Breakwater 233
233 Lake Ave,
Racine, WI 53403
Studio - 3 Beds | $1,465 - $2,030
Rental Market Trends in Racine, WI
What is the average rent in Racine, WI?
$991/month
Average Rent
644 Sq Ft
Average Apartment Size
+2%
Increase in the Last Year
As of July 2025, the average rent in Racine, WI is $991 per month. This is 39% lower than the national average rent of $1,637/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 $753 per month for a studio, $991 for a one-bedroom apartment, and around $1,079 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 2%, which averages out to $20 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 July 2025
Legend
2024
2025
Rent Ranges in Racine, WI
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
30%
Below $700/month
33%
$700 - $1,000/month
34%
$1,001 - $1,500/month
1%
$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, Rapids Drive, Oakwood Grove and Uptown 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 Mount Pleasant, Downtown Racine and Sturtevant .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Racine, WI?
Because the average rent in Racine is $991, you’ll want to make about $3,303 per month or $39,636 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
-
$1,282/month
One Bedroom
-
$1,197/month
Two Bedroom
-
$1,175/month
Three Bedroom
-
$1,777/month
Nearby City Rent Trends
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Village Green
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Oakbrook Corporation
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51
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4,965
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Fiduciary Real Estate Development
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36
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Gene B. Glick Company
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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 June 2025.
* Percentages may not total 100 due to rounding.