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Rental market trends in Milwaukee, WI

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Average Rent in Milwaukee, WI

Average Rent in Milwaukee, WI

Avg. RentAnnual Change
Studio - $975-19%
1 Bed - $1,4650%
2 Beds - $1,760+1%
Last updated 6/17/2024

Average Apartment Cost in Milwaukee, WI

The average rent for apartments in Milwaukee, WI, is between $975 and $1,760 in 2024. For a studio apartment in Milwaukee, WI, the average rent is $975. When it comes to 1-bedroom apartments, the average rent in Milwaukee, WI, is $1,465. For a 2-bedroom apartment, the average rent is $1,760.

Apartment Rent Ranges in Milwaukee, WI

Apartment PricesProportion
4%
34%
35%
14%
14%

Neighborhood Apartment Rent Trends in Milwaukee, WI

NeighborhoodStudio Avg RentAnnual Change
Kilbourn Town$1,380+7%
Harbor View$1,275+6%
Juneau Town$1,272--
Walker's Point$1,225-2%
Lower East Side$975-28%
Brewer's Hill$910+9%
Downtown$893-26%
Yankee Hill$893+12%
Historic Mitchell Street$8800%
Murray Hill$850+35%
Uptown$8000%
Park West$731-2%
Avenues West$695--
Neighborhood1 Bed Avg RentAnnual Change
Historic Third Ward$1,895+11%
Harbor View$1,700+1%
Northpoint$1,695+11%
Walker's Point$1,625+1%
Downtown$1,515+2%
Kilbourn Town$1,515-2%
Murray Hill$1,395+14%
Juneau Town$1,385-37%
Yankee Hill$1,088+6%
Brewer's Hill$1,085+2%
Granville Station$1,052+8%
Bay View$1,050--
Cambridge Heights$1,005--
Story Hill$995+6%
Avenues West$927--
Uptown$870-6%
Timmerman West$8100%
Historic Mitchell Street$795+14%
Lower East Side$724-57%
Park West$685-14%
Neighborhood2 Beds Avg RentAnnual Change
Historic Third Ward$2,895-26%
Merrill Park$2,400--
Northpoint$2,350-4%
Downtown$2,325+12%
Juneau Town$2,195-61%
Harbor View$2,087+2%
Bay View$1,975--
Kilbourn Town$1,875+2%
Walker's Point$1,8500%
Lower East Side$1,800-24%
Riverwest$1,695+13%
Avenues West$1,597-6%
Murray Hill$1,525-2%
Brewer's Hill$1,440+4%
Yankee Hill$1,287+7%
Granville Station$1,263--
Cambridge Heights$1,220--
Riverside Park$1,200--
Story Hill$1,125+1%
Uptown$1,070+8%
Historic Mitchell Street$1,0660%
Park West$1,030-12%
Old North Milwaukee$995--
Timmerman West$9050%
Enderis Park$825--

How Other Cities Compare to Milwaukee, WI

CityStudio Avg RentAnnual Change
Gurnee$1,960-13%
Brookfield$1,589-19%
Oconomowoc$1,443-10%
Wauwatosa$1,439-34%
Pleasant Prairie$1,410+1%
Cedarburg$1,300--
Shorewood$1,050+5%
Waukegan$910+1%
West Allis$895+29%
West Bend$895+2%
Kenosha$875+35%
Oak Creek$875--
Racine$800-29%
Waukesha$700-29%
City1 Bed Avg RentAnnual Change
Cedarburg$1,650--
Pleasant Prairie$1,650+4%
Oconomowoc$1,600-7%
Wauwatosa$1,540+81%
Brookfield$1,535+3%
New Berlin$1,504+22%
Oak Creek$1,496+5%
Waukesha$1,410+14%
West Bend$1,200+4%
Waukegan$1,160+4%
Kenosha$1,070-3%
Zion$1,050+11%
Pewaukee$1,0120%
West Allis$9950%
Sussex$975--
Racine$910+8%
Grayslake$9050%
North Chicago$589--
City2 Beds Avg RentAnnual Change
Cedarburg$2,150--
Wauwatosa$2,115--
Gurnee$2,100--
Pleasant Prairie$2,095+2%
Brookfield$2,052+7%
Pewaukee$1,825-13%
Oak Creek$1,753+52%
West Bend$1,662+5%
New Berlin$1,595+20%
Waukesha$1,461+5%
Waukegan$1,447-1%
Shorewood$1,407-9%
Kenosha$1,341-1%
West Allis$1,295--
Zion$1,250+14%
Racine$1,118+7%
Menomonee Falls$1,050--
Sussex$1,0250%
Grayslake$9820%
Oconomowoc$960-50%
Grafton$870--
North Chicago$644--

Milwaukee, WI Rent Trends

Studio1 Bed2 Beds
Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023Dec 2023Jan 2024Feb 2024Mar 2024Apr 2024May 2024Jun 2024
$1230$1235$1212$1225$1242$1200$1150$1200$1200$975$975$975$975
$1475$1490$1492$1492$1462$1425$1425$1475$1477$1467$1455$1465$1465
$1747$1767$1765$1765$1747$1700$1707$1725$1755$1762$1770$1760$1760
$2425$2750$2750$2625$2600$2625$2650$2500$2500$2500$2500$2500$2600

Neighborhood Information for Milwaukee, WI

What are the most affordable neighborhoods in Milwaukee, WI?

The most affordable neighborhoods in Milwaukee are Park West, where the average 1-bedroom apartment rent goes for $685, Lower East Side, where renters pay $724 on average for a 1-bedroom apartment, and Historic Mitchell Street, where the average 1-bedroom apartment rent goes for $795. If you're looking for other great deals, check out the listings in Timmerman West ($810 for a 1-bedroom apartment) or Uptown ($870 for a 1-bedroom apartment), compared to the $1,465 average for a Milwaukee 1-bedroom apartment.

What are the most expensive neighborhoods in Milwaukee, WI?

The most affordable neighborhoods in Milwaukee are Historic Third Ward, where the average 1-bedroom apartment rent goes for $1,895, Harbor View, where renters pay $1,700 on average for a 1-bedroom apartment, and Northpoint, where the average 1-bedroom apartment rent goes for $1,695. If you're looking for other great deals, check out the listings in Walker's Point ($1,625 for a 1-bedroom apartment) or Downtown ($1,515 for a 1-bedroom apartment), compared to the $1,465 average for a Milwaukee 1-bedroom apartment.

What are the most popular neighborhoods in Milwaukee, WI?

The most popular neighborhoods in Milwaukee are Uptown, where the average 1-bedroom apartment rent goes for $870, Park West, where renters pay $685 on average for a 1-bedroom apartment, and Avenues West, where the average 1-bedroom apartment rent goes for $927. If you're looking for other popular neighborhoods, check out the listings in Kilbourn Town ($1,515 for a 1-bedroom apartment) or Walker's Point ($1,625 for a 1-bedroom apartment), compared to the $1,465 average for a Milwaukee 1-bedroom apartment.

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