Average Rent in 53204, Milwaukee, WI

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Current Versus Historical 53204, Milwaukee, WI Rents

53204 rentals average $645 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,310, or roughly $2 per square feet.
For the apartment units and housing in April 2024, median rents have risen over the last year. Studio rentals prices have increased by $60 (4.95%) year-over-year from $1,213 to $1,273. 1-bedroom rentals prices have increased by $76 (5.36%) year-over-year from $1,414 to $1,490. 2-bedroom rentals prices have increased by $598 (39.01%) year-over-year from $1,532 to $2,129. 3-bedroom rentals prices have decreased by $78 (-6.65%) year-over-year from $1,178 to $1,100. 4-bedroom rentals prices have increased by $378 (28.73%) year-over-year from $1,317 to $1,695. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 16.42% this month. 1-bedroom rents have gone down by 2.51% this month. 2-bedroom rents have gone up by 37.24% this month. 3-bedroom rents have gone up by 4.93% this month. 4-bedroom rents have gone up by 2.88% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.41 $1,273 $1,213 (4.95%) $764 (66.61%)
1 BR $2.40 $1,490 $1,414 (5.36%) $1,298 (14.76%)
2 BR $1.94 $2,129 $1,532 (39.01%) $1,516 (40.45%)
3 BR $1.61 $1,100 $1,178 (-6.65%) $1,011 (8.82%)

Historical Rents in 53204, Milwaukee, WI

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 53204

There are a total of 1 cities nearby 53204. The average rent in 53204 is currently $1,000 per month. Only one city nearby has an average rent lower than that. Our records show that Milwaukee, WI, with an average rent of $1,000, is the most affordable city nearby. In contrast, the most expensive city near 53204, Milwaukee, WI is Milwaukee, WI. Monthly rents here are on average $1,000 per month.

Let's compare 53204, Milwaukee, WI's rent against other top cities nearby by bedroom size. Typically, rent for studios in 53204, Milwaukee, WI is 7.75% more affordable than other cities nearby. One bedrooms are about 14.08% more expensive. Two bedrooms in 53204, Milwaukee, WI are about 40.42% more expensive. Finally, rent for three bedrooms are about 34.09% more affordable. Want more information? Check out the top 1 cities near 53204, Milwaukee, WI in the following chart.
City Studio 1 Bed 2 Bed All
Milwaukee, WI $695 $900 $1,140 $1,000

Top Neighborhoods Near 53204

There are a total of 1 neighborhoods in or near 53204. We've included all of these top 1 neighborhoods in or near 53204, Milwaukee, WI in the following chart.

The average rent for these 1 neighborhoods in or near 53204, Milwaukee, WI is currently around $935 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near 53204, Lower East Side has the most affordable average rent at $935 per month. Whereas, at $935 average rent per month, Lower East Side is the most expensive neighborhood in or near 53204. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Lower East Side, Milwaukee, WI $755 $925 $1,363 $935

Top Counties Near 53204

There are a total of 1 counties located by 53204, Milwaukee, WI. The average rent for rentals in these counties is $1,000. That's roughly around $1 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Milwaukee, WI. It's average rent per month is $1,000. Vice versa, with an average rent of $1,000, Milwaukee, WI is the most expensive county by 53204, Milwaukee, WI.

Typically, rent for studios in 53204, Milwaukee, WI is 7.75% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 53204, Milwaukee, WI is 14.08% more expensive than other counties nearby. Finally, rent for two bedrooms in 53204, Milwaukee, WI is 40.42% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Milwaukee, WI $695 $900 $1,140 $1,000

Top Zipcodes Near 53204

There are a total of 3 zipcodes in or near 53204, Milwaukee, WI. The average rent for all of these zipcodes is $1,038. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 53212, Milwaukee, WI at $963 per month. In comparison, the zipcode with the most expensive average rent of $1,249 per month is 53211, Milwaukee, WI.

Studios in these zipcodes have an average rent of $695. That's at least $2 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 53204, Milwaukee, WI is $968 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,275 per month. Which comes out to $1 per sqft. The following chart includes the top 3 zipcodes in 53204, Milwaukee, WI. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
53202, Milwaukee, WI $760 $995 $1,595 $1,038
53211, Milwaukee, WI $695 $968 $1,275 $1,249
53212, Milwaukee, WI $50 $900 $1,100 $963

Frequently Asked Questions - 53204 Average Rents

What is the average rent price in 53204, Milwaukee, WI?
The average monthly rental price for 53204, Milwaukee, WI apartments for rent is approximately $1,310. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 53204, Milwaukee, WI rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 53204, Milwaukee, WI.
How much is a studio apartment in 53204, Milwaukee, WI?
The average monthly rental price for studio apartments is $645 and an average price per square feet of $2.41. There are a total of 6 studio apartment listings currently available for rent in 53204.
How much is a one bedroom apartment in 53204, Milwaukee, WI?
The average monthly rental price for one bedroom apartments is $1,048 and an average price per square feet of $2.40. There are a total of 14 one bedroom apartment listings currently available for rent in 53204.
How much is a two bedroom apartment in 53204, Milwaukee, WI?
The average monthly rental price for two bedroom apartments is $1,913 and an average price per square feet of $1.94. There are a total of 12 two bedroom apartment listings currently available for rent in 53204.
How have rent prices in 53204, Milwaukee, WI changed this year?
Rent prices for rentals in 53204, Milwaukee, WI can fluctuate yearly. Specifically, studio rental prices have changed by 0.05%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by 0.39%, and three bedroom rental prices have changed by -0.07% year-over-year.
What is a reasonable rent price in 53204, Milwaukee, WI?
A reasonable rent price in 53204, Milwaukee, WI is around $1,048/month. You can search for these reasonably priced rental listings on RentHop.
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