Average Rent in Milwaukee, WI

Current Versus Historical Milwaukee, WI Rents

Milwaukee rentals average $695 for a studio rental to $1,798 for a 4-bedroom rental. The median price of all currently available listings is $1,000, or roughly $1 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $8 (1.10%) year-over-year from $757 to $765. 1-bedroom rentals prices have decreased by $188 (-16.92%) year-over-year from $1,113 to $925. 2-bedroom rentals prices have increased by $75 (7.01%) year-over-year from $1,075 to $1,150. 3-bedroom rentals prices have increased by $141 (10.76%) year-over-year from $1,309 to $1,450. 4-bedroom rentals prices have increased by $133 (7.97%) year-over-year from $1,663 to $1,795. 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 0.61% this month. 1-bedroom rents have gone down by 12.46% this month. 2-bedroom rents have gone up by 4.70% this month. 3-bedroom rents have gone up by 3.69% this month. 4-bedroom rents have gone up by 4.21% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.12	$765	$757 (1.10%)	$962 (-20.45%)
1 BR	$1.60	$925	$1,113 (-16.92%)	$1,033 (-10.41%)
2 BR	$1.30	$1,150	$1,075 (7.01%)	$1,027 (11.98%)
3 BR	$1.29	$1,450	$1,309 (10.76%)	$1,213 (19.51%)
4+ BR	$1.33	$1,795	$1,663 (7.97%)	$1,573 (14.15%)

Historical Rents in Milwaukee, WI

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Milwaukee

Let's compare Milwaukee, WI's rent against other top cities nearby by bedroom size.

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Milwaukee

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

The average rent for these 2 neighborhoods in or near Milwaukee, WI is currently around $1,093 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 Milwaukee's average rent, which is only $1,000. Out of all the neighborhoods in or near Milwaukee, Lower East Side has the most affordable average rent at $948 per month. Whereas, at $1,239 average rent per month, Murray Hill is the most expensive neighborhood in or near Milwaukee. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Lower East Side, Milwaukee, WI	$755	$925	$1,525	$948
Murray Hill, Milwaukee, WI	$825	$995	$1,260	$1,239

Top Counties Near Milwaukee

There are a total of 2 counties located by 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 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 the top 1 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Milwaukee, WI	$695	$895	$1,150	$1,000

Top Zipcodes Near Milwaukee

There are a total of 3 zipcodes in or near Milwaukee, WI. The average rent for all of these zipcodes is $1,029.

The following chart includes the top 3 zipcodes in 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	$1,550	$1,029
53211, Milwaukee, WI	$650	$968	$1,275	$1,229
53212, Milwaukee, WI	$50	$900	$1,100	$963

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 $1,000. 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 $695 and an average price per square feet of $2.12. There are a total of 82 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 $895 and an average price per square feet of $1.60. There are a total of 144 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 $1,150 and an average price per square feet of $1.30. There are a total of 174 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 0.01%, one bedroom rental prices have changed by -0.17%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.11% year-over-year.

What is a reasonable rent price in Milwaukee, WI?

A reasonable rent price in Milwaukee, WI is around $800/month. You can search for these reasonably priced rental listings on RentHop.