee, WI is $1,462 per month. For comparison, the national average rent price in the US is currently $1,662/month, which means Pewaukee rent prices are 12% lower than the national average.
- Studio apartments in Pewaukee average $1,135 per month.
- One-bedroom apartments in Pewaukee average $1,462 per month.
- Two-bedroom apartments in Pewaukee average $1,680 per month.
- Three-bedroom apartments in Pewaukee average $2,152 or more per month.
Data Updated: July 1, 2026
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 Pewaukee, WI?
In the past year, rent has increased by 4.1%, which averages out to $61 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 July 2026
Legend
2025
2026
Rent Ranges in Pewaukee, WI
Last Updated July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
15%
$700 - $1,000/month
38%
$1,001 - $1,500/month
35%
$1,501 - $2,000/month
12%
Above $2,000/month
What salary do I need to live comfortably in Pewaukee, WI?
Because the average rent in Pewaukee is $1,462, you’ll want to make about $4,873 per month or $58,476 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 Pewaukee, WI compare to other nearby cities and neighborhoods?
Use the tool below to compare Pewaukee, 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.
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Pewaukee We Think You'll Love
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Frequently Asked Questions
What is the average rent in Pewaukee?
The average rent in Pewaukee is $1,462 per month, which is 12.0% lower than the national average of $1,662.
Are rents going up or down in Pewaukee?
Rents in Pewaukee, WI are increasing, with prices up 4.1% year-over-year and $61 more per month.
What rent range is most common in Pewaukee?
In Pewaukee, WI, 38% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 June 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.