ZIP Code · WI

ZIP 53122

Part of Elm Grove, WI

Pop. 6,508·Waukesha County·1st most expensive ZIP in Wisconsin

Median rent (all units)

$3,421/mo

Year-over-Year

Stable

Month-over-Month

+1.5%

vs US Median

+$1,489

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 53122 · $3,421

More expensive than 95% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,430

1 BR

$1,560

2 BR

$1,860

3 BR

$2,290

4 BR+

$2,480

Research median

$1,860/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: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($157,962) is $3,949 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,480).

Cheaper nearby

ZIP 53005, 1 mile away, rents for 33% less ($2,281/mo), about $13,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 53122. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$41,052/yr

At $3,421/mo median

Location

CityElm Grove

StateWI

CountyWaukesha County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.5% MoM), not inventory.

Demographics

Who lives here

ZIP 53122 (Elm Grove, WI) is majority owner-occupied, has a large retiree population, has a median income above the national average, 74.2% of residents hold a bachelor's degree or higher.

Population

6,508

Median income

$157,962

Median age

44.6

Renters

11.4%

Age distribution

27.3%

24.8%

14.2%

23.4%

Under 1827.3%

18–3410.4%

35–5424.8%

55–6414.2%

65+23.4%

Gender

49.9%

50.1%

Male49.9%

Female50.1%

Race & ethnicity

92.3%

White92.3%

Hispanic2.9%

Asian1.6%

Other3%

Education (25+)

16.3%

74.2%

No HS diploma0.8%

HS diploma8.7%

Some college16.3%

Bachelor's+74.2%

Housing tenure

88.6%

Owner88.6%

Renter11.4%

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

2021 vs 2026

How ZIP 53122 in Elm Grove, WI has changed in 5 years

Income

$115,459 → $157,962

up 36.8%

Population

6,456 → 6,508

up 0.8%

Renter share

11.6% → 11.4%

-0.2 pts

Bachelor's+

65.2% → 74.2%

+9.0 pts

Census figures show median household income at $157,962 today, compared with $115,459 five years earlier. Bachelor's-degree-or-higher attainment moved from 65.2% to 74.2% across the same window.

Community

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Local insights

Tips for renters in ZIP 53122

About renting in ZIP 53122

Last updated: September 25, 2026

ZIP code 53122 covers Elm Grove, WI. The median rent here is $3,421/mo as of September 2026. A 1-bedroom rents for a median of $1,560/mo. A 2-bedroom rents for a median of $1,860/mo.

At 26% of local median household income ($157,962/yr), ZIP 53122 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 53122?

To keep rent at or below 30% of gross income, you would need to earn at least $137,000/year (about $66/hour full-time) to afford the median rent of $3,421/mo in ZIP 53122. The local median household income is $157,962/yr, so the typical household meets that bar.