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Updated 1 Day Ago

Highlights

  • Pet Friendly
  • Community room
  • Dishwasher
  • Modern kitchen
  • Resident lounge
  • In-unit laundry
  • Modern living

Location

2420 E Capitol Dr, Shorewood, WI 53211, USA
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Contact

Management

Theater Terrace | Fulton Grace Property Management

Leasing office

(414) 279-7163

Property Overview

The Atwater is rated as a strong rental option, with standout amenities, a prime location, and solid trustworthiness reflected in its overall 7.3 score. It also offers practical advantages like 50 photos, in-unit laundry, a modern kitchen, a resident lounge, a community room, and a high value per square foot, along with nearby top-rated schools.

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

7.3
Very Good
The Atwater is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Price, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • More space
  • Elementary school nearby
  • Middle school nearby

Great for

  • Pet owners

Floor plans

D32 bed2 bath1,182 sqft$2,695 /mo1 unit availableAvailable Now! Welcome to The Atwater – your next home in the heart of Shorewood, where modern living meets lakeside charm. Nestled near the lake, beaches, shops, and restaurants, this exceptional apartment community offers the perfect balance of relaxation and convenience. Each thoughtfully designed apartment features hard plank flooring, in-unit laundry, and forced heat and A/C for year-round comfort. Cook with ease in a modern kitchen complete with stainless steel appliances, a dishwasher, and microwave, with a spacious island featured in most units. Enjoy premium amenities including a pet spa, fitness room, resident lounge, and secure parcel room—plus garage parking and a pet-friendly policy (up to two cats or dogs). Don’t miss your chance to live in this vibrant Shorewood community—schedule a tour at The Atwater today! ***Photos and floor plans may be of a similar unit in the same building. $500 credit if applying on the same day as touring for any leases starting on or before 8/1. *** Presented by Fulton Grace Realty!
D62 bed2 bath1,197 sqft$2,830–$2,880 /mo2 units availableWelcome to The Atwater – your next home in the heart of Shorewood, where modern living meets lakeside charm. Nestled near the lake, beaches, shops, and restaurants, this exceptional apartment community offers the perfect balance of relaxation and convenience. Each thoughtfully designed apartment features hard plank flooring, in-unit laundry, and forced heat and A/C for year-round comfort. Cook with ease in a modern kitchen complete with stainless steel appliances, a dishwasher, and microwave, with a spacious island featured in most units. Enjoy premium amenities including a pet spa, fitness room, resident lounge, and secure parcel room—plus garage parking and a pet-friendly policy (up to two cats or dogs). Don’t miss your chance to live in this vibrant Shorewood community—schedule a tour at The Atwater today! ***Photos and floor plans may be of a similar unit in the same building. $500 credit if applying on the same day as touring for any leases starting on or before 8/1. *** Presented by Fulton Grace Realty!
D52 bed2 bath1,261 sqft$2,885 /mo1 unit availableWelcome to The Atwater – your next home in the heart of Shorewood, where modern living meets lakeside charm. Nestled near the lake, beaches, shops, and restaurants, this exceptional apartment community offers the perfect balance of relaxation and convenience. Each thoughtfully designed apartment features hard plank flooring, in-unit laundry, and forced heat and A/C for year-round comfort. Cook with ease in a modern kitchen complete with stainless steel appliances, a dishwasher, and microwave, with a spacious island featured in most units. Enjoy premium amenities including a pet spa, fitness room, resident lounge, and secure parcel room—plus garage parking and a pet-friendly policy (up to two cats or dogs). Don’t miss your chance to live in this vibrant Shorewood community—schedule a tour at The Atwater today! ***Photos and floor plans may be of a similar unit in the same building. $500 credit if applying on the same day as touring for any leases starting on or before 8/1. *** Presented by Fulton Grace Realty!

Let's explore this property.

