Milwaukee, WI Rental Market Trends
What is the average rent in Milwaukee?
The average rent for an apartment in Milwaukee is $1,402. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Milwaukee, WI
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,402 | 848 sq. ft. |
What is the average apartment size in Milwaukee?
The average size for a Milwaukee, WI apartment is 848 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
Milwaukee, WI Occupied Housing Units
135,784 or 59% of the households in Milwaukee, WI are renter-occupied while 94,975 or 41% are owner-occupied.
Milwaukee, WI rent trends
Average Rent in Milwaukee, WI By Neighborhood
| City | Average Rent |
|---|---|
| Yankee Hill | $1,667 |
| Northpoint | $1,645 |
| Harbor View | $1,599 |
| Walker's Point | $1,599 |
| Kilbourn Town | $1,578 |
| Eastbrook Park | $1,565 |
| Bay View | $1,541 |
| Halyard Park | $1,432 |
| Menomonee River Valley | $1,409 |
| Polonia | $1,325 |
| Calumet Farms | $1,322 |
| Granville Station | $1,322 |
| Lincoln Park | $1,308 |
| Old North Milwaukee | $1,308 |
| Thurston Woods | $1,308 |
| Fair Park | $1,307 |
| Land Bank | $1,296 |
| Northridge | $1,296 |
| Town & Country Manor | $1,292 |
| Brynwood | $1,285 |
| Granville Woods | $1,285 |
| Northridge Lakes | $1,285 |
| Wyrick Park | $1,285 |
| Mitchell West | $1,267 |
| Lindsay Park | $1,042 |
| Florist Highlands | $1,037 |
| Timmerman West | $1,037 |
| Valhalla | $1,037 |
| Wedgewood | $1,035 |
| Highwood Estates | $1,019 |
| Burnham Park | $895 |
| Layton Park | $895 |
| Silver City | $895 |
| Dineen Park | $892 |
| Lincoln Creek | $892 |
| Cold Spring Park | $663 |
| Concordia | $663 |
| Miller Valley | $663 |
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What are the most affordable neighborhoods in Milwaukee?
The most affordable neighborhoods in Milwaukee are Cold Spring Park, where the average rent goes for $663/month, Concordia, where renters pay $663/mo on average, and Miller Valley, where the average rent goes for $663/mo. If you’re looking for other great deals, check out the listings from Dineen Park ($892), Lincoln Creek ($892), and Burnham Park ($895), where the asking prices are below the average Milwaukee rent of $1,402/mo.
What are the most expensive neighborhoods in Milwaukee?
The most expensive neighborhoods in Milwaukee are Walker's Point ($1,599), Northpoint ($1,645) and Yankee Hill ($1,667).
What are the most popular neighborhoods in Milwaukee?
The most popular neighborhood in Milwaukee is Lindsay Park, where there are 1 listings with an average rent of $1,042. Next up is Thurston Woods, where apartments go for $1,308/month, followed by Valhalla with $1,037 If you’re looking to rent in Milwaukee’s most popular neighborhoods, make sure to also check out Bay View, where renters pay $1,541 on average, and Brynwood, where the average monthly rent is $1,285.
Milwaukee | Rent Comparison by Neighborhood
Rent in Bay View is 20% higher than in Brynwood
$1,541
Bay View rent is 10% higher than Milwaukee average
Average Rent
$1,541
$1,285
Brynwood rent is 8% lower than Milwaukee average
Average Rent
$1,285
How Milwaukee Compares to Other Cities
| State | Average Rent |
|---|---|
| Madison | $1,622 |
| Milwaukee | $1,402 |
| Wisconsin Dells | $1,284 |
| St. Francis | $1,465 |
What is the average price for a storage unit in Milwaukee?
The average rent for a non-climate-controlled 10'x10' storage unit in Milwaukee is $106.59. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.