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Studio Apartment for Rent in Mukwonago, WI

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    Starting at $1,250 Per Month

    • Studio - 2 Beds

    903 Main St, Mukwonago, WI 53149

    Pointe Apartments - Luxury style apartments located on Phantom Lake in Mukwonago, WI.

    The Pointe Apartments

    903 Main St, Mukwonago, WI 53149

Why Live in Mukwonago

Mukwonago, Wisconsin, is a small, friendly community known for its tight-knit atmosphere and active local involvement. The village's name, derived from the Potawatomi word for "bear's den," is reflected in the wooden bear carvings that adorn many businesses. Housing options in Mukwonago include ranch-style homes, split-levels, bi-levels, Colonial Revivals, and newer Traditional and Craftsman-style homes, particularly in the northwest corner. The Mukwonago Area School District is highly rated, ranking among Wisconsin's top 30 districts, and includes Mukwonago High, known for its strong athletics programs. The village offers a variety of shops and eateries, with downtown featuring vintage buildings and repurposed houses, while the east end hosts chains like ALDI and Walmart. Local attractions include the Mukwonago River State Natural Area, Phantom Lakes, and Mukwonago Park, providing ample things to do for outdoor enthusiasts. The village hosts frequent parades and festivals, including December's Midnight Magic and September's Fall Fest. Mukwonago has a growing population of about 8,500 and is served by major employers in manufacturing and health care, such as Banker Wire and ProHealth Waukesha Memorial Hospital-Mukwonago. Commuters can access Waukesha, 13 miles north, via Wisconsin Highway 83, and Milwaukee, 30 miles east, via Interstate 43. Despite harsher winters with significant snowfall, Mukwonago has lower crime rates compared to Milwaukee and slightly lower figures than the state average.

Frequently Asked Questions

How much does it cost to rent a home in Mukwonago, WI?
The median rent for a home in Mukwonago, WI is $1,500 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Mukwonago, WI?
To comfortably afford the median rent in Mukwonago, WI, a household needs to earn roughly $60,000 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 $1,500 per month in Mukwonago, WI, renters typically need to show $4,500 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 Mukwonago, WI?
In Mukwonago, WI, the price-to-rent ratio is 27.2, 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
$1,500
Median Condo Rent
$2,600
How to Rent a Home