Rowe MKE
1845 N Water St,
Milwaukee, WI 53202
$1,749 - $5,535
Studio - 3 Beds
Rental Market Trends in Milwaukee, WI
What is the average rent in Milwaukee, WI?
$1,187/month
Average Rent
645 Sq Ft
Average Apartment Size
+0.6%
Increase in the Last Year
As of February 2026, the average rent in Milwaukee, WI is $1,187 per month. This is 27% lower than the national average rent of $1,625/month, making renting in Milwaukee more affordable than most cities in the US. When you rent an apartment in Milwaukee, you can expect to pay about $996 per month for a studio, $1,187 for a one-bedroom apartment, and around $1,501 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,971 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Milwaukee, WI?
In the past year, rent has increased by 0.6%, which averages out to $8 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2026
Legend
2025
2026
Rent Ranges in Milwaukee, WI
Last Updated February 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
16%
Below $700/month
34%
$700 - $1,000/month
31%
$1,001 - $1,500/month
14%
$1,501 - $2,000/month
5%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Milwaukee?
Based on current rent prices, Southpoint, Red Oak Heights and Rolling Green are the most affordable neighborhoods in Milwaukee.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Milwaukee?
Based on current rent prices, Historic Third Ward, Juneau Town and Lake Park are the most expensive neighborhoods in Milwaukee.
Neighborhood
Average Rent
Average Sq Ft
Which Milwaukee neighborhoods have the most rentals available?
The neighborhoods in Milwaukee with the most apartments available are Downtown Milwaukee, South Milwaukee and Lower East Side .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Milwaukee, WI?
Because the average rent in Milwaukee is $1,187, you’ll want to make about $3,956 per month or $47,472 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Milwaukee, WI is 0.3% higher than the national average. Generally, housing in Milwaukee is 6.5% more expensive than the national average, with rent falling between $996 - $1,971. You can expect to pay 0.6% more for groceries, 7.8% less for utilities, and 2.2% more for transportation.
How does Milwaukee, WI compare to other nearby cities and neighborhoods?
Use the tool below to compare Milwaukee, WI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$1,692/month
One Bedroom
$941/month
$1,909/month
Two Bedroom
$1,096/month
$2,482/month
Three Bedroom
-
$4,106/month
Nearby City Rent Trends
Apartment communities in Milwaukee we think you'll love
Property Management Companies in Milwaukee, WI
Harmoniq Residential
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37
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4,220
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15
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Wimmer Communities
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26
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4,091
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11
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Metropolitan Associates
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29
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3,885
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12
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Joseph Property Development
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24
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1,925
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11
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New Land Enterprises
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19
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2,195
Units
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3
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Mandel Group
-
23
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-
4,611
Units
-
14
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15 Communities in Milwaukee
Bieck Management Inc.
-
17
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-
1,424
Units
-
8
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15 Communities in Milwaukee
Ogden & Company, Inc.
-
16
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-
1,121
Units
-
5
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Methodology
† 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 February 2026.
* Percentages may not total 100 due to rounding.