Wauwatosa, 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 Wauwatosa, Wisconsin rental market.
Wauwatosa, Wisconsin
Average Apartment Rent
$1,669
Y-o-Y Change in Average
Apartment Rent
0.6%
As of March 2026
Compared to a year ago, Wauwatosa, Wisconsin apartments have recorded a 0.6% rent increase.
Wauwatosa, Wisconsin Average apartment rent trend
Wauwatosa, Wisconsin Average Apartment Rent
Wauwatosa, Wisconsin Apartment rent ranges
At 42.78%, apartments priced $1,500 - $2,000 represent the bulk of Wauwatosa, Wisconsin rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.51%.
Wauwatosa, Wisconsin Housing tenure**
Renters take up 38% of Wauwatosa, Wisconsin real estate, occupying a total of 8,097 units, while homeowners live in 13,166 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$56,694
Average household size of renter-occupied housing units**
1.77
Rental vacancy rate**
7.4%
Wauwatosa, Wisconsin Renter-occupied housing units by no. of bedrooms**
There are 3,907 rentals in Wauwatosa, Wisconsin with 2 beds making up the highest share of the market, at 48%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 99 units. Overall, the median number of rooms in Wauwatosa, Wisconsin homes for rent is 4.
Wauwatosa, Wisconsin Renter-occupied units by age of householder**
Most condos for rent in Wauwatosa, Wisconsin are occupied by residents in the 25 - 34 years age group (32%), followed by those in the 35 - 44 years age group (16%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 3%.
Wauwatosa, Wisconsin Renter-occupied housing units by family type**
Wauwatosa, Wisconsin Renter-occupied housing units by the presence of own children**
A total of 2,766 apartments for rent in Wauwatosa, Wisconsin, or 34% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 1,650 units. All in all, the median size of a renter-occupied household in Wauwatosa, Wisconsin is 1.77.
Wauwatosa, Wisconsin Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 53% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in Wauwatosa, Wisconsin.
Wauwatosa, Wisconsin Renter-occupied units by year structure built**
The highest share of Wauwatosa, Wisconsin apartment rentals, namely 20% or 1,621 units, were Built 1939 or earlier, followed by those Built 1960 - 1969 (14%, 1,169 units), and the ones Built 2010 - 2019 (13%, 1,068 units).
Wauwatosa, Wisconsin Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Wauwatosa, Wisconsin renters (43%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Wauwatosa, Wisconsin condos for rent is 2018.
Wauwatosa, Wisconsin Renter-occupied housing units by vehicles available**
When it comes to transportation options, 54% of Wauwatosa, Wisconsin renters have 1 vehicle available per household, 25% of them have 2 vehicles available, and 19% have No vehicle available.
Wauwatosa, Wisconsin Means of transportation to work of householders living in renter-occupied housing units**
Wauwatosa, 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 Wauwatosa, 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
