Milwaukee, WI Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Milwaukee is $1,575, a 2.72% increase compared to the previous year, when the average rent was $1,533.
Studio Apartments at $1,157 offer the most budget-friendly option with 520 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 694 square feet for $1,421, balancing privacy and affordability.
Two-beedroom units at $1,749 offer 1,032 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,207 sq ft) for $1,989, suitable for larger households.
Average rent in Milwaukee, WI
Last updated: November 18, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,575 | 849 sq. ft. |
| Studio | $1,157 | 520 sq. ft. |
| 1 Bed | $1,421 | 694 sq. ft. |
| 2 Beds | $1,749 | 1,032 sq. ft. |
| 3 Beds | $1,989 | 1,207 sq. ft. |
Milwaukee, WI rent trends
What's the typical rent budget in Milwaukee, WI?
The largest share of rentals in Milwaukee, WI (35%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Milwaukee, WI?
135,194 or 58% of the households in Milwaukee, WI are renter-occupied while 95,890 or 42% are owner-occupied.
Most affordable neighborhoods in Milwaukee?
Concordia $791/month
Riverwest $911/month
Avenues West $1,260/month
All of these neighborhoods fall below the city wide average of $1,575/month.Most expensive neighborhoods in Milwaukee?
Kilbourn Town $1,857/month
Juneau Town $2,024/month
Historic Third Ward $2,557/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Milwaukee, WI By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Historic Third Ward | $2,557 |
| Juneau Town | $2,024 |
| Kilbourn Town | $1,857 |
| Walker's Point | $1,787 |
| Bay View | $1,786 |
| Harbor View | $1,773 |
| Lower East Side | $1,736 |
| Brewer's Hill | $1,706 |
| Northpoint | $1,701 |
| Calumet Farms | $1,603 |
| Yankee Hill | $1,559 |
| Granville Station | $1,444 |
| Castle Manor | $1,391 |
| Euclid Park | $1,384 |
| Murray Hill | $1,365 |
| Halyard Park | $1,313 |
| Avenues West | $1,260 |
| Riverwest | $911 |
| Concordia | $791 |
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Milwaukee | Rent Comparison by Neighborhood
Rent in Avenues West is 29% lower than in Bay View
$1,260
Avenues West rent is 20% lower than Milwaukee average
Average Rent
$1,260
$1,786
Bay View rent is 13% higher than Milwaukee average
Average Rent
$1,786
How Milwaukee Compares to Other Cities
| City | Average Rent |
|---|---|
| Milwaukee | $1,575 |
| Madison | $1,784 |
| La Crosse | $1,250 |
| Appleton | $1,253 |
| Brookfield | $1,880 |
| Neenah | $1,252 |
| Oshkosh | $1,142 |
| Middleton | $1,575 |
| Onalaska | $1,418 |
| St. Francis, WI | $1,592 |
| New Berlin, WI | $1,657 |
| Wauwatosa, WI | $1,679 |
| West Allis, WI | $1,435 |
| West Bend, WI | $1,437 |
| Oak Creek, WI | $1,631 |
| Greenfield, WI | $1,387 |
| Waukesha, WI | $1,424 |
| Grafton, WI | $1,588 |
| Port Washington, WI | $1,396 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Milwaukee apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.