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Rental market trends in Milwaukee, WI

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Average Rent in Milwaukee, WI

Avg. RentAnnual Change
Studio - $955-4%
1 Bed - $1,462+4%
2 Beds - $1,767+8%
Last updated 3/28/2023

Average Apartment Cost in Milwaukee, WI

The average rent for apartments in Milwaukee, WI, is between $955 and $1,767 in 2023. For a studio apartment in Milwaukee, WI, the average rent is $955. When it comes to 1-bedroom apartments, the average rent in Milwaukee, WI, is $1,462. For a 2-bedroom apartment, the average rent is $1,767.

Apartment Rent Ranges in Milwaukee, WI

Apartment Prices

Neighborhood Apartment Rent Trends in Milwaukee, WI

NeighborhoodStudio Avg RentAnnual 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%
Yankee Hill$795+15%
Northridge Lakes$790+4%
Cambridge Heights$765--

How Other Cities Compare to Milwaukee, WI

CityStudio Avg RentAnnual Change
Pleasant Prairie$1,395+2%
West Bend$880+5%
Oak Creek$870--

Milwaukee, WI Rent Trends

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.