Milwaukee, WI Rental Market Trends
Highlights
The average rent for an apartment in Milwaukee is $1,114, a 3% increase compared to the previous year, when the average rent was $1,083.
Studio apartments in Milwaukee rent for $862 a month, while 1-bedroom apartments ask on average $999 a month; the average rent for a 2-bedroom apartment is $1,198.
Average Rent in Milwaukee, WI
Last updated Apr 2018
| All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Average Rent | $1,114 | $862 | $999 | $1,198 | $1,408 |
| Y-o-Y Change | 3% | 8% | 4% | 2% | 2% |
| Average Apartment Size | 860 sq. ft. | 528 sq. ft. | 691 sq. ft. | 1,009 sq. ft. | 1,270 sq. ft. |
The average size for a Milwaukee apartment is 860 square feet, but this number varies greatly depending on apartment type. A studio averages 528 sq. ft., while a one-bedroom apartment offers a more generous square footage: 691. 2-bedroom apartments in Milwaukee have an average size of 1,009 sq. ft.
Milwaukee, WI Apartment Rent Ranges
- < $5001%
- $501-$70010%
- $701-$1,00042%
- $1,001-$1,50031%
- $1,501-$2,00011%
- > $2,0005%
Milwaukee, WI Rent Trends
| Average Rent All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Apr / 2018 | $1,114 | $862 | $999 | $1,198 | $1,408 |
| May / 2017 | $1,112 | $857 | $991 | $1,201 | $1,431 |
| Jan / 2017 | $1,092 | $792 | $970 | $1,183 | $1,388 |
| Sept / 2016 | $1,083 | $798 | $963 | $1,170 | $1,380 |
| May / 2016 | $1,087 | $818 | $958 | $1,180 | $1,374 |
| Jan / 2016 | $1,067 | $805 | $943 | $1,156 | $1,356 |
| Sept / 2015 | $1,058 | $782 | $927 | $1,151 | $1,380 |
| May / 2015 | $1,052 | $764 | $923 | $1,144 | $1,339 |
| Jan / 2015 | $1,059 | $783 | $921 | $1,125 | $1,386 |
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Average Rent in Milwaukee, WI By Neighborhood
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| Average Rent | |||||
|---|---|---|---|---|---|
| Neighborhood | All rentals | Studio | 1 Bed | 2 Beds | 3 Beds |
| Sherman Park | $798 | $580 | $687 | $814 | $1,007 |
| Jackson Park | $807 | $520 | $714 | $909 | $975 |
| Woodland Court | $816 | $634 | $737 | $876 | $1,009 |
| Wedgewood | $816 | $634 | $737 | $876 | $1,009 |
| St. Aemilian's | $816 | $540 | $690 | $863 | $937 |
| Root Creek | $816 | $634 | $737 | $876 | $1,009 |
| Rolling Green | $816 | $634 | $737 | $876 | $1,009 |
| Red Oak Heights | $816 | $634 | $737 | $876 | $1,009 |
| Nash Park | $816 | $540 | $690 | $863 | $937 |
| Mount Mary | $816 | $540 | $690 | $863 | $937 |
| Kops Park | $816 | $540 | $690 | $863 | $937 |
| Honey Creek Manor | $816 | $634 | $737 | $876 | $1,009 |
| Green Moor | $816 | $634 | $737 | $876 | $1,009 |
| Grantosa | $816 | $540 | $690 | $863 | $937 |
| Golden Valley | $816 | $540 | $690 | $863 | $937 |
| Cooper Park | $816 | $540 | $690 | $863 | $937 |
| Arlington Gardens | $816 | $540 | $690 | $863 | $937 |
| Alverno | $830 | $560 | $727 | $898 | $1,104 |
| Morgandale | $842 | $520 | $719 | $918 | $1,132 |
| Lindsay Park | $858 | $540 | $760 | $860 | $978 |
| Veterans Affairs | $932 | $579 | $759 | $1,095 | $1,143 |
| Johnson's Woods | $932 | $579 | $759 | $1,095 | $1,143 |
| Fair Park | $932 | $579 | $759 | $1,095 | $1,143 |
