Average Rent in 53212, Milwaukee, WI

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Current Versus Historical 53212, Milwaukee, WI Rents

53212 rentals average $50 for a studio rental to $1,350 for a 3-bedroom rental. The median price of all currently available listings is $963, 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 decreased by $207 (-24.12%) year-over-year from $857 to $650. 1-bedroom rentals prices have increased by $62 (7.36%) year-over-year from $838 to $900. 2-bedroom rentals prices have increased by $23 (2.30%) year-over-year from $987 to $1,010. 3-bedroom rentals prices have increased by $154 (12.89%) year-over-year from $1,196 to $1,350. 4-bedroom rentals prices have increased by $61 (4.23%) year-over-year from $1,439 to $1,500. 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 up by 12.72% this month. 1-bedroom rents have gone down by 3.31% this month. 2-bedroom rents have gone up by 4.12% this month. 3-bedroom rents have gone up by 14.25% this month. 4-bedroom rents have gone up by 4.65% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.55 $650 $857 (-24.12%) $1,107 (-41.28%)
1 BR $1.87 $900 $838 (7.36%) $763 (18.03%)
2 BR $1.35 $1,010 $987 (2.30%) $907 (11.40%)
3 BR $354.17 $1,350 $1,196 (12.89%) $1,125 (20.00%)

Historical Rents in 53212, Milwaukee, WI

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 53212

There are a total of 1 cities nearby 53212. The average rent in 53212 is currently $1,000 per month. 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 53212, Milwaukee, WI is Milwaukee, WI. Monthly rents here are on average $1,000 per month.

Let's compare 53212, Milwaukee, WI's rent against other top cities nearby by bedroom size. Typically, rent for studios in 53212, Milwaukee, WI is 1,290.00% more affordable than other cities nearby. One bedrooms are equivalent to other nearby cities' one bedroom rents. Two bedrooms in 53212, Milwaukee, WI are about 4.55% more affordable. Finally, rent for three bedrooms are about 9.26% more affordable. Want more information? Check out the top 1 cities near 53212, Milwaukee, WI in the following chart.
City Studio 1 Bed 2 Bed All
Milwaukee, WI $695 $900 $1,150 $1,000

Top Neighborhoods Near 53212

There are a total of 2 neighborhoods in or near 53212. We've included all of these top 2 neighborhoods in or near 53212, Milwaukee, WI in the following chart.

The average rent for these 2 neighborhoods in or near 53212, Milwaukee, WI is currently around $1,095 per month. A total of one neighborhood has a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than 53212's average rent, which is only $963. Out of all the neighborhoods in or near 53212, Lower East Side has the most affordable average rent at $935 per month. Whereas, at $1,255 average rent per month, Murray Hill is the most expensive neighborhood in or near 53212. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Lower East Side, Milwaukee, WI $755 $925 $1,363 $935
Murray Hill, Milwaukee, WI $825 $1,095 $1,260 $1,255

Top Counties Near 53212

There are a total of 2 counties located by 53212, Milwaukee, WI. The average rent for rentals in these counties is $1,000. That's roughly around $1 per sqft. 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 53212, Milwaukee, WI.

Typically, rent for studios in 53212, Milwaukee, WI is 1,290.00% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 53212, Milwaukee, WI is on par with the other counties nearby. Finally, rent for two bedrooms in 53212, Milwaukee, WI is 4.55% more affordable than other counties nearby. We've listed the top 1 counties in the chart below.
County Studio 1 Bed 2 Bed All
Milwaukee, WI $695 $900 $1,150 $1,000

Top Zipcodes Near 53212

There are a total of 2 zipcodes in or near 53212, Milwaukee, WI. The average rent for all of these zipcodes is $1,147.

The following chart includes the top 2 zipcodes in 53212, 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 $1,045
53211, Milwaukee, WI $695 $985 $1,275 $1,250

Frequently Asked Questions - 53212 Average Rents

What is the average rent price in 53212, Milwaukee, WI?
The average monthly rental price for 53212, Milwaukee, WI apartments for rent is approximately $963. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 53212, 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 53212, Milwaukee, WI.
How much is a studio apartment in 53212, Milwaukee, WI?
The average monthly rental price for studio apartments is $50 and an average price per square feet of $2.55. There are a total of 10 studio apartment listings currently available for rent in 53212.
How much is a one bedroom apartment in 53212, Milwaukee, WI?
The average monthly rental price for one bedroom apartments is $900 and an average price per square feet of $1.87. There are a total of 14 one bedroom apartment listings currently available for rent in 53212.
How much is a two bedroom apartment in 53212, Milwaukee, WI?
The average monthly rental price for two bedroom apartments is $1,100 and an average price per square feet of $1.35. There are a total of 19 two bedroom apartment listings currently available for rent in 53212.
How have rent prices in 53212, Milwaukee, WI changed this year?
Rent prices for rentals in 53212, Milwaukee, WI can fluctuate yearly. Specifically, studio rental prices have changed by -0.24%, one bedroom rental prices have changed by 0.07%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.13% year-over-year.
What is a reasonable rent price in 53212, Milwaukee, WI?
A reasonable rent price in 53212, Milwaukee, WI is around $770/month. You can search for these reasonably priced rental listings on RentHop.
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