Mequon, Wisconsin Rental Market Trends

Disclaimer:

Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Mequon, Wisconsin rental market.

Mequon, Wisconsin

Average Apartment Rent

$2,320

Y-o-Y Change in Average
Apartment Rent

1%

As of May 2026

Compared to a year ago, Mequon, Wisconsin apartments have recorded a 1% rent increase.

Mequon, Wisconsin Average apartment rent trend

Median Rent Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024 Mar 2025 Jul 2025 Nov 2025 Mar 2026
Mequon $2,306 $2,282 $2,298 $2,305 $2,257 $2,238 $2,253 $2,189 $2,271
National $1,741 $1,732 $1,736 $1,756 $1,749 $1,755 $1,767 $1,753 $1,750
Mequon
National
Jul 2023
$2,306
$1,741
Nov 2023
$2,282
$1,732
Mar 2024
$2,298
$1,736
Jul 2024
$2,305
$1,756
Nov 2024
$2,257
$1,749
Mar 2025
$2,238
$1,755
Jul 2025
$2,253
$1,767
Nov 2025
$2,189
$1,753
Mar 2026
$2,271
$1,750

Mequon, Wisconsin Average Apartment Rent

Mequon, Wisconsin Apartment rent ranges

Under $1,000
$1,001 - $1,500
$1,501 - $2,000
$2,001 - $2,500
$2,501 - $3,000
Over $3,000

At 55.68%, apartments priced $2,000 - $2,500 represent the bulk of Mequon, Wisconsin rentals, while condos priced Over $3,000 hold the lowest share of the market – 1.93%.

Mequon, Wisconsin Housing tenure**

Renter occupied housing units 1,444
Owner occupied housing units 7,671

Renters take up 16% of Mequon, Wisconsin real estate, occupying a total of 1,444 units, while homeowners live in 7,671 properties.

Median number of rooms of renter-occupied housing units**

5

Renter median household income**

$98,990

Average household size of renter-occupied housing units**

2.38

Rental vacancy rate**

2%

Mequon, Wisconsin Renter-occupied housing units by no. of bedrooms**

No bedrooms 21
1 bed 270
2 beds 490
3 beds 471
4 beds 83
5 or more beds 109

There are 490 rentals in Mequon, Wisconsin with 2 beds making up the highest share of the market, at 34%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 21 units. Overall, the median number of rooms in Mequon, Wisconsin homes for rent is 5.

Mequon, Wisconsin Renter-occupied units by age of householder**

25 - 34 years 123
35 - 44 years 140
45 - 54 years 258
55 - 59 years 207
60 - 64 years 214
65 - 74 years 103
75 - 84 years 130
85 years and over 269

Most condos for rent in Mequon, Wisconsin are occupied by residents in the 85 years and over age group (19%), followed by those in the 45 - 54 years age group (18%). At the same time, people in the 65 - 74 years age group make up the lowest share of the local rental market – 7%.

Mequon, Wisconsin Renter-occupied housing units by family type**

Family households 854
Non-Family Households 590

Mequon, Wisconsin Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 366
No related children of the householder under 18 1,078

A total of 854 apartments for rent in Mequon, Wisconsin, or 59% of all rentals are family households. Additionally, 25% of rental homes include children under the age of 18 – that’s 366 units. All in all, the median size of a renter-occupied household in Mequon, Wisconsin is 2.38.

Mequon, Wisconsin Renter-occupied housing units by educational attainment**

Less than high school graduate 65
High school graduate (including equivalency) 119
Some college or associate's degree 247
Bachelor's degree or higher 1,013

In terms of education, renters holding bachelor degrees or higher make up 70% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Mequon, Wisconsin.

Mequon, Wisconsin Renter-occupied units by year structure built**

Built 2010 - 2019 208
Built 2000 - 2009 333
Built 1990 - 1999 314
Built 1980 - 1989 161
Built 1970 - 1979 132
Built 1960 - 1969 56
Built 1950 - 1959 65
Built 1940 - 1949 69
Built 1939 or earlier 106

The highest share of Mequon, Wisconsin apartment rentals, namely 23% or 333 units, were Built 2000 - 2009, followed by those Built 1990 - 1999 (22%, 314 units), and the ones Built 2010 - 2019 (14%, 208 units).

Mequon, Wisconsin Renter-occupied units by year householder moved in**

Moved in 2021 or later 175
Moved in 2018 to 2020 383
Moved in 2010 to 2017 628
Moved in 2000 to 2009 245
Moved in 1989 or earlier 13

Median year renter moved into unit 2016

Most Mequon, Wisconsin renters (43%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Mequon, Wisconsin condos for rent is 2016.

Mequon, Wisconsin Renter-occupied housing units by vehicles available**

No vehicle available 320
1 vehicle available 376
2 vehicles available 478
3 vehicles available 127
4 or more vehicles available 143

When it comes to transportation options, 33% of Mequon, Wisconsin renters have 2 vehicles available per household, 26% of them have 1 vehicle available, and 22% have No vehicle available.

Mequon, Wisconsin Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 921
Car, truck, or van - carpooled 226
Walked 33
Worked at home 177

Mequon, Wisconsin Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 2,689
Moved within same county 242
Moved from different county within same state 242
Moved from different state 181

The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Mequon, Wisconsin apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

*Average single-family rent calculated from point2homes.com data.

**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates

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