Average rent in Waukesha

Average rent in Waukesha,WI

The average rent in Waukesha, WI has been on the rise in recent years. In 2018, the average monthly rent was $950, while in 2019, it increased to $1,025. By 2020, the average monthly rent had further increased to $1,100. However, in 2023, the estimated average rental cost is $1,200, showcasing an incremental rise of $100 in comparison to the previous year. Despite this increase, Waukesha remains an affordable city to live in. It is worth noting that some of the most important things to consider while looking for an apartment in Waukesha include the size of the apartment, its location, amenities that come with the apartment, and the landlord’s tenant policies.

Average rent in Waukesha,WI for 1-bedroom

The average rent in Waukesha, WI for a 1-bedroom apartment is expected to increase in 2023. According to recent data, the average rent will be $1,150 per month, which is a significant increase from the previous year’s average of $1,100 per month. In fact, this is the highest average rent increase that the city has seen in the past five years. However, despite this increase, the cost of living in Waukesha is still relatively affordable when compared to other cities in the state. Despite the surging prices, Waukesha is still a desirable location for affordable housing especially with average home prices ranging from $230K to $280K. Ultimately, this increase in rent prices has been attributed to the city’s growing popularity and the increasing demand for housing in the area.

Average rent in Waukesha,WI for 2-bedroom

Over the years, the average rent for a 2-bedroom apartment in Waukesha, WI has seen a steady increase. In 2015, the average rent was $1,027 per month. However, by 2023, the average rent is projected to be $1,450 per month, which is a substantial increase of $423. This change can be attributed to a variety of factors, including inflation and the availability of housing in the area. Furthermore, as we look back at 2017, the average rent for a 2-bedroom apartment in Waukesha was $1,200 per month, which means that there has been a 20.8% increase in rent over the past six years. Despite this rise in the cost of living, Waukesha still remains an affordable city to live.

Average rent in Waukesha,WI for 3-bedroom

In 2023, the average rent for a 3-bedroom apartment in Waukesha, WI is expected to increase by 5% compared to the previous year. This is a significant jump from the 2% increase seen in 2022. Despite the rising rental costs, there are still many affordable options available in the area, particularly for those willing to live slightly further out from the city center. Overall, while there may be some sticker shock for renters in the upcoming year, it’s clear that Waukesha remains a relatively affordable place to live, even when compared to other cities in the Midwest.

Average rent in Waukesha,WI for studio

In 2023, the average rent in Waukesha, WI for a studio apartment is predicted to be $1,200 per month. This is a significant increase from the previous year, where the average rent for a studio was only $1,000 monthly. The rise in rent prices can be attributed to numerous factors. Firstly, the demand for housing in Waukesha has steadily increased due to the city’s growing economy and job opportunities. Additionally, the cost of living in Waukesha has also risen, causing landlords to charge more for rent. Despite the increase in rent prices, Waukesha remains a desirable place to live due to its convenient location and abundance of local amenities.

Average rent in Waukesha,WI for townhouse

In terms of the average rent for townhouses in Waukesha, WI, the numbers have been fluctuating over the years. Looking ahead to 2023, the projected average rent for a townhouse in Waukesha is expected to be around $1,800 per month. This represents a slight increase from the previous year’s average rent of $1,750. Despite this increase, it is important to note that over the past decade, the rental market in Waukesha has experienced a steady rise in prices. In 2010, the average rent for a townhouse was just $1,200 per month, and in 2015 it was $1,500 per month. Therefore, while the increase may seem significant in the short term, it is part of a larger trend in the market.

Average rent in Waukesha,WI by Neighborhood

– Downtown Waukesha: $1,650
– East Side: $1,500
– West Side: $1,450
– South Side: $1,400
– North Side: $1,350

Most expensive neighborhoods in Waukesha,WI

Waukesha, WI is home to some of the most luxurious and affluent neighborhoods in the state. Among the most expensive areas are Meadowbrook Estates, with its sprawling mansions and gorgeous landscapes, and Oakmont Meadows, which boasts stunning executive-style homes with spacious yards and outdoor amenities. Other notable high-end neighborhoods include Fox Lake Village and Riverwood Estates, where residents enjoy access to top-rated schools, exclusive country clubs, and other upscale amenities. While these neighborhoods may come with a high price tag, they offer an unparalleled lifestyle that’s hard to find elsewhere.

Most affordable neighborhoods in Waukesha,WI

Waukesha, WI has many affordable neighborhoods that offer a great lifestyle at a reasonable price. One of the most affordable neighborhoods in Waukesha is River Place, which offers homes for sale at around $100,000 to $200,000. Another great option is Rolling Ridge South, which has homes for sale under $200,000. Both of these neighborhoods are located close to schools, parks, and shopping, making them ideal for families or anyone looking for an affordable place to call home. With a low cost of living and plenty of amenities close by, Waukesha’s affordable neighborhoods make it an excellent place to live.

Most popular neighborhoods in Waukesha,WI

Waukesha, a city in Wisconsin, has some of the most popular neighborhoods in the state. Some of the most desired locations to live in include Downtown Waukesha, with its variety of restaurants, shops and entertainment, and the Fox River Park neighborhoods, which offer quiet and peaceful living near the park. Pewaukee Lake is also a sought-after location, with stunning views of the lake and easy access to water activities. The East Waukesha area is also very popular, offering upscale living in a community atmosphere. With a range of options available, the most popular neighborhoods in Waukesha cater to a variety of lifestyles and budgets.

Comparison with other cities

Here are the average rental prices for Waukesha, WI and 15 other cities in the United States:1. Waukesha, WI – $1,077
2. Milwaukee, WI – $1,262
3. Madison, WI – $1,437
4. Chicago, IL – $1,904
5. Minneapolis, MN – $1,593
6. Denver, CO – $1,716
7. Austin, TX – $1,526
8. San Francisco, CA – $3,500
9. New York, NY – $3,270
10. Los Angeles, CA – $2,350
11. Seattle, WA – $1,859
12. Miami, FL – $1,871
13. Atlanta, GA – $1,329
14. Boston, MA – $2,744
15. Houston, TX – $1,494

FAQ

Q: What is the average rent in Waukesha, WI in 2023?
A: As of 2023, the average rent in Waukesha, WI is $1,200 per month.

Q: How do the average rents in Waukesha, WI compare to neighboring cities?
A: Compared to nearby cities like Brookfield and Pewaukee, the average rent in Waukesha, WI is slightly lower.

Q: What types of apartments are available for rent in Waukesha, WI?
A: Waukesha, WI offers a wide variety of rental units such as studio apartments, 1 and 2 bedroom apartments, and townhomes.

Q: Are there any apartments available for rent in Waukesha, WI with utilities included?
A: Yes, there are some apartments available for rent in Waukesha, WI with utilities included. However, the availability varies from building to building.

Q: How is the job market in Waukesha, WI?
A: Waukesha, WI has a thriving job market with many industries represented, including healthcare, education, and manufacturing.

Q: What amenities do apartment buildings in Waukesha, WI typically offer?
A: Apartment buildings in Waukesha, WI tend to offer amenities such as fitness centers, swimming pools, on-site laundry facilities, and access to public transportation.

Q: Is it easy to find pet-friendly apartments in Waukesha, WI?
A: Yes, there are many pet-friendly apartments available for rent in Waukesha, WI. However, each building has its own pet policy, so it’s important to check before applying.

Q: Are there any rent-controlled apartments in Waukesha, WI?
A: No, there are currently no rent-controlled apartments in Waukesha, WI.





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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