What is the average apartment size in Downtown Milwaukee, Milwaukee, WI?

The average size for a Downtown Milwaukee, Milwaukee, WI apartment is 887 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.

What is the average rent in Downtown Milwaukee?

As of Oct / 2025, the average rent in Downtown Milwaukee is $2,072 per month, a 1.37% increase from last year’s average of $2,044.

How much does rent cost by apartment size in Downtown Milwaukee?

In Downtown Milwaukee, studios rent for $1,297 per month, one-bedroom units average $1,824 per month, two-bedrooms cost around $2,411 per month, and three-bedroom apartments rent for about $4,198 per month

What is the average apartment size in Downtown Milwaukee?

The typical apartment in Downtown Milwaukee offers about 887 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Downtown Milwaukee?

Studio apartments in Downtown Milwaukee average 605 sq. ft., one-bedrooms offer 730 sq. ft., two-bedrooms are about 1,118 sq. ft., and three-bedroom apartments average 1,625 sq. ft.

What are the most affordable neighborhoods in Downtown Milwaukee?

The most affordable neighborhoods in Downtown Milwaukee include Concordia ($791/month), Riverwest ($911/month), and Avenues West ($1,260/month), all below the citywide average of $1,575.

What are the most expensive neighborhoods in Downtown Milwaukee?

The most expensive neighborhoods in Downtown Milwaukee are Kilbourn Town ($1,857/month), Juneau Town ($2,024/month), and Historic Third Ward ($2,557/month), often due to premium locations and high-end amenities.

Downtown Milwaukee, Milwaukee, WI Rental Market Trends

Q: What's the typical rent budget in Downtown Milwaukee?

The typical rent budget in Downtown Milwaukee ranges from $1,501 to $2,000 per month, with 39% of rentals in this range.

Q: Do most people rent or own in Downtown Milwaukee?

In Downtown Milwaukee, 82% of households rent while 18% own their homes, based on the latest U.S. Census data.

Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Downtown Milwaukee is $2,072, a 1.37% increase compared to the previous year, when the average rent was $2,044.

Studio Apartments at $1,297 offer the most budget-friendly option with 605 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 730 square feet for $1,824, balancing privacy and affordability.

Two-beedroom units at $2,411 offer 1,118 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,625 sq ft) for $4,198, suitable for larger households.

Average rent in Downtown Milwaukee, Milwaukee, WI

Last updated: November 18, 2025

	Average Rent	Average Apartment Size
All Rentals	$2,072	887 sq. ft.
Studio	$1,297	605 sq. ft.
1 Bed	$1,824	730 sq. ft.
2 Beds	$2,411	1,118 sq. ft.
3 Beds	$4,198	1,625 sq. ft.

Downtown Milwaukee, Milwaukee, WI rent trends

Rental prices in Downtown Milwaukee, Milwaukee, WI have increased by 1.37% over the past year. The average rent moved from $2,044 to $2,072.

What's the typical rent budget in Downtown Milwaukee, Milwaukee, WI?

The largest share of rentals in Downtown Milwaukee, Milwaukee, WI (39%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Downtown Milwaukee, Milwaukee, WI?

4,748 or 82% of the households in Downtown Milwaukee, Milwaukee, WI are renter-occupied while 1,056 or 18% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

Most affordable neighborhoods in Downtown 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 Downtown 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
Euclid Park	$1,384
Murray Hill	$1,365
Halyard Park	$1,313
Avenues West	$1,260
Riverwest	$911
Concordia	$791

Milwaukee | Rent Comparison by Neighborhood

Rent in Avenues West is 29% lower than in Bay View

$1,260

Avenues West rent is 39% lower than Milwaukee average

Average Rent $1,260

$1,786

Bay View rent is 14% lower than Milwaukee average

Average Rent $1,786

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 Downtown 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.