Rental market trends in Milwaukee, WI
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Average Apartment Cost in Milwaukee, WI
Apartment Rent Ranges in Milwaukee, WI
Apartment Prices Proportion | |
|---|---|
Neighborhood Apartment Rent Trends in Milwaukee, WI
| Neighborhood | Studio Avg Rent | Annual Change |
|---|---|---|
| Lower East Side | $1,544 | +87% |
| Kilbourn Town | $1,290 | +12% |
| Harbor View | $1,275 | +11% |
| Walker's Point | $1,225 | +2% |
| Brewer's Hill | $860 | +3% |
| Uptown | $800 | +3% |
| Downtown | $795 | -30% |
| Yankee Hill | $795 | +15% |
| Northridge Lakes | $790 | +4% |
| Cambridge Heights | $765 | -- |
| Neighborhood | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Juneau Town | $2,365 | -- |
| Lower East Side | $1,990 | +175% |
| Downtown | $1,700 | +21% |
| Historic Third Ward | $1,695 | +12% |
| Northpoint | $1,685 | +7% |
| Walker's Point | $1,600 | +2% |
| Harbor View | $1,600 | +3% |
| Brewer's Hill | $1,462 | +3% |
| Harambee | $1,400 | -- |
| Kilbourn Town | $1,290 | -8% |
| Neighborhood | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Lower East Side | $3,246 | +132% |
| Northpoint | $2,975 | +125% |
| Merrill Park | $2,400 | -- |
| Harbor View | $2,050 | +7% |
| Walker's Point | $1,900 | +19% |
| Riverside Park | $1,800 | -- |
| Kilbourn Town | $1,775 | -9% |
| Avenues West | $1,697 | -- |
| Riverwest | $1,695 | -- |
| Brewer's Hill | $1,660 | +2% |
How Other Cities Compare to Milwaukee, WI
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| Wauwatosa | $2,158 | +5% |
| Brookfield | $2,131 | +3% |
| Gurnee | $1,925 | +1% |
| Oconomowoc | $1,526 | +44% |
| Pleasant Prairie | $1,395 | +2% |
| Waukesha | $1,115 | -7% |
| Germantown | $1,109 | +4% |
| West Bend | $880 | +5% |
| Waukegan | $875 | 0% |
| Oak Creek | $870 | -- |
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Oconomowoc | $1,632 | +38% |
| Pleasant Prairie | $1,625 | +6% |
| Brookfield | $1,495 | +11% |
| Oak Creek | $1,306 | -1% |
| Germantown | $1,289 | +2% |
| Waukesha | $1,244 | +7% |
| New Berlin | $1,215 | +14% |
| West Bend | $1,157 | +1% |
| Kenosha | $1,101 | +30% |
| Waukegan | $1,097 | -3% |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Oconomowoc | $2,059 | +34% |
| Pleasant Prairie | $2,050 | +8% |
| Brookfield | $1,925 | +33% |
| Germantown | $1,655 | +7% |
| West Bend | $1,590 | +1% |
| Waukegan | $1,432 | +7% |
| Waukesha | $1,392 | +10% |
| New Berlin | $1,385 | -5% |
| West Allis | $1,350 | 0% |
| Kenosha | $1,302 | +12% |
Milwaukee, WI Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 |
| $990 | $1175 | $1167 | $1177 | $950 | $890 | $842 | $842 | $905 | $905 | $910 | $1200 | $955 |
| $1400 | $1405 | $1415 | $1425 | $1387 | $1375 | $1388 | $1401 | $1415 | $1417 | $1446 | $1452 | $1462 |
| $1637 | $1620 | $1617 | $1617 | $1632 | $1627 | $1617 | $1620 | $1655 | $1672 | $1672 | $1655 | $1655 |
| $1450 | $1545 | $1595 | $1860 | $1935 | $2222 | $1995 | $2459 | $2697 | $2500 | $2537 | $3000 | $2775 |
Neighborhood Information for Milwaukee, WI
What are the most affordable neighborhoods in Milwaukee, WI?
The most affordable neighborhoods in Milwaukee are Merrill Park, where the average 1-bedroom apartment rent goes for $645, Sherman Park, where renters pay $650 on average for a 1-bedroom apartment, and Valhalla, where the average 1-bedroom apartment rent goes for $675. If you're looking for other great deals, check out the listings in Historic Mitchell Street ($700 for a 1-bedroom apartment) or Arlington Heights ($700 for a 1-bedroom apartment), compared to the $1,462 average for a Milwaukee 1-bedroom apartment.
What are the most expensive neighborhoods in Milwaukee, WI?
The most expensive neighborhoods in Milwaukee are Juneau Town, where the average 1-bedroom apartment rent goes for $2,365, Lower East Side, where renters pay $1,990 on average for a 1-bedroom apartment, and Downtown, where the average 1-bedroom apartment rent goes for $1,700. If you're looking for other premium neighborhoods, check out the listings in Historic Third Ward ($1,695 for a 1-bedroom apartment) or Northpoint ($1,685 for a 1-bedroom apartment), compared to the $1,462 average for a Milwaukee 1-bedroom apartment.
What are the most popular neighborhoods in Milwaukee, WI?
The most popular neighborhoods in Milwaukee are Sherman Park, where the average 1-bedroom apartment rent goes for $650, Uptown, where renters pay $825 on average for a 1-bedroom apartment, and Park West, where the average 1-bedroom apartment rent goes for $951. If you're looking for other popular neighborhoods, check out the listings in Avenues West ($947 for a 1-bedroom apartment) or Merrill Park ($645 for a 1-bedroom apartment), compared to the $1,462 average for a Milwaukee 1-bedroom apartment.
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