Milwaukee, WI Rental Market Trends
Highlights
The average rent for an apartment in Milwaukee is $1,193, a 2% increase compared to the previous year.
Average Rent in Milwaukee, WI
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,193 | 2% | 850 sq. ft. |
The average size for a Milwaukee, WI apartment is 850 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
- < $5001%
- $501-$7009%
- $701-$1,00035%
- $1,001-$1,50035%
- $1,501-$2,00013%
- > $2,0007%
Milwaukee, WI Occupied Housing Units
- Renter-occupied Households45%
- Owner-occupied Households54%
103,585 or 45% of the households in Milwaukee, WI are renter-occupied while 125,971 or 54% are owner-occupied.
Milwaukee, WI Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Milwaukee, WI | $1,087 | $1,091 | $1,114 | $1,124 | $1,120 | $1,168 | $1,162 | $1,178 | $1,195 | $1,185 | $1,193 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Milwaukee, WI By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Wick Field | $582 |
| Washington Park | $582 |
| Washington Heights | $582 |
| Walnut Hill | $582 |
| The Valley Pigsville | $582 |
| Miller Valley | $582 |
| Merrill Park | $582 |
| Martin Drive | $582 |
| Hawthorne Glen | $582 |
| Concordia | $582 |
| Cold Spring Park | $582 |
| Metcalfe Park | $603 |
| Uptown Milwaukee | $706 |
| Saint Joseph | $706 |
| Park West | $706 |
| Lenox Heights | $706 |
| Enderis Park | $706 |
| Southgate | $773 |
| Silver City | $773 |
| National Park | $773 |
| Layton Park | $773 |
| Harder's Oaks | $773 |
| Forest Home Hills | $773 |
| Burnham Park | $773 |
| Sherman Park | $815 |
| Jackson Park | $829 |
| St. Aemilian's | $836 |
| Nash Park | $836 |
| Mount Mary | $836 |
| Kops Park | $836 |
| Grantosa | $836 |
| Golden Valley | $836 |
| Cooper Park | $836 |
| Arlington Gardens | $836 |
| Woodland Court | $864 |
| Wedgewood | $864 |
| Root Creek | $864 |
| Rolling Green | $864 |
| Red Oak Heights | $864 |
| Honey Creek Manor | $864 |
| Green Moor | $864 |
| Midtown Milwaukee | $873 |
| Alverno | $874 |
| White Manor | $879 |
| River Bend | $879 |
| Lyons Park | $879 |
| Highwood Estates | $879 |
| Hawley Farms | $879 |
| Fairview | $879 |
| Morgandale | $883 |
| Sunset Heights | $886 |
| Roosevelt Grove | $886 |
| Lincoln Creek | $886 |
| Grasslyn Manor | $886 |
| Franklin Heights | $886 |
| Dineen Park | $886 |
| Capitol Heights | $886 |
| Lindsay Park | $895 |
| Wilson Park | $902 |
| Southpoint | $902 |
| Mount Olivet | $902 |
| Maitland Park | $902 |
| Gra-Ram | $902 |
| Goldman Park | $902 |
| Copernicus Park | $902 |
| College Heights | $902 |
| Clayton Crest | $902 |
| Castle Manor | $902 |
| Vogel Park | $904 |
| Valhalla | $904 |
| Timmerman West | $904 |
| Timmerman Airport | $904 |
| Silver Swan | $904 |
| Parkway Hills | $904 |
| Park Knoll | $904 |
| Little Menomonee Parkway | $904 |
| Florist Highlands | $904 |
| Mill Valley | $970 |
| West View | $981 |
| Euclid Park | $981 |
| Veterans Affairs | $994 |
| Johnson's Woods | $994 |
| Fair Park | $994 |
| New Coeln | $995 |
| Mitchell West | $995 |
| Holler Park | $995 |
| Garden Homes | $1,019 |
| Tripoli Park | $1,042 |
| Thurston Woods | $1,042 |
| Rufus King | $1,042 |
| Old North Milwaukee | $1,042 |
| Menomonee River Parkway | $1,042 |
| Lincoln Park | $1,042 |
| Havenwoods | $1,042 |
| Fairfield | $1,042 |
| Brown Deer Park | $1,042 |
| Menomonee River Hills | $1,044 |
| Riverton Heights | $1,054 |
| Ridgeview | $1,054 |
| Pheasant Run | $1,054 |
| Park Place | $1,054 |
| North Meadow | $1,054 |
| North Granville | $1,054 |
| Melody View | $1,054 |
| Maple Tree | $1,054 |
| Mack Acres | $1,054 |
| Hilltop Parish | $1,054 |
| Heritage Heights | $1,054 |
| Granville Station | $1,054 |
| Golden Gate | $1,054 |
| Dretzka Park | $1,054 |
