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Studio Apartment for Rent in Elm Grove, WI

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    Starting at $1,791 Per Month

    • Studio - 2 Beds

    405 Bishops Way, Brookfield, WI 53005

    LUXURY LIVING DONE RIGHTEnsconced by foliage a mere stone's throw from the highway, Brookfield Reserve offers private luxury and urban sophistication in equal measure. Each apartment welcomes you with chic design and upscale amenities, whether you opt for a studio, 1- or 2-bedroom residence. Outside you'll find beautiful communal spaces where you can share a game with friends or just

    Brookfield Reserve

    405 Bishops Way, Brookfield, WI 53005

Why Live in Elm Grove

Elm Grove, Wisconsin is located in eastern Waukesha County. The village offers a quiet suburban atmosphere with a strong sense of community. It's known for its green spaces and trails, providing ample opportunities for outdoor activities. Homes in Elm Grove, primarily built from the 1970s onward, include contemporary ranch-style houses, Cape Cods and custom-built estates, often situated on lots of half an acre or more. The local real estate market is in high demand, with homes typically priced higher than in neighboring areas. Elm Grove is served by the highly rated School District of Elmbrook, with students attending Tonawanda Elementary, Pilgrim Park Middle and Brookfield East High School. Private education options include the highly rated Brookfield Christian School and St. Mary's Visitation Parish School. The village is well-connected, with West Bluemound Road and Interstate 94 providing a 10-mile route to Milwaukee. Local attractions include a seasonal beer garden in Elm Grove Park, which also features live music and food trucks. Dining options in Elm Grove include Zisters and Nona. The village hosts various community events throughout the year, like the Memorial Day Parade, Tunes on Tuesday, the Elm Grove Wine and Art Walk and Oktoberfest.

Frequently Asked Questions

How much does it cost to rent a home in Elm Grove, WI?
The median rent for a home in Elm Grove, WI is $2,625 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Elm Grove, WI?
To comfortably afford the median rent in Elm Grove, WI, a household needs to earn roughly $105,000 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 $2,625 per month in Elm Grove, WI, renters typically need to show $7,875 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 Elm Grove, WI?
In Elm Grove, WI, the price-to-rent ratio is 21.9, 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.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$2,625
Median Single Family Home Rent
$2,962
Median Condo Rent
$1,790
How to Rent a Home