Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Living in 53172
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
South Milwaukee, WI
As of June 2026, South Milwaukee's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. South Milwaukee's average rent is 12.7% ($183) lower than the Wisconsin average of $1,437 and 30.2% ($543) lower than the U.S. average of $1,797.
Average Rent
$1,254
Monthly ChangeMonth Over Month Change
2% ($25)
Yearly ChangeYear Over Year Change
1.8% ($22)
Avg. Days on MarketAverage Days on Market
29
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,129 | 2.5% ($29) | 2.3% ($25) |
| 2 Beds | $1,320 | 1.3% ($17) | 1.9% ($26) |
| 3 Beds | $1,638 | 0.6% ($10) | 2.1% ($35) |
| Nearby Cities | Average Rent | Avg. Rent vs. South MilwaukeeAverage Rent vs. South Milwaukee | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Oak Creek | $1,792 | 42.9% ($538) | 34 days |
| Cudahy | $1,888 | 50.6% ($634) | 31 days |
| Saint Francis | $1,054 | 15.9% ($200) | 34 days |
| Greendale | $1,873 | 49.4% ($619) | 32 days |
| Franklin | $1,429 | 14% ($175) | 32 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
South Milwaukee Rental Market FAQs
Explore rental prices, market trends, and availability in South Milwaukee, WI.
The average rent in South Milwaukee, WI is $1,254 per month.
Homes in South Milwaukee typically rent for between $790 and $2,129 per month, with an average of $1,254 per month.
In South Milwaukee, the average rent for a 1-bedroom home is $1,129 per month, for a 2-bedroom home, $1,320 per month, and a 3-bedroom home is $1,638 per month.
The average rent in South Milwaukee is 30.2% ($543) lower than the national average of $1,797 per month.
The average rent in South Milwaukee has decreased by 2.0% ($25) in the last month and increased by 1.8% ($22) over the past year.
The rental market in South Milwaukee, WI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In South Milwaukee, WI, the average rental stays on the market for approximately 29 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 11 rental properties available in South Milwaukee, WI.
Based on the current averages, a household would need an annual income of $52,800 to comfortably afford a 2-bedroom home in South Milwaukee.
