• Renter Tools
    • Favorites
    • Saved Searches
  • Manage Rentals
  • Apartments For Rent
    • Bay View Apartments For Rent
    • Brookfield Apartments For Rent
    • Brown Deer Apartments For Rent
    • Glendale Apartments For Rent
    • Greenfield Apartments For Rent
    • Kenosha Apartments For Rent
    • Milwaukee Apartments For Rent
    • Mount Pleasant Apartments For Rent
    • New Berlin Apartments For Rent
    • Pewaukee Apartments For Rent
  • Houses For Rent
    • Bay View Houses For Rent
    • Brookfield Houses For Rent
    • Brown Deer Houses For Rent
    • Delafield Houses For Rent
    • Glendale Houses For Rent
    • Greenfield Houses For Rent
    • Kenosha Houses For Rent
    • Milwaukee Houses For Rent
    • Mount Pleasant Houses For Rent
    • New Berlin Houses For Rent
  • Condos For Rent
    • Bay View Condos For Rent
    • Brookfield Condos For Rent
    • Brown Deer Condos For Rent
    • Cudahy Condos For Rent
    • Kenosha Condos For Rent
    • Mequon Condos For Rent
    • Milwaukee Condos For Rent
    • Mount Pleasant Condos For Rent
    • Pewaukee Condos For Rent
    • Racine Condos For Rent
  • Townhomes For Rent
    • Brown Deer Townhomes For Rent
    • Cedarburg Townhomes For Rent
    • Franklin Townhomes For Rent
    • Glendale Townhomes For Rent
    • Grafton Townhomes For Rent
    • Greenfield Townhomes For Rent
    • Jackson Townhomes For Rent
    • Kenosha Townhomes For Rent
    • Mequon Townhomes For Rent
    • Milwaukee Townhomes For Rent
  • Help Center
  • Cost of Living in Milwaukee
  • Area Guide
  • Rent Calculator
  • Property Management Companies

Language

Apartments.com Logo
Manage Rentals      Sign Up / Sign In
Add a Property

Rental Market Trends in Milwaukee, WI

What is the average rent in Milwaukee, WI?

$1,183/month

Average Rent

648 Sq Ft

Average Apartment Size

+1.6%

Increase in the Last Year

As of June 2025, the average rent in Milwaukee, WI is $1,183 per month. This is 27% lower than the national average rent of $1,628/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 $986 per month for a studio, $1,183 for a one-bedroom apartment, and around $1,497 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,004 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$986/month
436 Sq Ft
One Bedroom
$1,183/month
648 Sq Ft
Two Bedroom
$1,497/month
958 Sq Ft
Three Bedroom
$2,004/month
1,223 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$942/month
439 Sq Ft
Two Bedroom
$1,564/month
814 Sq Ft
Three Bedroom
$2,188/month
1,137 Sq Ft
Four Bedroom
$2,708/month
1,655 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,338/month
704 Sq Ft
Two Bedroom
$1,855/month
961 Sq Ft
Three Bedroom
$1,954/month
1,236 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,374/month
1,000 Sq Ft
Three Bedroom
$1,675/month
1,226 Sq Ft
Four Bedroom
$2,686/month
2,090 Sq Ft

How much has average rent changed in Milwaukee, WI?

In the past year, rent has increased by 1.6%, which averages out to $19 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 June 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Milwaukee, WI
Last Updated June 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Milwaukee, WI
Percentage*
Rent Range
18% Below $700/month
36% $700 - $1,000/month
27% $1,001 - $1,500/month
14% $1,501 - $2,000/month
5% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Milwaukee?

Based on current rent prices, Muskegg Way, Pheasant Run and Southpoint are the most affordable neighborhoods in Milwaukee.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Muskegg Way
$888/month
644 Sq Ft
Pheasant Run
$890/month
685 Sq Ft
Southpoint
$946/month
629 Sq Ft
Granville Station
$968/month
692 Sq Ft
Fairway Place
$968/month
692 Sq Ft
Burnham Park
$999/month
599 Sq Ft
Avenues West
$1,016/month
630 Sq Ft
Mitchell Heights
$1,016/month
608 Sq Ft
Marquette
$1,036/month
638 Sq Ft
Timmerman West
$1,080/month
693 Sq Ft

What are the most expensive neighborhoods in Milwaukee?

