Homes for Rent in 53233

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What to Know About

Living in 53233

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 August 2025, Milwaukee's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Milwaukee's average rent is 4.4% ($63) higher than the Wisconsin average of $1,447 and 15.6% ($280) lower than the U.S. average of $1,790.

Average Rent
$1,510
Monthly ChangeMonth Over Month Change
Increased0.9% ($13)
Yearly ChangeYear Over Year Change
Increased21.6% ($268)
Avg. Days on MarketAverage Days on Market
31
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,353 Increased2.2% ($29) Increased20.6% ($231)
2 Beds $1,677 Increased1% ($16) Increased35.5% ($439)
3 Beds $1,946 Increased4.6% ($86) Increased23.1% ($365)
Nearby Cities Average Rent Avg. Rent vs. MilwaukeeAverage Rent vs. Milwaukee Avg. Days on MarketAverage Days on Market
Saint Francis $922 Decreased38.9% ($588) 34 days
Elm Grove $2,004 Increased32.7% ($494) 37 days
Greendale $1,863 Increased23.4% ($353) 32 days
Cudahy $2,236 Increased48.1% ($726) 31 days
Brookfield $2,193 Increased45.2% ($683) 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 $1,510 per month.
Homes in Milwaukee typically rent for between $947 and $2,530 per month, with an average of $1,510 per month.
In Milwaukee, the average rent for a 1-bedroom home is $1,353 per month, for a 2-bedroom home, $1,677 per month, and a 3-bedroom home is $1,946 per month.
The average rent in Milwaukee is 15.6% ($280) lower than the national average of $1,790 per month.
The average rent in Milwaukee has increased by 0.9% ($13) in the last month and increased by 21.6% ($268) 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 785 rental properties available in Milwaukee, WI.
Based on the current averages, a household would need an annual income of $67,080 to comfortably afford a 2-bedroom home in Milwaukee.
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