| New Coeln | $939 | $1,123 | $820 | $978 | $1,216 |
| Mitchell West | $939 | $1,123 | $820 | $978 | $1,216 |
| Holler Park | $939 | $1,123 | $820 | $978 | $1,216 |
| Grover Heights | $985 | $758 | $807 | $1,121 | $1,015 |
| Menomonee River Hills | $988 | $780 | $846 | $1,006 | $1,148 |
| Williamsburg Heights | $1,020 | $758 | $780 | $1,429 | $834 |
| Riverwest | $1,020 | $758 | $780 | $1,429 | $834 |
| Haymarket | $1,020 | $758 | $780 | $1,429 | $834 |
| Harambee | $1,020 | $758 | $780 | $1,429 | $834 |
| Halyard Park | $1,020 | $758 | $780 | $1,429 | $834 |
| Brewer's Hill | $1,020 | $758 | $780 | $1,429 | $834 |
| Town & Country Manor | $1,032 | $780 | $821 | $1,078 | $1,210 |
| Graceland | $1,032 | $780 | $821 | $1,078 | $1,210 |
| Northridge | $1,035 | $780 | $863 | $1,074 | $1,205 |
| Land Bank | $1,035 | $780 | $863 | $1,074 | $1,205 |
| Story Hill | $1,042 | $498 | $892 | $1,197 | $1,751 |
| Polonia | $1,053 | $951 | $945 | $1,194 | $2,464 |
| Lincoln Village | $1,053 | $951 | $945 | $1,194 | $2,464 |
| Wyrick Park | $1,059 | $780 | $815 | $1,108 | $1,272 |
| Whispering Hills | $1,059 | $780 | $815 | $1,108 | $1,272 |
| Servite Woods | $1,059 | $780 | $815 | $1,108 | $1,272 |
| Pollber Heights | $1,059 | $780 | $815 | $1,108 | $1,272 |
| Northridge Lakes | $1,059 | $780 | $815 | $1,108 | $1,272 |
| Menomonee River Hills East | $1,059 | $780 | $815 | $1,108 | $1,272 |
| Granville Woods | $1,059 | $780 | $815 | $1,108 | $1,272 |
| Freedom Village | $1,059 | $780 | $815 | $1,108 | $1,272 |
| Buchel Park | $1,059 | $780 | $815 | $1,108 | $1,272 |
| Brynwood | $1,059 | $780 | $815 | $1,108 | $1,272 |
| Bradley Estates | $1,059 | $780 | $815 | $1,108 | $1,272 |
| Hillside | $1,103 | $758 | $937 | $1,468 | $834 |
| Cannon Park | $1,116 | $606 | $1,023 | $1,204 | $1,143 |
| Honey Creek Parkway | $1,152 | $579 | $1,005 | $1,262 | $1,751 |
| Bluemound Heights | $1,152 | $579 | $1,005 | $1,262 | $1,751 |
| Menomonee River Valley | $1,180 | $803 | $922 | $1,344 | $1,833 |
| Upper East Side | $1,201 | $674 | $1,011 | $1,331 | $2,188 |
| Riverside Park | $1,201 | $674 | $1,011 | $1,331 | $2,188 |
| Murray Hill | $1,201 | $674 | $1,011 | $1,331 | $2,188 |
| Downer Woods | $1,201 | $674 | $1,011 | $1,331 | $2,188 |
| Cambridge Heights | $1,201 | $674 | $1,011 | $1,331 | $2,188 |
| Eastbrook Park | $1,236 | $807 | $987 | $1,365 | $1,609 |
| Marquette | $1,259 | $658 | $784 | $1,355 | $1,819 |
| Avenues West | $1,259 | $658 | $784 | $1,355 | $1,819 |
| Town of Lake | $1,269 | $1,123 | $1,200 | $1,353 | $2,464 |
| Tippecanoe | $1,269 | $1,123 | $1,200 | $1,353 | $2,464 |
| Saveland Park | $1,269 | $1,123 | $1,200 | $1,353 | $2,464 |
| Mitchell Field | $1,269 | $1,123 | $1,200 | $1,353 | $2,464 |
| Jones' Island | $1,269 | $1,123 | $1,200 | $1,353 | $2,464 |
| Fernwood | $1,269 | $1,123 | $1,200 | $1,353 | $2,464 |
| Bay View | $1,269 | $1,123 | $1,200 | $1,353 | $2,464 |
| Baran Park | $1,269 | $1,123 | $1,200 | $1,353 | $2,464 |
| King Park | $1,277 | $658 | $891 | $1,380 | $1,819 |
| Northpoint | $1,312 | $879 | $1,168 | $1,628 | $2,710 |
| Lake Park | $1,312 | $879 | $1,168 | $1,628 | $2,710 |
