Zumper
modified
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Highlights

  • Pet Friendly
  • Large windows
  • Portable kitchen island
  • In-unit washers/dryers
  • Convenient parking
  • Open concept floor plans
  • Large walk-in closet

Location

342 N Water St, Milwaukee, WI 53202, USA|Historic Third Ward
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Contact

Management

342 North Water, LLC

Leasing office

(414) 219-0057

Property Overview

Mayer MKE is a highly rated community with an overall Zumper Expert Rating of 8.7/10, offering strong value for price, quality, and location. Renters can expect convenient amenities like in-unit washers/dryers, open concept layouts, large windows, a portable kitchen island, spacious walk-in closets, and parking, along with extensive photos that provide a clear view of the property. Its strong value per square foot and proximity to a top-rated high school further enhance its appeal for a range of renters.

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

9.4
Excellent
Mayer MKE is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.

Things you’ll love

  • More space
  • High school nearby
  • Images Available

Great for

  • Wellness
  • Social life
  • Eco living

Floor plans

111 bed1 bath990 sqft$2,100 /mo1 unit availableAt just shy of 1,000 square feet, floorplan 11 is more of a home than an apartment! The oversized living room hinges off of a corner kitchen and offers a layout with plenty of space for both a kitchen table, as well as a portable kitchen island, should you choose to add one. The east facing wall of operable, oversized windows run the length of the kitchen and living room to brighten this expansive, open floorplan. The bedroom, boasting a large walk-in closet, welcomes natural light in a true loft style. A generous size bathroom incorporates a roomy shower and plenty of storage. The welcoming entry provides an area for decorative touches. In-unit laundry and a substantial front hall closet finish off this well designed layout. Located in the heart of The Historic Third Ward, an apartment this large is difficult to find in the area.

Let's explore this property.

Amenities for Mayer MKE

Apartment Amenities

High Ceilings

Appliances

In-Unit LaundryStainless Steel Energy Star Appliances
Washer and Dryer

Tech

Climate Control

Building

Cats OKCoffee Lounge
Controlled AccessDogs OK
Fitness CenterResidents Lounge

Services

Micro Market

Neighborhood

Location
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.
9.4
/10
Excellent
Mayer MKE is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
How we rated Mayer MKE
Price·10A 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.
Mayer MKE offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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.
Mayer MKE 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.
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·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.

Mayer MKE is great for:

Wellness

  • On-site fitness center or gym
  • Ample windows and natural lighting
  • 92 parks nearby
  • 76 gyms or yoga centers nearby

Social life

  • 414 restaurants within 1 mile of this property
  • Areas nearby are accessible by walking
  • 107 local event hubs within 1 mile
  • 235 museums, art galleries, or cultural centers within 1 mile

Eco living

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

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

More space
The 1-bedroom is 446 sqft larger than other listings nearby
High school nearby
There is a high school 0.3 mile away
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 in-unit dishwasher
Dishwashers aren't available
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

1-bedroom apartments at Mayer MKE cost about 12% more than the average rent price for 1-bedroom apartments in Historic Third Ward.

Median rents as of Jun 6 2026.
Historic Third Ward
Milwaukee
A table of studio rental data trends in Milwaukee
MonthMedian Rent
June 2024$847
July 2024$818
August 2024$825
September 2024$834
October 2024$890
November 2024$1,110
December 2024$1,072
January 2025$911
February 2025$855
March 2025$846
April 2025$846
May 2025$887
June 2025$864
July 2025$874
August 2025$895
September 2025$898
October 2025$912
November 2025$942
December 2025$961
January 2026$902
February 2026$909
March 2026$885
April 2026$895
May 2026$912
June 2026$915
A table of studio rental data trends in Historic Third Ward
MonthMedian Rent
June 2024$1,350

Affordability calculator

Can I afford to live at 342 N Water St?

Bedrooms

1 bedroom

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

$84,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $84,000 annually to afford this 1-bedroom monthly rent price of $2,100.
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
Roundy's Supermarkets, Inc
875 E Wisconsin Ave
Grand Avenue Market
612 W Wisconsin Ave

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