Starting at $1,512 Per Month
- Studio - 2 Beds
405 Bishops Way, Brookfield, WI 53005
Ask about our PEP Program for a $500 One Time Rent Credit!
Brookfield Reserve
(844) 544-0795
Frequently Asked Questions
How much does it cost to rent a home in Brookfield, WI?
The median rent for a home in Brookfield, WI is $2,695 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Brookfield, WI?
To comfortably afford the median rent in Brookfield, WI, a household needs to earn roughly $107,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,695 per month in Brookfield, WI, renters typically need to show $8,085 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Brookfield, WI?
In Brookfield, WI, the price-to-rent ratio is 15.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Brookfield, WI are best for renting a home?
The best neighborhood for renting in Brookfield, WI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Brewers Hill, East Town and Historic Third Ward, each with its own character and price range.
