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Studio Apartment for Rent in Pewaukee, WI

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    Starting at $1,135 Per Month

    • Studio - 1 Bed

    N25W24200 River Park Dr, Pewaukee, WI 53072

    Come experience exceptional living at Hidden Ponds Apartments in Pewaukee, Wisconsin! Surrounded by mature trees and wildlife, this community is the perfect blend of modern design & peaceful privacy. Located in the heart of Pewaukee, our beautiful apartments for rent have easy access to both Lake Country and the entire Metro Milwaukee area.Enjoy comfort and relaxation in any of

    Ponds of Pewaukee Associates LLC

    N25W24200 River Park Dr, Pewaukee, WI 53072

Why Live in Pewaukee

Pewaukee, WI, is a small city with a steadily increasing population, currently around 16,000. Known for its rural roots and Pewaukee Lake, the largest lake in Waukesha County, the city offers a variety of attractions including fishing, boating, and ice fishing in the winter. Lakefront Park hosts Waterfront Wednesdays, a popular concert series in June. Pewaukee also features year-round indoor recreation spots like K1 Speed and Sky Zone. The city has a diverse housing market, with options ranging from early 20th-century bungalows and Cape Cods to lakeside mansions and new traditional homes. The Pewaukee School District is highly rated, with a campus near the lake that serves both Pewaukee and the independent Village of Pewaukee. Waukesha County Technical College offers over 150 areas of study, including robotics and cyber security. Pewaukee's industrial parks house major employers like Harken, INC., and RumChata, while healthcare, social services, and retail are also significant employment sectors. Interstate 94 provides easy access to downtown Milwaukee, 17 miles east, and Milwaukee Mitchell International Airport, 23 miles southeast. Despite some flooding in marshy areas, Pewaukee experiences all four seasons with cold, snowy winters and beautiful springs. Property and violent crime rates have slightly increased but remain lower than national and state averages.

Frequently Asked Questions

How much does it cost to rent a home in Pewaukee, WI?
The median rent for a home in Pewaukee, WI is $2,500 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option while townhouses and condos are currently more expensive.
How much do you need to make to afford rent in Pewaukee, WI?
To comfortably afford the median rent in Pewaukee, WI, a household needs to earn roughly $100,000 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 $2,500 per month in Pewaukee, WI, renters typically need to show $7,500 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 Pewaukee, WI?
In Pewaukee, WI, the price-to-rent ratio is 17.2, 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
$2,500
Median Single Family Home Rent
$2,400
Median Townhouse Rent
$2,500
Median Condo Rent
$2,800
How to Rent a Home