Milwaukee, WI Rental Market Trends

Highlights

The average rent for an apartment in Milwaukee is $1,147, a 3% increase compared to the previous year, when the average rent was $1,114.

Average Rent in Milwaukee, WI

Last updated Apr 2019
Average Rent Y-o-Y Change Average Apartment Size
$1,147 3% 867 sq. ft.

The average size for a Milwaukee, WI apartment is 867 square feet, but this number varies greatly depending on apartment type. 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

  • < $5001%
  • $501-$70010%
  • $701-$1,00037%
  • $1,001-$1,50035%
  • $1,501-$2,00013%
  • > $2,0005%

Milwaukee, WI Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Apr / 2019
Milwaukee, WI $1,067 $1,087 $1,083 $1,092 $1,112 $1,114 $1,120 $1,125 $1,147
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
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Average Rent in Milwaukee, WI By Neighborhood

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The most affordable neighborhoods in Milwaukee are Cold Spring Park, where the average rent goes for $576/month, Concordia, where renters pay $576/mo on average, and Hawthorne Glen, where the average rent goes for $576/mo. If you’re looking for other great deals, check out the listings from Martin Drive ($576), Merrill Park ($576), and Miller Valley ($576), where the asking prices are below the average Milwaukee rent of $1,147/mo.

The most expensive neighborhoods in Milwaukee are Triangle ($1,449), Triangle North ($1,449) and Schlitz Park ($1,486).

Milwaukee | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Alcott Park is 30% higher than in Alverno

$1,098

Alcott Park rent is 4% lower than Milwaukee average

Average Rent $1,098
$845

Alverno rent is 26% lower than Milwaukee average

Average Rent $845

How Does Milwaukee Compare to Nearby Cities

Average Rent Y-o-Y Change
Milwaukee $1,147 3%
Brookfield $1,231 5%
Waukesha $1,007 3%
Racine $796 4%

For more information about the Milwaukee rental trends, check out our monthly rent report

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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.

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