Rowe MKE
1845 N Water St,
Milwaukee, WI 53202
$1,814 - $5,487
Studio - 3 Beds
Downtown Milwaukee offers a fascinating blend of art, culture, history, and sophistication. Entertainment ranges from an evening at the opera to catching a rock concert. As the artistic hub of the city, Downtown Milwaukee is home to more than 40 art galleries. It is also home to places like the Milwaukee Public Museum, the Streets of Old Milwaukee, and the Milwaukee Riverwalk. Downtown Milwaukee is home to several smaller neighborhoods, each adding their own unique flair to the city center. These neighborhoods include the financial hub of East Town, the chic and trendy Historic Third Ward, the sports hub of Westown, and the elegant North End. The two-mile-long Riverwalk is home to some of the city's best brewpubs, restaurants, public art, and more. Downtown Milwaukee is minutes from Marquette University and the Milwaukee School of Engineering.
As of January 2026, the average apartment rent in Downtown Milwaukee is $1,152 for a studio, $1,463 for one bedroom, and $1,542 for two bedrooms. Apartment rent in Downtown Milwaukee has increased by 0.9% in the past year.
Studio
307 sq ft
Average Sq Ft
$1,152/month
Average Rent
1 BR
618 sq ft
Average Sq Ft
$1,463/month
Average Rent
2 BR
438 sq ft
Average Sq Ft
$1,542/month
Average Rent
3,440
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.