Rent in Elm Grove, WI
A 2-bedroom in Elm Grove, WI (ZIP 53122) typically rents for about $1,680 a month, with a range of $1,263–$1,680. Owner-occupied homes in Waukesha County pay about 1.14% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $985 | $985 | 1 |
| 1 bed | $2,583 | $1,060–$2,583 | 1 |
| 2 beds | $1,680 | $1,263–$1,680 | 1 |
| 3 beds | $1,553 | $1,553 | 1 |
| 4 beds | $1,664 | $1,664 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Elm Grove ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Elm Grove, WI?
- About $1,680 a month: the median of the typical rents in 1 ZIP code, which range from $1,263–$1,680. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Elm Grove, WI?
- About $2,583 a month: the median of the typical rents in 1 ZIP code, which range from $1,060–$2,583. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Elm Grove, WI?
- About $1,553 a month: the median of the typical rents in 1 ZIP code, which range from $1,553. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Elm Grove, WI?
- About $985 a month: the median of the typical rents in 1 ZIP code, which range from $985. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Elm Grove, WI?
- About $1,664 a month: the median of the typical rents in 1 ZIP code, which range from $1,664. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Elm Grove, WI?
- Owner-occupied homes in Waukesha County pay a typical 1.14% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Elm Grove rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).