Average Rent in Milwaukee, WI

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Current Versus Historical Milwaukee, WI Rents

Milwaukee rentals average $900 for a studio rental to $803 for a 4-bedroom rental. The median price of all currently available listings is $1,050, or roughly $14 per square feet.

For the apartment units and housing in August 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $148 (-14.14%) year-over-year from $1,048 to $900. 1-bedroom rentals prices have decreased by $1,275 (-57.95%) year-over-year from $2,200 to $925. 2-bedroom rentals prices have decreased by $721 (-39.86%) year-over-year from $1,809 to $1,088. 3-bedroom rentals prices have decreased by $252 (-16.27%) year-over-year from $1,547 to $1,295. 4-bedroom rentals prices have decreased by $895 (-52.72%) year-over-year from $1,698 to $803. 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 14.15% this month. 1-bedroom rents have gone up by 2.12% this month. 2-bedroom rents have gone up by 1.12% this month. 3-bedroom rents have gone up by 0.58% this month. 4-bedroom rents have gone down by 39.82% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$18.00	$900	$1,048 (-14.14%)	$759 (18.58%)
1 BR	$12.67	$925	$2,200 (-57.95%)	$1,173 (-21.16%)
2 BR	$13.17	$1,088	$1,809 (-39.86%)	$1,048 (3.87%)
3 BR	$14.93	$1,295	$1,547 (-16.27%)	$1,307 (-0.89%)
4+ BR	$19.09	$803	$1,698 (-52.72%)	$1,547 (-48.08%)

Historical Rents in Milwaukee, WI

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Milwaukee

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Milwaukee

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Milwaukee

There are a total of 1 counties located by Milwaukee, WI. One county in the area is Milwaukee, WI. The average rent for rentals in these counties is $1,050. That's roughly around $14 per sqft. A total of one county has a lower average rent. The county that is the most affordable is Milwaukee, WI. Its average rent per month is $1,050. Vice versa, with an average rent of $1,050, Milwaukee, WI is the most expensive county by Milwaukee, WI.

Typically, rent for studios in Milwaukee, WI is on par with the other counties nearby. In comparison, rent for one bedroom listings in Milwaukee, WI is on par with the other counties nearby. Finally, rent for two bedrooms in Milwaukee, WI is on par with the other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Milwaukee, WI	$900	$925	$1,088	$1,050

Top Zipcodes Near Milwaukee

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Milwaukee Average Rents

What is the average rent price in Milwaukee, WI?

The average monthly rental price for Milwaukee, WI apartments for rent is approximately $1,050. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 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 Milwaukee, WI.

How much is a studio apartment in Milwaukee, WI?

The average monthly rental price for studio apartments is $900 and an average price per square feet of $18.00. There are a total of 3 studio apartment listings currently available for rent in Milwaukee.

How much is a one bedroom apartment in Milwaukee, WI?

The average monthly rental price for one bedroom apartments is $925 and an average price per square feet of $12.67. There are a total of 19 one bedroom apartment listings currently available for rent in Milwaukee.

How much is a two bedroom apartment in Milwaukee, WI?

The average monthly rental price for two bedroom apartments is $1,088 and an average price per square feet of $13.17. There are a total of 33 two bedroom apartment listings currently available for rent in Milwaukee.

How have rent prices in Milwaukee, WI changed this year?

Rent prices for rentals in Milwaukee, WI can fluctuate yearly. Specifically, studio rental prices have changed by -0.14%, one bedroom rental prices have changed by -0.58%, two bedroom rental prices have changed by -0.40%, three bedroom rental prices have changed by -0.16% year-over-year.

What is a reasonable rent price in Milwaukee, WI?

A reasonable rent price in Milwaukee, WI is around $840/month. You can search for these reasonably priced rental listings on RentHop.