Alta Apartments
W233N2094 Ridgeview Pky,
PEWAUKEE, WI 53186
1-2 Beds | $1,695 - $2,430
Rental Market Trends in Waukesha, WI
Updated September 2026
The average rent in Waukesha, WI is $1,285/month.
Rent in Waukesha is 23% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.
$1,285/month
Average Rent
728 Sq Ft
Average Size
+3.1%
Change / Year
432
Available Apartments
Waukesha rent varies by unit size and layout:
- Studio apartments in Waukesha average $1,163 per month.
- One-bedroom apartments in Waukesha average $1,285 per month.
- Two-bedroom apartments in Waukesha average $1,572 per month.
- Three-bedroom apartments in Waukesha average $2,073 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Waukesha, WI?
In the past year, rent has increased by 3.1%, which averages out to $40 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Waukesha, WI
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
25%
$700 - $1,000/month
43%
$1,001 - $1,500/month
26%
$1,501 - $2,000/month
3%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Waukesha?
Based on current rent prices, Downtown Waukesha is the most affordable neighborhood in Waukesha.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Waukesha?
Based on current rent prices, Downtown Waukesha is the most expensive neighborhood in Waukesha.
Neighborhood
Average Rent
Average Sq Ft
Which Waukesha neighborhoods have the most rentals available?
The neighborhood in Waukesha with the most apartments available is Downtown Waukesha .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Waukesha, WI?
Because the average rent in Waukesha is $1,285, you’ll want to make about $4,283 per month or $51,396 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 0.5% higher than the national average. Generally, housing in Waukesha is 6.3% more expensive than the national average, with rent falling between $1,163 - $2,073. You can expect to pay 1.2% more for groceries, 5.6% less for utilities, and 1.6% less 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.
View the Waukesha Area GuideStudio
$1,118/month
$1,118/month
One Bedroom
$1,213/month
$1,213/month
Two Bedroom
$1,607/month
$1,607/month
Three Bedroom
$2,453/month
$2,453/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Waukesha We Think You'll Love
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Frequently Asked Questions
What is the average rent in Waukesha?
The average rent in Waukesha is $1,285 per month, which is 22.8% lower than the national average of $1,664.
Are rents going up or down in Waukesha?
Rents in Waukesha, WI are increasing, with prices up 3.1% year-over-year and $40 more per month.
What rent range is most common in Waukesha?
In Waukesha, WI, 43% 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 September 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.