At $1,615/mo, rent takes about 22% 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 $1,615 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
Rent in Shorewood changed +4.8% over the year to September 2026. Across the 42 Wisconsin cities Zillow tracks, the typical change was +5.3%.
Rent has risen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($86,726) is $2,168 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,070).
Milwaukee, 4 miles away, rents for 11% less ($1,443/mo), about $2,100 a year in savings.
From Zillow's monthly rent index (ZORI) for Shorewood. 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
Shorewood, WI is roughly split between renters and owners, 75.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Shorewood, WI has changed in 5 years
Median household income grew from $81,016 to $86,726 between 2021 and 2024, a 7.0% shift. About 54.4% of households rent today, against 51.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 78.5% to 75.6%.
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Can you afford rent in Shorewood on your salary?
At $1,615/mo, how Shorewood rent compares to typical pay (30% rule).
Shorewood rent by bedroom count
Median rent for each apartment size in Shorewood. Click any size for full breakdown.
Tips for renters in Shorewood
Last updated: October 17, 2026
The median rent in Shorewood is $1,615/mo as of October 2026. A studio apartment averages $1,140/mo while a 2-bedroom runs $1,530/mo. One-bedroom apartments average $1,290/mo and 3-bedroom units go for $1,900/mo.
At 22% of local median household income ($86,726/yr), Shorewood ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.8% over the past year.
Frequently asked questions
How much income do you need to rent in Shorewood?
Is rent going up or down in Shorewood?
How does Shorewood rent compare to other cities in Wisconsin?
Which nearby cities are cheaper to rent in than Shorewood?
At $1,615/mo, rent takes ~22% of Shorewood's median household income ($86,726/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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