Drexel Ridge
7798 S Drexel Ridge Way,
Oak Creek, WI 53154
Studio - 3 Beds | $1,355 - $3,816
Rental Market Trends in South Milwaukee, WI
Updated July 2026
The average rent in South Milwaukee, WI is $975/month.
Rent in South Milwaukee is 41% lower than the national average rent of $1,662/month, making this one of the less expensive cities statewide.
$975/month
Average Rent
740 Sq Ft
Average Size
-4.3%
Change / Year
137
Available Apartments
South Milwaukee rent varies by unit size and layout:
- Studio apartments in South Milwaukee average $870 per month.
- One-bedroom apartments in South Milwaukee average $975 per month.
- Two-bedroom apartments in South Milwaukee average $1,189 per month.
- Three-bedroom apartments in South Milwaukee average $1,311 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in South Milwaukee, WI?
In the past year, rent has decreased by 4.3%, which averages out to $42 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in South Milwaukee, WI
July 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
12%
Below $700/month
44%
$700 - $1,000/month
44%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in South Milwaukee, WI?
Because the average rent in South Milwaukee is $975, you’ll want to make about $3,250 per month or $39,000 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 South Milwaukee, WI compare to other nearby cities and neighborhoods?
Use the tool below to compare South 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.
View the South Milwaukee Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in South Milwaukee We Think You'll Love
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Frequently Asked Questions
What is the average rent in South Milwaukee?
The average rent in South Milwaukee is $975 per month, which is 41.3% lower than the national average of $1,662.
Are rents going up or down in South Milwaukee?
Rents in South Milwaukee, WI are decreasing, with prices down 4.3% year-over-year and $42 less per month.
What rent range is most common in South Milwaukee?
In South Milwaukee, WI, 44% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.