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Homes & Apartments for Rent in Milwaukee, WI 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
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As of October 2026, Milwaukee's rental market is stable, with rentals spending about 36 days on the market, about the same as in Wisconsin (36), and rents down 1.2% over the past year. Milwaukee's average rent is 4.7% ($71) lower than the Wisconsin average of $1,506 and 31.1% ($647) lower than the U.S. average of $2,082.

Average Rent
$1,435
Monthly ChangeMonth Over Month Change
Decreased0.55% ($8)
Yearly ChangeYear Over Year Change
Decreased1.2% ($18)
Days on Market
36
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,188 Decreased0.72% ($9) Decreased4.6% ($58)
2 Beds $1,470 Decreased0.20% ($3) Increased1.5% ($22)
3 Beds $1,732 Decreased0.94% ($16) Decreased1.0% ($17)
Nearby Cities Average Rent Avg. Rent vs. MilwaukeeAverage Rent vs. Milwaukee Days on Market
St. Francis $1,247 Decreased13.1% ($188) 33 days
Elm Grove $2,227 Increased55.2% ($792) 33 days
Butler $1,439 Increased0.3% ($4) 34 days
Cudahy $1,472 Increased2.6% ($37) 31 days
Greendale $1,668 Increased16.2% ($233) 35 days
Based on rentals advertised on RentalSource in and around Milwaukee.
Frequently Asked Questions
Milwaukee Rental Market FAQs

Explore rental prices, market conditions, and affordability in Milwaukee, WI.

The average rent in Milwaukee, WI is $1,435 per month.
In Milwaukee, the average rent is $1,188 per month for a 1-bedroom home, $1,470 for a 2-bedroom home and $1,732 for a 3-bedroom home.
The average rent in Milwaukee is 31.1% ($647) lower than the national average of $2,082 per month.
The rental market in Milwaukee, WI is currently stable, with rentals spending about 36 days on the market, about the same as in Wisconsin (36), and rents down 1.2% over the past year.
Based on the current averages, a household would need an annual income of $58,800 to comfortably afford a 2-bedroom home in Milwaukee.
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