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Rental Market Trends in Waunakee, WI

Updated September 2026

The average rent in Waunakee, WI is $1,475/month.

Rent in Waunakee is roughly equal to the national average rent of of $1,665/month.

$1,475/month

Average Rent

786 Sq Ft

Average Size

-0.6%

Change / Year

123

Available Apartments

Waunakee rent varies by unit size and layout:

  • Studio apartments in Waunakee average $1,430 per month.
  • One-bedroom apartments in Waunakee average $1,475 per month.
  • Two-bedroom apartments in Waunakee average $1,821 per month.
  • Three-bedroom apartments in Waunakee average $2,425 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,430/month
578 Sq Ft
One Bedroom
$1,475/month
786 Sq Ft
Two Bedroom
$1,821/month
1,086 Sq Ft
Three Bedroom
$2,425/month
1,466 Sq Ft
View Waunakee Apartments

How much has average rent changed in Waunakee, WI?

In the past year, rent has decreased by 0.6%, which averages out to $9 less per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in Waunakee, WI

September 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Waunakee, WI
Percentage*
Rent Range
0% Below $700/month
17% $700 - $1,000/month
50% $1,001 - $1,500/month
25% $1,501 - $2,000/month
8% Above $2,000/month

What salary do I need to live comfortably in Waunakee, WI?

Because the average rent in Waunakee is $1,475, you’ll want to make about $4,916 per month or $58,992 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.

City

Waunakee, WI

123 Available Apartments for Rent

Search for Nearby Apartments

How does Waunakee, WI compare to other nearby cities and neighborhoods?

Use the tool below to compare Waunakee, 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 Waunakee Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Deforest

    Deforest

    Avg Rent: $1,594/month

  • Maple Bluff

    Maple Bluff

    Avg Rent: $1,672/month

  • De Forest

    De Forest

    Avg Rent: $1,274/month

  • Middleton

    Middleton

    Avg Rent: $1,540/month

  • Madison

    Madison

    Avg Rent: $1,519/month

  • Windsor

    Windsor

    Avg Rent: $1,474/month

Apartment Communities in Waunakee We Think You'll Love

The Crest Luxury Apartments

The Crest Luxury Apartments

1055 Simon Crestway,
Waunakee, WI 53597

Studio - 2 Beds | $1,399 - $2,399

Heritage Hills Apartments

Heritage Hills Apartments

110 Breunig Blvd,
Waunakee, WI 53597

Studio - 2 Beds | $1,375 - $2,325

Lamphouse Apartments

Lamphouse Apartments

203 E Main St,
Waunakee, WI 53597

Studio - 2 Beds | $1,445 - $2,510

Madison & Main

Madison & Main

301 E Main St,
Waunakee, WI 53597

1-2 Beds | $1,499 - $1,925

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Frequently Asked Questions

What is the average rent in Waunakee?

The average rent in Waunakee is $1,475 per month, which is 11.4% lower than the national average of $1,665.

Are rents going up or down in Waunakee?

Rents in Waunakee, WI are decreasing, with prices down 0.6% year-over-year and $9 less per month.

What rent range is most common in Waunakee?

In Waunakee, WI, 50% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

United States Wisconsin Waunakee Rental Trends

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.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity