Milwaukee, WI Rental Market Trends
What is the average rent in Milwaukee?
The average rent for an apartment in Milwaukee is $1,218, a 1% increase compared to the previous year.
Average Rent in Milwaukee, WI
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,218 | 1% | 844 sq. ft. |
What is the average apartment size in Milwaukee?
The average size for a Milwaukee, WI apartment is 844 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Milwaukee, WI Apartment Rent Ranges
- $501-$7007%
- $701-$1,00034%
- $1,001-$1,50035%
- $1,501-$2,00016%
- > $2,0007%
Milwaukee, WI Occupied Housing Units
- Renter-occupied Households45%
- Owner-occupied Households54%
105,222 or 45% of the households in Milwaukee, WI are renter-occupied while 124,864 or 54% are owner-occupied.
Milwaukee, WI Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Milwaukee, WI | $1,120 | $1,168 | $1,162 | $1,178 | $1,195 | $1,185 | $1,197 | $1,210 | $1,203 | $1,198 | $1,218 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 | $1,428 |
Average Rent in Milwaukee, WI By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Schlitz Park | $1,483 |
| Historic Third Ward | $1,454 |
| Juneau Town | $1,454 |
| Lower East Side | $1,454 |
| Yankee Hill | $1,454 |
| Lake Park | $1,432 |
| Northpoint | $1,432 |
| Valley Forge | $1,379 |
| Park View | $1,376 |
| Triangle | $1,376 |
| Triangle North | $1,376 |
| Kilbourn Town | $1,351 |
| Eastbrook Park | $1,338 |
| Clarke Square | $1,333 |
| Clock Tower Acres | $1,333 |
| Harbor View | $1,333 |
| Historic Mitchell Street | $1,333 |
| Mitchell Park | $1,333 |
| Muskego Way | $1,333 |
| Walker's Point | $1,333 |
| Cambridge Heights | $1,314 |
| Downer Woods | $1,314 |
| Murray Hill | $1,314 |
| Riverside Park | $1,314 |
| Upper East Side | $1,314 |
| Hillside | $1,280 |
| Bluemound Heights | $1,253 |
| Honey Creek Parkway | $1,253 |
| Baran Park | $1,250 |
| Bay View | $1,250 |
| Brewer's Hill | $1,250 |
| Fernwood | $1,250 |
| Halyard Park | $1,250 |
| Harambee | $1,250 |
| Haymarket | $1,250 |
| Jones' Island | $1,250 |
| Mitchell Field | $1,250 |
| Riverwest | $1,250 |
| Saveland Park | $1,250 |
| Tippecanoe | $1,250 |
| Town of Lake | $1,250 |
| Williamsburg Heights | $1,250 |
| Zoo | $1,237 |
| Alcott Park | $1,217 |
| Morgan Heights | $1,217 |
| Cannon Park | $1,185 |
| Menomonee River Valley | $1,180 |
| Story Hill | $1,149 |
| Bradley Estates | $1,147 |
| Brynwood | $1,147 |
| Buchel Park | $1,147 |
| Freedom Village | $1,147 |
| Granville Woods | $1,147 |
| Menomonee River Hills East | $1,147 |
| Northridge Lakes | $1,147 |
| Pollber Heights | $1,147 |
| Servite Woods | $1,147 |
| Whispering Hills | $1,147 |
| Wyrick Park | $1,147 |
| Grover Heights | $1,145 |
| Land Bank | $1,133 |
| Northridge | $1,133 |
| King Park | $1,127 |
| Graceland | $1,122 |
| Town & Country Manor | $1,122 |
| Calumet Farms | $1,100 |
| Dretzka Park | $1,100 |
| Golden Gate | $1,100 |
| Granville Station | $1,100 |
| Heritage Heights | $1,100 |
| Hilltop Parish | $1,100 |
| Mack Acres | $1,100 |
| Maple Tree | $1,100 |
| Melody View | $1,100 |
| North Granville | $1,100 |
| North Meadow | $1,100 |
| Park Place | $1,100 |
| Pheasant Run | $1,100 |
| Ridgeview | $1,100 |
| Riverton Heights | $1,100 |
| Fair Park | $1,087 |
| Johnson's Woods | $1,087 |
| Veterans Affairs | $1,087 |
| Lincoln Village | $1,081 |
| Polonia | $1,081 |
| Menomonee River Hills | $1,079 |
| Avenues West | $1,076 |
| Marquette | $1,076 |
| Brown Deer Park | $1,060 |
| Fairfield | $1,060 |
| Havenwoods | $1,060 |
| Lincoln Park | $1,060 |
| Menomonee River Parkway | $1,060 |
| Old North Milwaukee | $1,060 |
| Rufus King | $1,060 |
| Thurston Woods | $1,060 |
| Tripoli Park | $1,060 |
| Holler Park | $1,036 |
| Mitchell West | $1,036 |
| New Coeln | $1,036 |
| Garden Homes | $1,026 |
| Mill Valley | $1,010 |
| Castle Manor | $979 |
| Clayton Crest | $979 |
| College Heights | $979 |
| Copernicus Park | $979 |
| Euclid Park | $979 |
| Goldman Park | $979 |
| Gra-Ram | $979 |
| Maitland Park | $979 |
| Mount Olivet | $979 |
| Southpoint | $979 |
| West View | $979 |
| Wilson Park | $979 |
| Morgandale | $955 |
| Florist Highlands | $940 |
| Little Menomonee Parkway | $940 |
| Park Knoll | $940 |
| Parkway Hills | $940 |
| Silver Swan | $940 |
| Timmerman Airport | $940 |
| Timmerman West | $940 |
| Valhalla | $940 |
| Vogel Park | $940 |
| Fairview | $932 |
| Hawley Farms | $932 |
| Highwood Estates | $932 |
| Lyons Park | $932 |
| River Bend | $932 |
| White Manor | $932 |
| Lindsay Park | $931 |
| Alverno | $920 |
| Green Moor | $876 |
| Honey Creek Manor | $876 |
| Red Oak Heights | $876 |
| Rolling Green | $876 |
| Root Creek | $876 |
| Wedgewood | $876 |
| Woodland Court | $876 |
| Arlington Gardens | $875 |
| Cooper Park | $875 |
| Golden Valley | $875 |
| Grantosa | $875 |
| Kops Park | $875 |
| Mount Mary | $875 |
| Nash Park | $875 |
| St. Aemilian's | $875 |
| Jackson Park | $873 |
| Midtown Milwaukee | $854 |
| Capitol Heights | $825 |
| Dineen Park | $825 |
| Franklin Heights | $825 |
| Grasslyn Manor | $825 |
| Lincoln Creek | $825 |
| Roosevelt Grove | $825 |
| Sunset Heights | $825 |
| Burnham Park | $808 |
| Forest Home Hills | $808 |
| Harder's Oaks | $808 |
| Layton Park | $808 |
| National Park | $808 |
| Silver City | $808 |
| Southgate | $808 |
| Sherman Park | $792 |
| Enderis Park | $741 |
| Lenox Heights | $741 |
| Park West | $741 |
| Saint Joseph | $741 |
| Uptown Milwaukee | $741 |
| Metcalfe Park | $626 |
| Cold Spring Park | $602 |
| Concordia | $602 |
| Hawthorne Glen | $602 |
| Martin Drive | $602 |
| Merrill Park | $602 |
| Miller Valley | $602 |
| The Valley Pigsville | $602 |
| Walnut Hill | $602 |
| Washington Heights | $602 |
| Washington Park | $602 |
| Wick Field | $602 |
What are the most affordable neighborhoods in Milwaukee?
The most affordable neighborhoods in Milwaukee are Cold Spring Park, where the average rent goes for $602/month, Concordia, where renters pay $602/mo on average, and Hawthorne Glen, where the average rent goes for $602/mo. If you’re looking for other great deals, check out the listings from Martin Drive ($602), Merrill Park ($602), and Miller Valley ($602), where the asking prices are below the average Milwaukee rent of $1,218/mo.
What are the most expensive neighborhoods in Milwaukee?
The most expensive neighborhoods in Milwaukee are Lower East Side ($1,454), Yankee Hill ($1,454) and Schlitz Park ($1,483).
What are the most popular neighborhoods in Milwaukee?
The most popular neighborhood in Milwaukee is Lower East Side, where there are 14 verified RENTCafé listings with an average rent of $1,454. Next up is Avenues West, where apartments go for $1,076/month, followed by Kilbourn Town with $1,351 If you’re looking to rent in Milwaukee’s most popular neighborhoods, make sure to also check out Juneau Town, where renters pay $1,454 on average, and Northridge Lakes, where the average monthly rent is $1,147.
Milwaukee | Rent Comparison by Neighborhood
Rent in Alcott Park is 32% higher than in Alverno
Alcott Park rent is 1% lower than Milwaukee average
| Average Rent | $1,217 |
|---|
Alverno rent is 24% lower than Milwaukee average
| Average Rent | $920 |
|---|
How Milwaukee Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Madison | $1,325 | 3% |
| Milwaukee | $1,218 | 1% |
| Middleton | $1,211 | 4% |
| Brookfield | $1,309 | 7% |
| Kenosha | $1,100 | 5% |
| New Berlin | $1,272 | 2% |
| Oak Creek | $1,164 | 5% |
| Waukesha | $1,084 | 5% |
| Racine | $845 | 2% |
| West Allis | $1,005 | 3% |
| Mequon | $1,879 | 1% |