Amenities for The Atwater

Apartment Amenities

Air ConditioningPrivate Balcony

Appliances

DishwasherGarbage Disposal
In-Unit LaundryMicrowave
OvenOven/Range
RangeRefrigerator
Stainless Steel AppliancesWasher and Dryer

Tech

High Speed Internet Access

Building

Cats OKCoffee Bar
Community RoomControlled Access
Dogs OKFitness Center
Indoor ParkingPackage Room
Pet Spa

Services

On-Site ManagementPackage Service
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

Units39
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About The Atwater

HomeApartments in Shorewood The Atwater

Welcome to The Atwater, a luxurious 39-unit apartment building nestled in the beautiful neighborhood of Shorewood, WI, just two blocks away from Atwater Beach and the breathtaking Lake Michigan. Experience the epitome of modern living with our thoughtfully designed apartments that boast premium finishes and features, large windows and spacious balconies, and intentional design. Curated community amenities will make you feel right at home! From our luxury stainless steel appliances, spacious apartment breakfast bars & counters to our exquisite quartz countertops, every detail has been carefully chosen to provide our residents with the best possible living experience. The Atwater is not just an apartment building, it's a lifestyle. We provide our residents with access to a private gym, perfect for a quick workout before hitting the beach, a community room for group gatherings, private covered parking to keep you & your car clean and a secured fob-key entry for peace of mind.


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.
7.3
/10
Very Good
The Atwater is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Price, but it offers a satisfying, above-average quality of life.
How we rated The Atwater
Price·5A 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.
Monthly rent at The Atwater is significantly more expensive than other properties in local neighborhoods. Because of the risk associated with the significant cost difference, this building received a 5/10. Some might think the increased cost is justified by the amenities, but it's worth taking a thorough look for yourself and deciding if any premium benefits are worth the extra expense.
Amenities·10A 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.
The Atwater stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Atwater 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·6A 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.
While The Atwater does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

The Atwater is great for:

Pet owners

  • 3 pet grooming services nearby
  • 2 pet hospitals in the area
  • 5 pet supply stores near the property

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 The Atwater compares to other nearby properties.

Positives

More space
The 1-bedroom is 1197 sqft larger than other listings nearby
More space
The 2-bedroom is 363 sqft larger than other listings nearby
Elementary school nearby
There is an elementary school 0.2 mile away
Middle school nearby
There is a middle school 1 mile away
Dishwasher
Dishwasher available in kitchen
Images Available
There are at least 10 photos of this address
Package service
More secure storage for delivery

Considerations

Priced higher than average
2-bedrooms are $1336 more than the median rent in this area

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Rent trends in Shorewood

If you decide to upgrade your space, you can expect 2-bedrooms at The Atwater to be 75% more than the average for similarly sized apartments in Shorewood.

Median rents as of Jul 25 2026.
Shorewood
A table of studio rental data trends in Shorewood
MonthMedian Rent
August 2024$895
March 2025$895
April 2025$895
May 2025$904
June 2025$933
July 2025$920
August 2025$895
September 2025$919
March 2026$906
April 2026$929
May 2026$947
June 2026$953
July 2026$950

Affordability calculator

Can I afford to live at 2420 E Capitol Dr?

Bedrooms

2 bedrooms

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

$113,200/yr

With your selected rent-to-income ratio, you'd ideally want to make $113,200 annually to afford this 2-bedrooms median monthly rent price of $2,830.
For more information on rent affordability, visit our rent calculator.

Schools near The Atwater

Atwater Elementary School

2100 e capitol dr

shorewood, WI, 53211

PK, K-6Public
A

Grant Gordon Learning Center

921 w meinecke ave

milwaukee, WI, 53206

PK, KPublic
B-

Acelero Learning - Teutonia Center

5719 north teutonia ave

milwaukee, WI, 53209

PKPublic

Acelero Learning - Penfield Children's Center

833 north 26th st

milwaukee, WI, 53233

PKPublic

Acelero Learning - JO's Learning Academy

4801 west north ave

milwaukee, WI, 53208

PKPublic
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Internet available near The Atwater

Getting around Shorewood near 2420 E Capitol Dr

Walking

6/10
Some shops and stores are within a few minutes.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 2420 E Capitol Dr, Shorewood

Groceries

9/10
Wide variety of groceries within a few minutes' walk

Shopping

6/10
Variety of shops within a short drive

Cafes

5/10
Variety of cafés within a short drive

Restaurants

7/10
Wide variety of restaurants within a short drive, including some within walking distance

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

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

Parks

8/10
Very large amount of park space within a few minutes' walk

Nightlife

7/10
Wide variety of bars within a short drive, including some within walking distance

Explore the area around 2420 E Capitol Dr

City Market
2205 E Capitol Dr
The City Market Cafe & Bakehouse
2205 E Capitol Dr
Metro Market
4075 N Oakland Ave
Walmart Supercenter
401 E Capitol Dr
Nehring's Sendiks on Donwer
2643 N Downer Ave

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