20

Studio Apartments for Rent in Janesville, WI

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  • /50

    Starting at $1,400 Per Month

    • Studio - 3 Beds

    800 Myrtle Way, Janesville, WI 53545

    Idylwood is Janesville's newest apartment community, offering a tranquil lifestyle with convenient interstate access. Nestled near parks, trails, and golf courses, it's a pet-friendly community with townhome and apartment options.Apartments feature high-quality finishes and spacious floor plans. Amenities include a resort-style pool, gourmet grilling area, social lounge, 24-hour fitness center,

    The Idylwood

    (608) 813-8351

    800 Myrtle Way, Janesville, WI 53545
  • /15

    $890 Per Month

    • Studio
    • 1 Bath
    • 750 Sq Ft
    • Townhouse for Rent

    425 S Jackson St, Janesville, WI 53548

    Step into this beautiful 1-bedroom, 1-bath upper unit located near downtown Janesville. With a spacious, open layout and fresh paint throughout, this unit has a lot to offer! It is not pet friendly, and water is included in rent. Apply online at before a showing!Property Restrictions - Pet Policy: Not Pet FriendlySmoking Policy: No SmokingProperty Description

    (608) 530-1346

    425 S Jackson St, Janesville, WI 53548
  • /26

    Starting at $905 Per Month

    • Studio - 2 Beds

    5 S High St, Janesville, WI 53548

    Now Leasing! The Monterey Apartments offers Janesville's first and only downtown luxury apartments. Step inside the historic two-story lobby and you will see the attributes that make this property truly unique. From the custom railings on the balcony to the refinished terrazzo flooring, the Monterey perfectly blends art deco elements with first class modern amenities. Boasting key fob entry,

    Monterey Apartments

    (608) 530-6308

    5 S High St, Janesville, WI 53548

Why Live in Janesville

Janesville's Rotary Botanical Gardens showcases 24 themed gardens with over 4,000 plant varieties across 20 stunning acres. The Rock Aqua Jays perform world-class water ski shows at Traxler Park, while the historic Lincoln-Tallman House preserves local heritage. Residents enjoy four distinct seasons with access to over 2,500 acres of parkland, including Rockport Park, the city's largest park featuring a pool, trails, and historic farmstead. The downtown area buzzes with activity at the seasonal farmers market in Town Square and hosts numerous dining options like Wissota Chophouse, known for Certified Angus Beef, and Genisa Wine Bar, which pairs Italian cuisine with Wisconsin influences.

The housing market in Janesville includes properties ranging from $137,000 to $729,000. The median sale price across all properties is $272,000, with single family homes having a median price of $279,300. One bedroom condos have a median price of $150,000, while two bedroom condos have a median price of $250,000. Single family homes are prevalent throughout the city, with median prices varying significantly by neighborhood. Courthouse Hill commands $351,300, while Downtown Janesville single family homes have a median price of $153,000.

Living costs in Janesville run 3.6% below the national average. A family with school age children should plan for a salary of $103,000 to live comfortably, with approximately $25,000 annually for housing and $18,000 for groceries. Renters need about $50,000 yearly, allocating $18,000 for housing and $8,000 for groceries. The property tax rate stands at 1.69%, comparable to nearby Madison at 1.71% but lower than Rockford, Illinois at 2.48%. Public education includes highly rated schools like Harmony Elementary and Roosevelt Elementary, both receiving A minus ratings from Niche.

Frequently Asked Questions

How much does it cost to rent a home in Janesville, WI?
The median rent for a home in Janesville, WI is $1,125 per month, though prices vary by neighborhood, size, and property type. As of June 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 Janesville, WI?
To comfortably afford the median rent in Janesville, WI, a household needs to earn roughly $45,000 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 $1,125 per month in Janesville, WI, renters typically need to show $3,375 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 Janesville, WI?
In Janesville, WI, the price-to-rent ratio is 18.9, 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 in Janesville, WI

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,125
Median Single Family Home Rent
$1,750
Median Condo Rent
$1,095
How to Rent a Home