Homes for Rent in 53215

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What to Know About

Living in 53215

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 March 2026, Milwaukee's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Milwaukee's average rent is 8.1% ($116) higher than the Wisconsin average of $1,435 and 12.3% ($218) lower than the U.S. average of $1,769.

Average Rent
$1,551
Monthly ChangeMonth Over Month Change
Decreased0.6% ($10)
Yearly ChangeYear Over Year Change
Increased12.1% ($168)
Avg. Days on MarketAverage Days on Market
31
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,402 Decreased0.4% ($6) Increased16.1% ($194)
2 Beds $1,667 Decreased2.4% ($41) Increased10.9% ($164)
3 Beds $1,842 Decreased12.8% ($271) Decreased1.2% ($23)
Nearby Cities Average Rent Avg. Rent vs. MilwaukeeAverage Rent vs. Milwaukee Avg. Days on MarketAverage Days on Market
Saint Francis $1,048 Decreased32.4% ($503) 34 days
Elm Grove $2,009 Increased29.5% ($458) 37 days
Greendale $1,989 Increased28.2% ($438) 32 days
Cudahy $1,926 Increased24.2% ($375) 31 days
Brookfield $1,759 Increased13.4% ($208) 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 $1,551 per month.
Homes in Milwaukee typically rent for between $981 and $2,395 per month, with an average of $1,551 per month.
In Milwaukee, the average rent for a 1-bedroom home is $1,402 per month, for a 2-bedroom home, $1,667 per month, and a 3-bedroom home is $1,842 per month.
The average rent in Milwaukee is 12.3% ($218) lower than the national average of $1,769 per month.
The average rent in Milwaukee has decreased by 0.6% ($10) in the last month and increased by 12.1% ($168) 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 779 rental properties available in Milwaukee, WI.
Based on the current averages, a household would need an annual income of $66,680 to comfortably afford a 2-bedroom home in Milwaukee.
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