At $2,016/mo, rent takes about 27% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,016 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
30% of the median household income ($89,861) is $2,247 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,680).
From Zillow's monthly rent index (ZORI) for Grafton. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Grafton, WI is majority owner-occupied, has a large retiree population, has a median income above the national average, 47.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Grafton, WI has changed in 5 years
On the earnings side, the typical household in Grafton, WI now reports about $89,861, up from $77,518 in 2021. Census counts show Grafton, WI adding about 364 residents over the five-year window, up 3.0% on net. The renter share has risen from 32.8% to 38.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 44.4% to 47.2% across the same window.
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Can you afford rent in Grafton on your salary?
At $2,016/mo, how Grafton rent compares to typical pay (30% rule).
Grafton rent by bedroom count
Median rent for each apartment size in Grafton. Click any size for full breakdown.
Tips for renters in Grafton
Last updated: October 17, 2026
The median rent in Grafton is $2,016/mo as of October 2026. A studio apartment averages $930/mo while a 2-bedroom runs $1,240/mo. One-bedroom apartments average $1,040/mo and 3-bedroom units go for $1,540/mo.
At 27% of local median household income ($89,861/yr), Grafton ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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Is rent going up or down in Grafton?
How does Grafton rent compare to other cities in Wisconsin?
Which nearby cities are cheaper to rent in than Grafton?
At $2,016/mo, rent takes ~27% of Grafton's median household income ($89,861/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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