Homes & Apartments for Rent in 53214

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What to Know About

Living in 53214

Milwaukee, situated on the western coast of Lake Michigan, is a city that embodies Wisconsin's rich history, cultural heritage, and exciting modern developments. As the heart of beer country, Milwaukee is home to some of the country's oldest and most famous breweries. Enjoy its vibrant German heritage at one of the many German-style restaurants, bars, and festivals.

Milwaukee's arts and culture scene is truly unparalleled, with world-class institutions such as the Milwaukee Art Museum, Milwaukee County Zoo, Harley-Davidson Museum, and the Marcus Center for the Performing Arts, to name a few. In addition, sports enthusiasts can rally behind their favorite teams, like the Milwaukee Bucks (NBA) and the Milwaukee Brewers (MLB). At the same time, nature lovers can explore Milwaukee's gorgeous parks and beaches, including Grant Park, Juneau Park, Lakeshore State Park, Lake Michigan, and Bradford Beach.

Milwaukee is also known for its thrilling events and festivals, including the Summerfest music festival, the Milwaukee Irish Fest, and the Milwaukee Film Festival, which draw visitors from all over. With its diverse population, excellent universities, and vibrant downtown, Milwaukee is a fantastic place to call home.

Rental Market Trends

Milwaukee, WI

As of September 2026, Milwaukee's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Milwaukee's average rent is 0.6% ($9) lower than the Wisconsin average of $1,440 and 20.9% ($377) lower than the U.S. average of $1,808.

Average Rent
$1,431
Monthly ChangeMonth Over Month Change
Decreased0.6% ($9)
Yearly ChangeYear Over Year Change
Decreased7.1% ($110)
Avg. Days on MarketAverage Days on Market
31
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,253 Decreased0.6% ($7) Decreased8.6% ($118)
2 Beds $1,633 Increased0.4% ($7) Decreased4.1% ($70)
3 Beds $2,020 Decreased2.6% ($53) Increased6.4% ($122)
Nearby Cities Average Rent Avg. Rent vs. MilwaukeeAverage Rent vs. Milwaukee Avg. Days on MarketAverage Days on Market
St. Francis $991 Decreased30.7% ($440) 34 days
Elm Grove $1,743 Increased21.8% ($312) 37 days
Greendale $1,868 Increased30.5% ($437) 32 days
Cudahy $2,019 Increased41.1% ($588) 31 days
Brookfield $1,520 Increased6.2% ($89) 41 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Milwaukee Rental Market FAQs

Explore rental prices, market trends, and availability in Milwaukee, WI.

The average rent in Milwaukee, WI is $1,431 per month.
Homes in Milwaukee typically rent for between $877 and $2,626 per month, with an average of $1,431 per month.
In Milwaukee, the average rent for a 1-bedroom home is $1,253 per month, for a 2-bedroom home, $1,633 per month, and a 3-bedroom home is $2,020 per month.
The average rent in Milwaukee is 20.9% ($377) lower than the national average of $1,808 per month.
The average rent in Milwaukee has decreased by 0.6% ($9) in the last month and decreased by 7.1% ($110) over the past year.
The rental market in Milwaukee, WI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Milwaukee, WI, the average rental stays on the market for approximately 31 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 827 rental properties available in Milwaukee, WI.
Based on the current averages, a household would need an annual income of $65,320 to comfortably afford a 2-bedroom home in Milwaukee.
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