Alta Apartments
W233N2094 Ridgeview Pky,
PEWAUKEE, WI 53186
$1,675 - $2,330
1-2 Beds
Rental Market Trends in Waukesha, WI
What is the average rent in Waukesha, WI?
$1,272/month
Average Rent
727 Sq Ft
Average Apartment Size
+3%
Increase in the Last Year
As of April 2026, the average rent in Waukesha, WI is $1,272 per month. This is 22% lower than the national average rent of $1,641/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 $1,132 per month for a studio, $1,272 for a one-bedroom apartment, and around $1,560 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,095 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 3%, which averages out to $38 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 Waukesha, WI
Last Updated April 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
28%
$1,501 - $2,000/month
1%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
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 $1,272, you’ll want to make about $4,240 per month or $50,880 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 0.6% higher than the national average. Generally, housing in Waukesha is 7.6% more expensive than the national average, with rent falling between $1,132 - $2,095. You can expect to pay 0.5% more for groceries, 7.2% less for utilities, and 0.8% 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.
Studio
$1,082/month
$1,082/month
One Bedroom
$1,210/month
$1,210/month
Two Bedroom
$1,571/month
$1,571/month
Three Bedroom
$2,524/month
$2,524/month
Nearby City Rent Trends
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Property Management Companies in Waukesha, WI
Joseph Property Development
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24
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1,945
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11
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MLG Asset Management LLC
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70
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14,849
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43
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Oakbrook Corporation
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55
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5,303
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31
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Mandel Group
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23
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4,611
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14
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2 Communities in Waukesha
Metropolitan Associates
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30
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4,081
Units
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12
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2 Communities in Waukesha
Wimmer Communities
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26
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4,091
Units
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11
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2 Communities in Waukesha
Morgenson Realty Company
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11
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1,113
Units
-
7
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LCM Funds Real Estate, LLC
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10
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820
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4
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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.