| Walker's Point | $1,316 | $949 | $1,211 | $1,551 | $1,668 |
| Muskego Way | $1,316 | $949 | $1,211 | $1,551 | $1,668 |
| Mitchell Park | $1,316 | $949 | $1,211 | $1,551 | $1,668 |
| Historic Mitchell Street | $1,316 | $949 | $1,211 | $1,551 | $1,668 |
| Harbor View | $1,316 | $949 | $1,211 | $1,551 | $1,668 |
| Clock Tower Acres | $1,316 | $949 | $1,211 | $1,551 | $1,668 |
| Clarke Square | $1,316 | $949 | $1,211 | $1,551 | $1,668 |
| Yankee Hill | $1,334 | $893 | $1,194 | $1,714 | $3,181 |
| Lower East Side | $1,334 | $893 | $1,194 | $1,714 | $3,181 |
| Juneau Town | $1,334 | $893 | $1,194 | $1,714 | $3,181 |
| Historic Third Ward | $1,334 | $893 | $1,194 | $1,714 | $3,181 |
| Schlitz Park | $1,414 | $996 | $1,249 | $1,713 | $1,830 |
| Kilbourn Town | $1,419 | $853 | $1,158 | $1,598 | $1,965 |
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The most affordable neighborhoods in Milwaukee are Sherman Park, where the average rent goes for $798/month, Jackson Park, where renters pay $807/mo on average, and Arlington Gardens, where the average rent goes for $816/mo. If you’re looking for other great deals, check out the listings from Cooper Park ($816), Golden Valley ($816), and Grantosa ($816), where the asking prices are below the average Milwaukee rent of $1,114/mo.
The most expensive neighborhoods in Milwaukee are Yankee Hill ($1,334), Schlitz Park ($1,414) and Kilbourn Town ($1,419).
Milwaukee | Rent Comparison by Neighborhood
Rent in Alverno is 2% higher than in Arlington Gardens
$830
Alverno rent is 25% lower than Milwaukee average
| All rentals | $830 |
|---|---|
| Studio | $560 |
| 1 Bed | $727 |
| 2 Beds | $898 |
| 3 Beds | $1,104 |
$816
Arlington Gardens rent is 27% lower than Milwaukee average
| All rentals | $816 |
|---|---|
| Studio | $540 |
| 1 Bed | $690 |
| 2 Beds | $863 |
| 3 Beds | $937 |
How Does Milwaukee Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Milwaukee | $1,114 | 3% |
| Brookfield | $1,176 | 4% |
| Waukesha | $979 | 6% |
| Racine | $763 | 5% |
For more information about the Milwaukee rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
- Villa 601
- English Common
- Villa 611
- 23rd Street Apartments
- Lisbon Adlon Apartments
- 2704 N. Hackett
- Franklin Arms Apartments
- 28 West Apartments List
- Burnham Hill Apartments
- Royall Adlon Apartments
- Tioga Apartments
- Maple Run
- East Park Apartments
- Teweles Seed Tower Apartments
- Pasadena Apartments
- The Park at 1824
- Milwood Apartments
- Imperial Apartments
- Harbor Pointe Apartments
- Glenbrook Apartments
Mid-priced Listings on RENTCafé
Most Expensive Listings on RENTCafé
- Historic Fifth Ward Lofts
- St. James Place Apartments
- Vue Apartments
- West Village Apartments
- 1838 N Oakland Ave
- 1609 Prospect Apartments
- Latitude Apartments
- Arbor Ridge Apartments
- Avante Apartments
- Marshall House
- The Franklin Apartments
- The Buckler
- 2508 N. Stowell Avenue
- Keystone on Brady
- Trostel Square
- Oregon at South Water Works
- Bridgeview At South Water Works
- 2545 N. Stowell Avenue
- River House
- 1912 E Linnwood
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Milwaukee apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.