Homes & Apartments for Rent in 53216

1-20 of 32 rentals
Viewing 1-20 of 32 rentals in 53216
What to Know About

Living in 53216

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 October 2026, Milwaukee's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Milwaukee's average rent is 1.4% ($21) lower than the Wisconsin average of $1,451 and 21.4% ($389) lower than the U.S. average of $1,819.

Average Rent
$1,430
Monthly ChangeMonth Over Month Change
Decreased0.1% ($1)
Yearly ChangeYear Over Year Change
Decreased8.7% ($137)
Avg. Days on MarketAverage Days on Market
32
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,264 Increased0.9% ($11) Decreased8.2% ($113)
2 Beds $1,509 Decreased7.6% ($124) Decreased8.9% ($148)
3 Beds $1,932 Decreased4.4% ($88) Decreased7.6% ($159)
Nearby Cities Average Rent Avg. Rent vs. MilwaukeeAverage Rent vs. Milwaukee Avg. Days on MarketAverage Days on Market
St. Francis $1,405 Decreased1.7% ($25) 37 days
Elm Grove $1,743 Increased21.9% ($313) 38 days
Greendale $1,943 Increased35.9% ($513) 33 days
Cudahy $1,888 Increased32% ($458) 33 days
Brookfield $1,644 Increased15% ($214) 39 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 $1,430 per month.
Homes in Milwaukee typically rent for between $885 and $2,512 per month, with an average of $1,430 per month.
In Milwaukee, the average rent for a 1-bedroom home is $1,264 per month, for a 2-bedroom home, $1,509 per month, and a 3-bedroom home is $1,932 per month.
The average rent in Milwaukee is 21.4% ($389) lower than the national average of $1,819 per month.
The average rent in Milwaukee has decreased by 0.1% ($1) in the last month and decreased by 8.7% ($137) 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 32 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 822 rental properties available in Milwaukee, WI.
Based on the current averages, a household would need an annual income of $60,360 to comfortably afford a 2-bedroom home in Milwaukee.
What's New on the Blog

Explore recent posts on our blog, curated for renters, landlords, and industry pros.

List Your Property for Rent

Are You a Rental Professional?

Advertise on RentalSource, Zillow, Realtor.com, Zumper and more to attract quality tenants faster and take your listings to the next level.