Based on current rent prices, Lake Park, Historic Third Ward and Juneau Town are the most expensive neighborhoods in Milwaukee.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Lake Park
$2,265/month
657 Sq Ft
Historic Third Ward
$2,183/month
733 Sq Ft
Juneau Town
$2,110/month
677 Sq Ft
Riverwest
$1,924/month
740 Sq Ft
Brewery District
$1,908/month
732 Sq Ft
Schlitz Park
$1,904/month
747 Sq Ft
King Park
$1,879/month
700 Sq Ft
Hillside
$1,865/month
671 Sq Ft
Haymarket
$1,837/month
747 Sq Ft
Downtown Milwaukee
$1,836/month
725 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 .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Milwaukee
$1,836/month
725 Sq Ft
South Milwaukee
$1,625/month
726 Sq Ft
Lower East Side
$1,771/month
735 Sq Ft
Historic Third Ward
$2,183/month
733 Sq Ft
Juneau Town
$2,110/month
677 Sq Ft
Westown
$1,600/month
736 Sq Ft
Northwest Milwaukee
$1,424/month
737 Sq Ft
Lake Park
$2,265/month
657 Sq Ft
Yankee Hill
$1,782/month
728 Sq Ft
Northpoint
$1,585/month
718 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Milwaukee, WI?

Because the average rent in Milwaukee is $1,183, you’ll want to make about $3,943 per month or $47,316 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 0.5% higher than the national average. Generally, housing in Milwaukee is 4.2% more expensive than the national average, with rent falling between $986 - $2,004. You can expect to pay 0.8% more for groceries, 6.0% less for utilities, and 2.7% more for transportation.

City

Milwaukee, WI

7,901 Available Apartments for Rent

Search for Nearby Apartments

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.

Explore the Area Guide for Milwaukee, WI

Apartment Averages

Muskegg Way

Milwaukee, WI

Lake Park

Milwaukee, WI

Studio
-
-
One Bedroom
$713/month
-
Two Bedroom
$1,020/month
-
Three Bedroom
$1,020/month
-
Search
Search

Nearby City Rent Trends

  • Wauwatosa Average Rent
  • West Milwaukee Average Rent
  • Shorewood Average Rent
  • West Allis Average Rent
  • Glendale Average Rent
  • Whitefish Bay Average Rent

Apartment communities in Milwaukee we think you'll love

Bridgeview Apartments

Bridgeview Apartments

235 E Pittsburgh Ave,
Milwaukee, WI 53204

1 Bed | Call for Rent

Boston Lofts

Boston Lofts

630 N Vel R Phillips Ave,
Milwaukee, WI 53203

1-2 Beds | $1,625 - $3,895

Sycamore Place

Sycamore Place

7300 W Dean Rd,
Milwaukee, WI 53223

Studio - 2 Beds | $895 - $1,545

Elevation 1659

Elevation 1659

1659 N Jackson St,
Milwaukee, WI 53202

1-2 Beds | $1,545 - $2,950

Property Management Companies in Milwaukee, WI

Harmoniq Residential
Harmoniq Residential
  • 31

    Communities

  • 3,468

    Units

  • 12

    Cities

24 Communities in Milwaukee
Wimmer Communities
Wimmer Communities
  • 25

    Communities

  • 4,021

    Units

  • 10

    Cities

22 Communities in Milwaukee
Joseph Property Development
Joseph Property Development
  • 24

    Communities

  • 1,876

    Units

  • 11

    Cities

18 Communities in Milwaukee
New Land Enterprises
New Land Enterprises
  • 16

    Communities

  • 1,697

    Units

  • 1

    City

16 Communities in Milwaukee
Mandel Group
Mandel Group
  • 23

    Communities

  • 4,611

    Units

  • 14

    Cities

15 Communities in Milwaukee
Ogden & Company, Inc.
Ogden & Company, Inc.
  • 17

    Communities

  • 1,159

    Units

  • 5

    Cities

15 Communities in Milwaukee
Katz Properties
Katz Properties
  • 17

    Communities

  • 3,534

    Units

  • 10

    Cities

12 Communities in Milwaukee
Oakbrook Corporation
Oakbrook Corporation
  • 51

    Communities

  • 4,965

    Units

  • 31

    Cities

11 Communities in Milwaukee

Learn More with Helpful Articles

Tips for Finding an Apartment in a New City

Concrete jungle or small-town suburb? Your new home awaits.

How to Choose an Apartment Community You’ll Love

Avoid renter's remorse - know what to look for in your next apartment.

How Much Should I Spend on Rent?

It's time to break down your budget and calculate costs.

Non-Monetary Factors to Consider When Renting or Buying a Home

Money isn't the only matter.

Explore the Renterverse

Rental management, simplified

Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com

Start managing your rentals
United States Wisconsin Milwaukee Rental Trends

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 June 2025.

* Percentages may not total 100 due to rounding.

  • About Us
  • Advertise
  • Legal Notices
  • Privacy Notice
  • Avoid Scams
  • Accessibility
  • Blog
  • Long Island Apartments
  • Sitemap
apartments.com
© 2025 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2025 CoStar Group, Inc.

Equal Housing Opportunity