Apartments for Rent in Waunakee, WI

Prices and availability in Waunakee, WI were last updated on 20 Sep 2026.

The best apartments in Waunakee, WI are: Madison & Main, Century Commons Senior Apartments, Knightsbridge Road, Lamphouse Apartments and CANNERY ROW II.

The average rent in Waunakee, WI is $1,493.

The price range for a studio apartment in Waunakee, WI is between $1,455 and $2,705.

The price range for a 1-bedroom apartment in Waunakee, WI is between $998 and $2,870.

The price range for a 2-bedroom apartment in Waunakee, WI is between $1,850 and $3,680.

In Waunakee 23% of the housing is rented out compared to 77% of homes are owned, according to the most recent Census Bureau estimates. 25% of Waunakee's apartments are found in large buildings of 50 units or more, 73% are located in smaller apartment complexes with less than 50 units, and 2% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Waunakee are about 15 years old, on average. Of these, 72% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Waunakee come in a range of sizes and floorplans. Studio apartments represent 2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 55% of the total apartments in the city, while 2-bedroom floorplans represent around 42% of all rentals in Waunakee. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.