Rentometer, Inc. | Data as of 10/22/2025
Milwaukee’s rental market blends historic charm with vibrant urban living, offering a diverse range of housing options that cater to students, young professionals, and growing families alike. Apartment seekers can find everything from compact studios in the bustling East Side—where average rents hover in the $1200s and median rates approach $1300—to spacious three‑bedroom units in the Riverwest and Bay View neighborhoods, where the market sits comfortably in the $1500‑$1600 range. Larger apartments with four or more bedrooms also provide flexibility for shared living arrangements, often priced around the mid‑$1500s.
For those preferring a house, Milwaukee presents attractive alternatives across its many districts. One‑ and two‑bedroom homes in the tranquil Oak Leaf and Whitefish Bay areas typically fall within the $1200‑$1300 bracket, while three‑bedroom residences—ideal for families seeking proximity to the Milwaukee Public Museum and Lakefront Trail—average in the $1600s with median rents near $1500. Larger family homes, especially in the historic neighborhoods of Wauwatosa and Shorewood, command rates in the $1800‑$1900 range, reflecting their spacious layouts and sought‑after school districts.
Beyond the numbers, Milwaukee’s rental landscape is enriched by its cultural landmarks, thriving breweries, and extensive lakefront recreation. Whether you’re drawn to the Arts District’s loft‑style apartments, the university‑proximate rentals in the Near West Side, or the tree‑lined streets of the East Hills, the city’s blend of affordability, community amenities, and Midwestern hospitality makes it a compelling place to call home.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,225 | $1,305 | $495 - $1,557 | $1,200 - $1,463 |
| Apartment | 1 Bedroom | $1,455 | $1,470 | $550 - $4,550 | $1,000 - $1,755 |
| Apartment | 2 Bedroom | $1,864 | $1,610 | $500 - $6,269 | $1,136 - $2,250 |
| Apartment | 3 Bedroom | $2,514 | $1,325 | $869 - $11,250 | $1,175 - $2,795 |
| House | 1 Bedroom | $1,152 | $972 | $700 - $1,825 | $950 - $1,495 |
| House | 2 Bedroom | $1,356 | $1,200 | $500 - $3,600 | $995 - $1,450 |
| House | 3 Bedroom | $1,559 | $1,500 | $650 - $2,695 | $1,250 - $1,850 |
| House | 4+ Bedroom | $2,357 | $1,900 | $1,200 - $9,800 | $1,600 - $2,399 |
In the current period, the average rent in Milwaukee was $1,226 for Studio, $1,442 for 1 Bedroom, $1,744 for 2 Bedroom, $1,821 for 3 Bedroom, and $2,096 for 4+ Bedroom.
Data provided by Rentometer, Inc.