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Updated 5 Hours Ago

Highlights

  • Pet Friendly
  • Large windows
  • In-unit washers/dryers
  • Convenient parking
  • Open concept floor plans
  • Bike racks
  • One-bedroom and studio apartments

Location

342 N Water St, Milwaukee, WI 53202, USA|Historic Third Ward
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Tour Mayer MKE

Contact

Management

342 North Water, LLC

Leasing office

(414) 219-0057

Property Overview

Mayer MKE offers studio and one-bedroom apartments with open concept floor plans, large windows, in-unit washers and dryers, convenient parking, and bike racks. Its strong photo gallery gives renters a clear, quick look at the property, adding helpful visual context when considering the space.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.0
Very Good
With a solid 8 out of 10 overall, Mayer MKE is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Mayer MKE has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • High school nearby
  • More space
  • Images Available

Great for

  • Pet owners
  • Eco living
  • Social life

Floor plans

15Studio1 bath535 sqft$1,400 /mo1 unit availableStudio apartments in the Historic Third Ward can be difficult to find, but you are in luck with floorplan 15 at the Mayer. This is a well-designed 535 sf studio that maximizes all the space and boasts a large bathroom. Deviating from a traditional studio feel, the bedroom and kitchen do have some separation to allow for privacy + structure. With an oversized south exposure window in the living room, there is no shortage of light in this beautiful studio apartment.

Let's explore this property.

Amenities for Mayer MKE

Appliances

Energy Star Kitchen ApplianceIn-Unit Laundry
Washer and Dryer

Building

Cats OKDogs OK
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units60
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About Mayer MKE

HomeApartments in MilwaukeeHistoric Third Ward Mayer MKE

The Mayer Apartments offer all-new, bright & airy, one-bedroom and studio apartments with open concept floor plans and views of downtown and the Third Ward. Modern appliances and finishes, large windows with an abundance of natural light, in-unit washers/dryers, convenient parking and bike racks are just some of the first-class amenities. From the main entrance on Water Street, you’ll access your apartment floor securely with your own elevator key. Almost every apartment has a unique floor plan – maintaining the historic charm of the building but updated with beautiful, modern, energy-efficient windows and fixtures. Floor and surfaces are modern and neutral.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.0
/10
Very Good
With a solid 8 out of 10 overall, Mayer MKE is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Mayer MKE has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.
How we rated Mayer MKE
Price·7A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
While the monthly rent is more than the median price per bedroom of nearby properties, Mayer MKE has other amenities and features that might compensate for the increased price. The higher monthly rent potentially reflects a higher quality of living that renters might find here, compared to other properties in the area.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Mayer MKE is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Mayer MKE is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Mayer MKE has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Mayer MKE provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Mayer MKE is great for:

Pet owners

  • 1 dog park within 1 mile
  • 3 pet hospitals in the area
  • 5 pet supply stores near the property

Eco living

  • 79 parks within a mile
  • You can get around by foot in this area
  • Public transit available nearby
  • Energy efficient appliances

Social life

  • 424 restaurants within 1 mile of this property
  • Areas nearby are accessible by walking
  • 90 local event hubs within 1 mile
  • 72 theaters, music venues, or sports arenas nearby

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Mayer MKE compares to other nearby properties.

Positives

High school nearby
There is a high school 0.3 mile away
More space
Studio is 535 sqft larger than other listings nearby
Images Available
There are at least 10 photos of this address

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away
Greater distance from middle schools
The nearest middle school is farther than 1 mile away
No laundry facilities available
This property doesn't offer on-site or in-unit washers and dryers

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Rent trends in Historic Third Ward

Median rents as of Sep 12 2026.
Historic Third Ward
Milwaukee
A table of 1-bedroom apartment rental data trends in Milwaukee
MonthMedian Rent
September 2024$1,045
October 2024$1,035
November 2024$1,049
December 2024$1,002
January 2025$998
February 2025$998
March 2025$1,000
April 2025$1,057
May 2025$1,081
June 2025$1,097
July 2025$1,119
August 2025$1,144
September 2025$1,116
October 2025$1,099
November 2025$1,091
December 2025$1,095
January 2026$1,101
February 2026$1,101
March 2026$1,095
April 2026$1,095
May 2026$1,105
June 2026$1,099
July 2026$1,096
August 2026$1,095
September 2026$1,095
A table of 1-bedroom apartment rental data trends in Historic Third Ward
MonthMedian Rent
September 2024$1,623
October 2024$1,609
November 2024$1,543
December 2024$1,587
January 2025$1,721
February 2025$1,747
March 2025$1,750
April 2025$1,743
May 2025$1,847
June 2025$1,822
July 2025$1,757
August 2025$1,776
September 2025$1,777
October 2025$1,749
November 2025$1,762
December 2025$1,761
January 2026$1,750
February 2026$1,738
March 2026$1,732
April 2026$1,740
May 2026$1,853
June 2026$1,868
July 2026$1,799
August 2026$1,793
September 2026$1,662

Affordability calculator

Can I afford to live at 342 N Water St?

Bedrooms

Studio

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$56,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $56,000 annually to afford this studio monthly rent price of $1,400.
For more information on rent affordability, visit our rent calculator.

Schools near Mayer MKE

Cass Street Elementary School

1647 n cass st

milwaukee, WI, 53202

PK, K-8Public
C-

Milwaukee Academy of Chinese Language

2430 w wisconsin ave

milwaukee, WI, 53233

PK, K-8Public
C-

Acelero Learning - Penfield Children's Center

833 north 26th st

milwaukee, WI, 53233

PKPublic

Grant Gordon Learning Center

921 w meinecke ave

milwaukee, WI, 53206

PK, KPublic
B-

Acelero Learning - JO's Learning Academy

4801 west north ave

milwaukee, WI, 53208

PKPublic
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Internet available near Mayer MKE

Getting around Milwaukee near 342 N Water St

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

7/10
This area is close to freeways and has adequate parking options.

Transit

7/10
Popular public transit options are just a short walk from this location.

Points of interest for 342 N Water St, Milwaukee

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

9/10
Variety of shops within a few minutes' walk

Cafes

6/10
Variety of cafés within walking distance

Restaurants

8/10
Variety of restaurants within a few minutes' walk

Primary schools

3/10
No elementary schools within a 30-minute walk

High schools

8/10
At least one high school within a 10-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

9/10
Variety of bars within a few minutes' walk

Explore the area around 342 N Water St

Foltz Family Market
400 N Water St
Milwaukee Public Market
400 N Water St
Oro Di Oliva
400 N Water St
Metro Market
1123 N Van Buren St
Pick'n Save
605 E Lyon St

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