Rentometer, Inc. | Data as of 10/23/2025
Milwaukee‑Waukesha’s vibrant metro area offers a diverse rental landscape that appeals to professionals, families, and students alike. From historic neighborhoods such as Bay View and Riverwest to the bustling downtown core, renters can enjoy easy access to Lake Michigan’s waterfront, the iconic Milwaukee Art Museum, and the lively brewery scene. Suburban communities like Wauwatosa, Oak Creek, and Menomonee Falls provide quieter streets and convenient parkways while still being within a short drive of major employment centers and cultural attractions. This mix of urban energy and suburban comfort makes the region a top choice for those seeking a dynamic lifestyle with a strong sense of community.
Apartment options span from studios in the $1200s to spacious three‑bedroom units in the $2000 range, with median rents reflecting the area’s balanced affordability and quality. One‑ and two‑bedroom apartments typically sit in the $1400s to $1800s, while larger four‑plus bedroom layouts offer competitive rates around the $1800 mark. Single‑family homes provide comparable flexibility, with one‑bedroom houses averaging near the $1200s and three‑bedroom homes trending in the $1800s, while larger family homes often fall within the $2000 range. Whether you prefer modern lofts near the Milwaukee River, charming bungalows in Waukesha’s historic districts, or newly built complexes with upscale amenities, the metro’s rental market delivers a variety of choices that cater to different budgets and lifestyle preferences.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,238 | $1,271 | $710 - $1,994 | $985 - $1,533 |
| Apartment | 1 Bedroom | $1,529 | $1,504 | $600 - $3,013 | $1,244 - $1,765 |
| Apartment | 2 Bedroom | $1,850 | $1,750 | $510 - $5,895 | $1,370 - $2,265 |
| Apartment | 3 Bedroom | $2,647 | $2,235 | $750 - $9,195 | $1,461 - $3,122 |
| House | 1 Bedroom | $1,457 | $1,422 | $850 - $2,700 | $900 - $1,950 |
| House | 2 Bedroom | $1,210 | $1,195 | $650 - $2,000 | $800 - $1,550 |
| House | 3 Bedroom | $2,056 | $1,875 | $750 - $5,000 | $1,600 - $2,300 |
| House | 4+ Bedroom | $2,453 | $2,362 | $1,495 - $4,500 | $1,700 - $3,075 |
In the current period, the average rent in Milwaukee-Waukesha, WI was $1,245 for Studio, $1,525 for 1 Bedroom, $1,769 for 2 Bedroom, $2,272 for 3 Bedroom, and $2,389 for 4+ Bedroom.
Data provided by Rentometer, Inc.