Waukesha, Wisconsin Rental Market Trends
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 Waukesha, Wisconsin rental market.
Waukesha, Wisconsin
Average Apartment Rent
$1,467
Y-o-Y Change in Average
Apartment Rent
3%
As of May 2026
Compared to a year ago, Waukesha, Wisconsin apartments have recorded a 3% rent increase.
Waukesha, Wisconsin Average apartment rent trend
Waukesha, Wisconsin Average Apartment Rent
Waukesha, Wisconsin Apartment rent ranges
At 53.37%, apartments priced $1,000 - $1,500 represent the bulk of Waukesha, Wisconsin rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.53%.
Waukesha, Wisconsin Housing tenure**
Renters take up 41% of Waukesha, Wisconsin real estate, occupying a total of 12,391 units, while homeowners live in 17,615 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$46,569
Average household size of renter-occupied housing units**
1.92
Rental vacancy rate**
3.2%
Waukesha, Wisconsin Renter-occupied housing units by no. of bedrooms**
There are 5,877 rentals in Waukesha, Wisconsin with 2 beds making up the highest share of the market, at 47%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 190 units. Overall, the median number of rooms in Waukesha, Wisconsin homes for rent is 4.
Waukesha, Wisconsin Renter-occupied units by age of householder**
Most condos for rent in Waukesha, Wisconsin are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 35 - 44 years age group (14%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 6%.
Waukesha, Wisconsin Renter-occupied housing units by family type**
Waukesha, Wisconsin Renter-occupied housing units by the presence of own children**
A total of 5,230 apartments for rent in Waukesha, Wisconsin, or 42% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 2,481 units. All in all, the median size of a renter-occupied household in Waukesha, Wisconsin is 1.92.
Waukesha, Wisconsin Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 32% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Waukesha, Wisconsin.
Waukesha, Wisconsin Renter-occupied units by year structure built**
The highest share of Waukesha, Wisconsin apartment rentals, namely 22% or 2,781 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (21%, 2,662 units), and the ones Built 1980 - 1989 (17%, 2,113 units).
Waukesha, Wisconsin Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Waukesha, Wisconsin renters (45%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Waukesha, Wisconsin condos for rent is 2017.
Waukesha, Wisconsin Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Waukesha, Wisconsin renters have 1 vehicle available per household, 30% of them have 2 vehicles available, and 12% have No vehicle available.
Waukesha, Wisconsin Means of transportation to work of householders living in renter-occupied housing units**
Waukesha, Wisconsin Geographical mobility in the past year for householders living in renter-occupied housing units**
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 Waukesha, 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
