Average Rent in Milwaukee, WI
Milwaukee offers affordable lakefront living with a strong beer culture, growing food scene, and revitalized downtown. The Third Ward and surrounding neighborhoods provide urban amenities at Midwest prices.
+2.5%YoY
Studio
$850
1-Bedroom
$1,050
2-Bedroom
$1,250
3-Bedroom
$1,550
Market Overview
Year-over-Year Change+2.5%
Vacancy Rate5%
Renter Population56%
Median Income$43,125/yr
Rent-to-Income Ratio29.2%
Cost of Living Index85 (US avg: 100)
Market Condition
Balanced Market
Market is relatively balanced between landlords and tenants.
Tenant Protections
- Security deposit return within 21 days
- No rent control (Wisconsin preemption)
- Landlord must maintain habitable conditions
- 28-day notice required for month-to-month termination
Rent by Neighborhood in Milwaukee
Third Ward
Converted warehouses with Milwaukee Public Market and galleries.
Walk Score: 85Safety: 8/10
1-Bed
$1,400
2-Bed
$1,700
3-Bed
$2,100
East Side
Near UWM with Brady Street dining and lakefront parks.
Walk Score: 82Safety: 7/10
1-Bed
$1,100
2-Bed
$1,350
3-Bed
$1,650
Bay View
Trendy neighborhood with KK Avenue restaurants and South Shore Park.
Walk Score: 60Safety: 7/10
1-Bed
$1,000
2-Bed
$1,200
3-Bed
$1,500
Walker's Point
Diverse neighborhood with craft distilleries and Fifth Street nightlife.
Walk Score: 72Safety: 6/10
1-Bed
$1,150
2-Bed
$1,400
3-Bed
$1,750
Tips for Renting in Milwaukee
- 1Milwaukee winters are harsh - budget $100-200/month for heating
- 2Lakefront living is surprisingly affordable compared to coastal cities
- 3The Hop streetcar is free and connects downtown neighborhoods
- 4Summerfest and other festivals make summer months vibrant but can affect noise levels
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