The Reef Apartments
1215 N 62nd St,
Wauwatosa, WI 53213
Studio - 3 Beds | $1,616 - $4,305
Rental Market Trends in Wauwatosa, WI
What is the average rent in Wauwatosa, WI?
$1,478/month
Average Rent
735 Sq Ft
Average Apartment Size
+1.8%
Increase in the Last Year
As of June 2025, the average rent in Wauwatosa, WI is $1,478 per month. For comparison, the national average rent price in the US is currently $1,628/month, which means Wauwatosa rent prices are 9% lower than the national average. When you rent an apartment in Wauwatosa, you can expect to pay about $1,382 per month for a studio, $1,478 for a one-bedroom apartment, and around $1,764 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,427 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 Wauwatosa, WI?
In the past year, rent has increased by 1.8%, which averages out to $28 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 June 2025
Legend
2024
2025
Rent Ranges in Wauwatosa, WI
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
4%
Below $700/month
15%
$700 - $1,000/month
37%
$1,001 - $1,500/month
26%
$1,501 - $2,000/month
19%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What salary do I need to live comfortably in Wauwatosa, WI?
Because the average rent in Wauwatosa is $1,478, you’ll want to make about $4,926 per month or $59,112 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 Wauwatosa, WI compare to other nearby cities and neighborhoods?
Use the tool below to compare Wauwatosa, 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
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Nearby City Rent Trends
Apartment communities in Wauwatosa we think you'll love
Property Management Companies in Wauwatosa, WI
Mandel Group
-
23
Communities
-
4,611
Units
-
14
Cities
3 Communities in Wauwatosa
MSP Real Estate Inc
-
26
Communities
-
2,014
Units
-
14
Cities
3 Communities in Wauwatosa
Atlantic Residential
-
19
Communities
-
5,090
Units
-
15
Cities
2 Communities in Wauwatosa
PRM Property Management
-
16
Communities
-
2,497
Units
-
11
Cities
2 Communities in Wauwatosa
Prairie Management & Development, Inc.
-
16
Communities
-
3,418
Units
-
9
Cities
2 Communities in Wauwatosa
Inland Real Estate
-
78
Communities
-
19,551
Units
-
58
Cities
1 Community in Wauwatosa
Oakbrook Corporation
-
51
Communities
-
4,965
Units
-
31
Cities
1 Community in Wauwatosa
New Earth Residential
-
45
Communities
-
9,926
Units
-
21
Cities
1 Community in Wauwatosa
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
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.