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Studio Apartments for Rent in Shorewood, WI

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    Starting at $925 Per Month

    • Studio - 2 Beds

    3438 N Oakland Ave, Milwaukee, WI 53211

    Welcome to Oakland Properties! located next to the University of Wisconsin – Milwaukee, walking distance to Downer Avenue restaurant district, North Avenue shopping district, Oakland Avenue shopping district and Lake Michigan. Near the bus line to Milwaukee School of Engineering and downtown Milwaukee.Contact Our Staff:Leasing Agent 414-350-9081

    Oakland Properties

    3438 N Oakland Ave, Milwaukee, WI 53211

Why Live in Shorewood

Shorewood, WI, is a small village located immediately north of Milwaukee along Lake Michigan. Known for its historical charm, Shorewood features visually diverse homes from the 1920s and '30s, many of which are within walking distance of waterside parks and a central business crossroads. The village offers a quick commute to downtown Milwaukee, which is about 4 miles away. Shorewood's eastern border includes over 1 mile of Lake Michigan shoreline, with public access available at the 5-acre Atwater Park, featuring an 800-foot sand beach, playground, and scenic overlook. On the western side, Estabrook Park and Hubbard Park line the Milwaukee River, offering amenities such as disc golf, soccer fields, skate parks, and beer gardens. Estabrook Park is particularly notable for its communal beer garden, modeled after those in Munich.

The village's commercial corridors, Capitol Drive and Oakland Avenue, host numerous locally owned businesses. Dining options include Benji’s Deli & Restaurant, known for its corned beef sandwiches and matzo ball soup, and Buttermint, which offers a unique twist on American eats and popular Sunday brunches. Shorewood's housing stock is diverse, with single-family homes ranging from Cape Cod and Colonial Revival to Tudor-style and ranch designs. Multi-family developments offer condominiums, duplexes, and townhouses.

Shorewood School District is highly rated, with Lake Bluff Elementary, Atwater Elementary, Shorewood Intermediate School, and Shorewood High School all receiving high marks. Residents enjoy various community events, including the Shorewood Men’s Club Chicken BBQ, Memorial Day celebrations, and Independence Day fireworks at Atwater Park. The Shorewood Farmers Market operates from mid-June to late October in Estabrook Park.

Frequently Asked Questions

How much does it cost to rent a home in Shorewood, WI?
The median rent for a home in Shorewood, WI is $1,600 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Shorewood, WI?
To comfortably afford the median rent in Shorewood, WI, a household needs to earn roughly $64,000 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 $1,600 per month in Shorewood, WI, renters typically need to show $4,800 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 Shorewood, WI?
In Shorewood, WI, the price-to-rent ratio is 31.2, 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.
What neighborhoods in Shorewood, WI are best for renting a home?
The best neighborhood for renting in Shorewood, WI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Lower East Side, Brewers Hill, East Town, Historic Third Ward and Walker's Point, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,600
Median Single Family Home Rent
$1,600
Median Townhouse Rent
$1,900
Median Condo Rent
$1,495
How to Rent a Home