| Calumet Farms | $1,054 |
| Marquette | $1,076 |
| Avenues West | $1,076 |
| Town & Country Manor | $1,095 |
| Graceland | $1,095 |
| Northridge | $1,098 |
| Land Bank | $1,098 |
| Story Hill | $1,112 |
| Wyrick Park | $1,117 |
| Whispering Hills | $1,117 |
| Servite Woods | $1,117 |
| Pollber Heights | $1,117 |
| Northridge Lakes | $1,117 |
| Menomonee River Hills East | $1,117 |
| Granville Woods | $1,117 |
| Freedom Village | $1,117 |
| Buchel Park | $1,117 |
| Brynwood | $1,117 |
| Bradley Estates | $1,117 |
| Polonia | $1,118 |
| Lincoln Village | $1,118 |
| King Park | $1,144 |
| Grover Heights | $1,150 |
| Menomonee River Valley | $1,157 |
| Cannon Park | $1,166 |
| Morgan Heights | $1,166 |
| Alcott Park | $1,166 |
| Honey Creek Parkway | $1,217 |
| Bluemound Heights | $1,217 |
| Zoo | $1,250 |
| Williamsburg Heights | $1,284 |
| Riverwest | $1,284 |
| Haymarket | $1,284 |
| Harambee | $1,284 |
| Halyard Park | $1,284 |
| Brewer's Hill | $1,284 |
| Upper East Side | $1,316 |
| Riverside Park | $1,316 |
| Murray Hill | $1,316 |
| Downer Woods | $1,316 |
| Cambridge Heights | $1,316 |
| Eastbrook Park | $1,317 |
| Hillside | $1,330 |
| Town of Lake | $1,332 |
| Tippecanoe | $1,332 |
| Saveland Park | $1,332 |
| Mitchell Field | $1,332 |
| Jones' Island | $1,332 |
| Fernwood | $1,332 |
| Bay View | $1,332 |
| Baran Park | $1,332 |
| Kilbourn Town | $1,356 |
| Valley Forge | $1,374 |
| Walker's Point | $1,382 |
| Muskego Way | $1,382 |
| Mitchell Park | $1,382 |
| Historic Mitchell Street | $1,382 |
| Harbor View | $1,382 |
| Clock Tower Acres | $1,382 |
| Clarke Square | $1,382 |
| Northpoint | $1,433 |
| Lake Park | $1,433 |
| Yankee Hill | $1,455 |
| Lower East Side | $1,455 |
| Juneau Town | $1,455 |
| Historic Third Ward | $1,455 |
| Triangle North | $1,477 |
| Triangle | $1,477 |
| Park View | $1,477 |
| Schlitz Park | $1,504 |
The most affordable neighborhoods in Milwaukee are Cold Spring Park, where the average rent goes for $582/month, Concordia, where renters pay $582/mo on average, and Hawthorne Glen, where the average rent goes for $582/mo. If you’re looking for other great deals, check out the listings from Martin Drive ($582), Merrill Park ($582), and Miller Valley ($582), where the asking prices are below the average Milwaukee rent of $1,193/mo.
The most expensive neighborhoods in Milwaukee are Triangle ($1,477), Triangle North ($1,477) and Schlitz Park ($1,504).
The most popular neighborhood in Milwaukee is Lower East Side, where there are 14 verified RENTCafé listings with an average rent of $1,455. Next up is Avenues West, where apartments go for $1,076/month, followed by Kilbourn Town with $1,356 If you’re looking to rent in Milwaukee’s most popular neighborhoods, make sure to also check out Juneau Town, where renters pay $1,455 on average, and Park West, where the average monthly rent is $706.
Milwaukee | Rent Comparison by Neighborhood
Rent in Alcott Park is 33% higher than in Alverno
Alcott Park rent is 2% lower than Milwaukee average
| Average Rent | $1,166 |
|---|
Alverno rent is 27% lower than Milwaukee average
| Average Rent | $874 |
|---|
How Milwaukee Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Madison | $1,272 | 3% |
| Milwaukee | $1,193 | 2% |
| Middleton | $1,169 | 7% |
| Kenosha | $1,050 | 3% |
| Racine | $826 | 3% |
| Brookfield | $1,226 | n/a |
| New Berlin | $1,242 | 4% |
| Oak Creek | $1,112 | 3% |
| Cedarburg | $1,037 | -2% |
| Mequon | $1,869 | -2% |
| Waukesha | $1,032 | 1% |
For more information about the Milwaukee rental trends, check out our monthly rent report
Check out Wisconsin Cities, Wisconsin Neighborhoods and Wisconsin Zip Codes for more details on verified listings, including the Wisconsin Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!