ZIP Code · WI

ZIP 53051

Part of Menomonee Falls, WI

Pop. 39,559·Waukesha County·31st most expensive ZIP in Wisconsin

Median rent (all units)

$1,621/mo

Year-over-Year

Stable

Month-over-Month

+0.4%

vs US Median

-$311

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 53051 · $1,621

More affordable than 64% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,260

1 BR

$1,370

2 BR

$1,640

3 BR

$2,020

4 BR+

$2,190

Research median

$1,640/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($100,031) is $2,501 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,190).

Cheaper nearby

ZIP 53224, 4 miles away, rents for 14% less ($1,398/mo), about $2,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 53051. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,452/yr

At $1,621/mo median

Location

CityMenomonee Falls

StateWI

CountyWaukesha County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 53051 (Menomonee Falls, WI) is majority owner-occupied, has a large retiree population, has a median income above the national average, 48.2% of residents hold a bachelor's degree or higher.

Population

39,559

Median income

$100,031

Median age

42.4

Renters

26%

Age distribution

22.7%

17%

26%

13.3%

21%

Under 1822.7%

18–3417%

35–5426%

55–6413.3%

65+21%

Gender

48.8%

51.2%

Male48.8%

Female51.2%

Race & ethnicity

83.6%

White83.6%

Black3.6%

Hispanic4.8%

Asian5.6%

Other2.4%

Education (25+)

24%

23.5%

48.2%

No HS diploma4.3%

HS diploma24%

Some college23.5%

Bachelor's+48.2%

Housing tenure

74%

26%

Owner74%

Renter26%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 53051 in Menomonee Falls, WI has changed in 5 years

Income

$90,722 → $100,031

up 10.3%

Population

38,250 → 39,559

up 3.4%

Renter share

24.9% → 26%

+1.1 pts

Bachelor's+

47.7% → 48.2%

+0.5 pts

Median age

41.6 → 42.4

+0.8 yrs

Household income in the area moved from $90,722 to $100,031 across the same window, up 10.3% versus 2021. Headcount in the area went from 38,250 to 39,559 between 2021 and 2024, a 3.4% change.

Community

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Local insights

Tips for renters in ZIP 53051

About renting in ZIP 53051

Last updated: October 17, 2026

ZIP code 53051 covers Menomonee Falls, WI. The median rent here is $1,621/mo as of October 2026. A 1-bedroom rents for a median of $1,370/mo. A 2-bedroom rents for a median of $1,640/mo.

At 19% of local median household income ($100,031/yr), ZIP 53051 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 53051?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (about $31/hour full-time) to afford the median rent of $1,621/mo in ZIP 53051. The local median household income is $100,031/yr, so the typical household meets that bar.