Zumper
modified
5 Hours Ago

Highlights

  • Pet Friendly
  • Large windows
  • In-unit washers/dryers
  • Convenient parking
  • Open concept floor plans
  • Generous walk-in closet
  • Bike racks

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 stands out with its prime location, large windows, and spacious living areas enhanced by in-unit washers/dryers and convenient parking. With a Zumper expert rating of 9.1, it reflects an excellent balance of price, amenities, and quality, boasting a remarkable score of 10 for amenities. Residents benefit from a vibrant social scene, numerous fitness options, and accessible work-from-home resources, making it a desirable choice for those seeking a dynamic lifestyle.

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

  • High school nearby
  • Dishwasher
  • Images Available

Great for

  • Eco living
  • Social life
  • Work-from-home

Floor plans

41 bed1 bath674 sqft$1,570 /mo1 unit availableA northern city view + a generous walk-in closet is just the beginning for this unit! With vast windows, natural light flows through every corner. The integrative kitchen/living space offers many options to entertain and room to cook to your heart's content.

Let's explore this property.

Amenities for Mayer MKE

Apartment Amenities

Air ConditioningIn Unit Dryer

Appliances

DishwasherEnergyStar Appliances
Garbage DisposalIn Unit Washer
In-Unit Laundry

Tech

Cable/WiFi Ready

Building

Cats OKCoffee Lounge
Dogs OKFitness Center
Residents Lounge

Grounds

Assigned Parking

Neighborhood

Community Lounge
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

Parking Policy

Assigned Parking

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:

Eco living

  • You can get around by foot in this area
  • 88 parks within a mile
  • Energy efficient appliances
  • On-site recycling or composting options

Social life

  • 415 restaurants within 1 mile of this property
  • Areas nearby are accessible by walking
  • 235 museums, art galleries, or cultural centers within 1 mile
  • 74 theaters, music venues, or sports arenas nearby

Work-from-home

  • 8 internet service provider options nearby
  • 8 coworking spaces or cafes within 1 mile
  • 3 office supply stores within 1 mile
  • Large windows for natural lighting

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
Dishwasher
Dishwasher available in kitchen
Images Available
There are at least 10 photos of this address
Package service
More secure storage for delivery

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

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Rent trends in Historic Third Ward

1-bedroom apartments at Mayer MKE cost about 10% less than the average rent price for 1-bedroom apartments in Historic Third Ward.

Median rents as of Jan 17 2026.
Historic Third Ward
Milwaukee
A table of studio rental data trends in Milwaukee
MonthMedian Rent
February 2024$885
March 2024$914
April 2024$872
May 2024$847
June 2024$849
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$913
A table of studio rental data trends in Historic Third Ward
MonthMedian Rent
March 2024$1,295
April 2024$1,295
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

$62,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $62,800 annually to afford this 1-bedroom monthly rent price of $1,570.
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-
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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

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