Boston Lofts
630 N Vel R Phillips Ave,
Milwaukee, WI 53203
1-2 Beds | $1,652 - $3,267
Rental Market Trends in Milwaukee, WI
What is the average rent in Milwaukee, WI?
$1,161/month
Average Rent
650 Sq Ft
Average Apartment Size
+1.5%
Increase in the Last Year
As of March 2025, the average rent in Milwaukee, WI is $1,161 per month. This is 25% lower than the national average rent of $1,557/month, making renting in Milwaukee more affordable than most cities in the US. When you rent an apartment in Milwaukee, you can expect to pay about $978 per month for a studio, $1,161 for a one-bedroom apartment, and around $1,472 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,981 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Milwaukee, WI?
In the past year, rent has increased by 1.5%, which averages out to $18 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2025
Legend
2024
2025
Rent Ranges in Milwaukee, WI
Last Updated March 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
19%
Below $700/month
37%
$700 - $1,000/month
27%
$1,001 - $1,500/month
13%
$1,501 - $2,000/month
5%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Milwaukee?
Based on current rent prices, Avenues West, Northridge Lakes and Murray Hill are the most affordable neighborhoods in Milwaukee.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Milwaukee?
Based on current rent prices, Historic Third Ward, Juneau Town and Downtown Milwaukee are the most expensive neighborhoods in Milwaukee.
Neighborhood
Average Rent
Average Sq Ft
Which Milwaukee neighborhoods have the most rentals available?
The neighborhoods in Milwaukee with the most apartments available are Downtown Milwaukee, Historic Third Ward and South Milwaukee .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Milwaukee, WI?
Because the average rent in Milwaukee is $1,161, you’ll want to make about $3,870 per month or $46,440 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Milwaukee, WI is 0.7% higher than the national average. Generally, housing in Milwaukee is 2.6% more expensive than the national average, with rent falling between $978 - $1,981. You can expect to pay 2.2% more for groceries, 2.1% more for utilities, and 3.4% less for transportation.
How does Milwaukee, WI compare to other nearby cities and neighborhoods?
Use the tool below to compare Milwaukee, WI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$612/month
$1,738/month
One Bedroom
$697/month
$1,939/month
Two Bedroom
$977/month
$2,520/month
Three Bedroom
$1,370/month
$4,240/month
Nearby City Rent Trends
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Mandel Group
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24
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4,667
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14
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MSP Real Estate Inc
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22
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12
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Fiduciary Real Estate Development
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.