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ZIP Code · WI

ZIP 53122

Pop. 6,508·Waukesha County·1st most expensive ZIP in Wisconsin
Median rent (all units)
$3,281/mo
Year-over-Year
Stable
Month-over-Month
-6.2%
vs US Median
+$1,316
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 53122 · $3,281
More expensive than 94% of US ZIP codes · National median $1,965/mo
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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: May 18, 2026

Annual cost
$39,372/yr
At $3,281/mo median
Location
StateWI
CountyWaukesha County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -6.2% 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

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About renting in ZIP 53122

Last updated: May 18, 2026

ZIP code 53122 covers Elm Grove, WI. The median rent here is $3,281/mo as of May 2026. A 1-bedroom rents for a median of $1,560/mo. A 2-bedroom rents for a median of $1,860/mo.

At 25% 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 is rent in ZIP code 53122?

As of May 18, 2026, the median monthly rent in ZIP 53122 (Elm Grove, WI) is $3,281. This is based on aggregated data from public sources and community submissions.

How does ZIP 53122 rent compare to the US average?

ZIP 53122's median rent of $3,281/mo is $1,316 (67%) above the US national median of $1,965/mo.

How does ZIP 53122 compare to other ZIPs in Wisconsin?

ZIP 53122 is one of the pricier ZIP codes in Wisconsin, ranking #1 out of 104 ZIPs tracked at $3,281/mo.

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 $131,000/year (~$63/hour full-time) to afford the median rent of $3,281/mo in ZIP 53122. The local median household income is $157,962/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 53122?

Rent in ZIP 53122 has been relatively stable over the past year, with a 0.0% change year over year as of May 18, 2026.

Is ZIP 53122 an affordable place to rent?

ZIP 53122 is considered affordable for renters. At $3,281/mo, rent takes approximately 25% of the local median household income ($157,962/yr). The standard benchmark is 30%. ZIP 53122 falls comfortably within that range.

What percentage of ZIP 53122 residents rent vs. own?

According to Census data, approximately 11.4% of ZIP 53122 households are renters, while 88.6% are owner-occupied. ZIP 53122 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 53122 compare to the rest of Elm Grove?

ZIP 53122 sits right at the Elm Grove citywide median of $3,281/mo.

When was rent data for ZIP 53122 last updated?

Rent data for ZIP 53122 reflects May 18, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $3,281/mo, rent takes ~25% of ZIP 53122's median household income ($157,962/yr). The standard benchmark is 30%.

ZIP 53122 25%Benchmark 30%
State income tax3.5–7.65%
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Schools nearby

Public schools near ZIP 53122 (Elm Grove, WI)

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