Breakwater 233
233 Lake Ave,
Racine, WI 53403
$1,340 - $2,460
Studio - 3 Beds
Rental Market Trends in Racine, WI
What is the average rent in Racine, WI?
$1,006/month
Average Rent
644 Sq Ft
Average Apartment Size
+1.1%
Increase in the Last Year
As of March 2026, the average rent in Racine, WI is $1,006 per month. This is 38% lower than the national average rent of $1,627/month, making renting in Racine more affordable than most cities in the US. When you rent an apartment in Racine, you can expect to pay about $760 per month for a studio, $1,006 for a one-bedroom apartment, and around $1,103 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,384 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 Racine, WI?
In the past year, rent has increased by 1.1%, which averages out to $12 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 March 2026
Legend
2025
2026
Rent Ranges in Racine, WI
Last Updated March 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
25%
Below $700/month
38%
$700 - $1,000/month
32%
$1,001 - $1,500/month
4%
$1,501 - $2,000/month
1%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Racine?
Based on current rent prices, Caledonia, Mount Pleasant and Downtown Racine are the most affordable neighborhoods in Racine.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Racine?
Based on current rent prices, Sturtevant, Old Main Street Historic District and Downtown Racine are the most expensive neighborhoods in Racine.
Neighborhood
Average Rent
Average Sq Ft
Which Racine neighborhoods have the most rentals available?
The neighborhoods in Racine with the most apartments available are Sturtevant, Mount Pleasant and Downtown Racine .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Racine, WI?
Because the average rent in Racine is $1,006, you’ll want to make about $3,353 per month or $40,236 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.
How does Racine, WI compare to other nearby cities and neighborhoods?
Use the tool below to compare Racine, 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
$749/month
$1,303/month
One Bedroom
$1,057/month
$1,310/month
Two Bedroom
$1,142/month
$1,334/month
Three Bedroom
$1,325/month
$1,928/month
Nearby City Rent Trends
Apartment communities in Racine we think you'll love
Property Management Companies in Racine, WI
Gorman & Company
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38
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3,347
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18
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3 Communities in Racine
The Michaels Organization
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81
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12,868
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66
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Prairie Management & Development, Inc.
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16
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3,418
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9
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2 Communities in Racine
Village Green
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166
Communities
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33,877
Units
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96
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1 Community in Racine
Oakbrook Corporation
-
54
Communities
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5,231
Units
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31
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1 Community in Racine
Fiduciary Real Estate Development
-
37
Communities
-
8,891
Units
-
23
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1 Community in Racine
Ludwig and Company
-
26
Communities
-
3,332
Units
-
22
Cities
1 Community in Racine
Gene B. Glick Company
-
37
Communities
-
9,216
Units
-
21
Cities
1 Community in Racine
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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.