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 April 2026, Milwaukee's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Milwaukee's average rent is 4.8% ($70) higher than the Wisconsin average of $1,459 and 14.5% ($259) lower than the U.S. average of $1,788.

Average Rent

$1,529

Monthly ChangeMonth Over Month Change

1.4% ($22)

Yearly ChangeYear Over Year Change

9.1% ($127)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,370	2.3% ($32)	12.3% ($150)
2 Beds	$1,658	0.5% ($9)	10.4% ($156)
3 Beds	$1,865	1.2% ($23)	2.1% ($40)

Nearby Cities	Average Rent	Avg. Rent vs. MilwaukeeAverage Rent vs. Milwaukee	Avg. Days on MarketAverage Days on Market
Saint Francis	$1,003	34.4% ($526)	34 days
Elm Grove	$2,016	31.9% ($487)	37 days
Greendale	$1,880	23% ($351)	32 days
Cudahy	$1,872	22.4% ($343)	31 days
Brookfield	$1,810	18.4% ($281)	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.

What is the average rent in Milwaukee, WI?

The average rent in Milwaukee, WI is $1,529 per month.

What is the rental price range for homes in Milwaukee, WI?

Homes in Milwaukee typically rent for between $959 and $2,425 per month, with an average of $1,529 per month.

What is the average rent for different bedroom sizes in Milwaukee, WI?

In Milwaukee, the average rent for a 1-bedroom home is $1,370 per month, for a 2-bedroom home, $1,658 per month, and a 3-bedroom home is $1,865 per month.

How do rent prices in Milwaukee, WI compare with the national average?

The average rent in Milwaukee is 14.5% ($259) lower than the national average of $1,788 per month.

How have rent prices in Milwaukee, WI changed recently?

The average rent in Milwaukee has decreased by 1.4% ($22) in the last month and increased by 9.1% ($127) over the past year.

How competitive is the rental market in Milwaukee, WI?

The rental market in Milwaukee, WI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Milwaukee, WI?

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.

How many rental properties are available in Milwaukee, WI?

There are currently 787 rental properties available in Milwaukee, WI.

Can I afford to rent a home in Milwaukee, WI?

Based on the current averages, a household would need an annual income of $66,320 to comfortably afford a 2-bedroom home in Milwaukee.