River Trail Apartments
N16W22330 Watertown Rd,
Waukesha, WI 53186
2 Beds | $1,507 - $1,735
Rental Market Trends in Waukesha, WI
What is the average rent in Waukesha, WI?
$1,236/month
Average Rent
723 Sq Ft
Average Apartment Size
+2.7%
Increase in the Last Year
As of July 2025, the average rent in Waukesha, WI is $1,236 per month. This is 24% lower than the national average rent of $1,637/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 $1,122 per month for a studio, $1,236 for a one-bedroom apartment, and around $1,499 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,996 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 2.7%, 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 July 2025
Legend
2024
2025
Rent Ranges in Waukesha, WI
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
20%
$700 - $1,000/month
45%
$1,001 - $1,500/month
30%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Waukesha?
Based on current rent prices, Hillside Village, Singing Hills 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, Tallgrass, Horeb Heights and Downtown Waukesha 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, Tallgrass and Singing Hills .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Waukesha, WI?
Because the average rent in Waukesha is $1,236, you’ll want to make about $4,120 per month or $49,440 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 5.6% more expensive than the national average, with rent falling between $1,122 - $1,996. You can expect to pay 0.9% more for groceries, 6.0% less for utilities, and 2.4% more 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.
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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
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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 June 2025.
* Percentages may not total 100 due to rounding.