The Avenues
2222 Northwestern Ave,
Racine, WI 53404
Studio - 3 Beds | $995 - 2,095
Rental Market Trends in Racine, WI
What is the average rent in Racine, WI?
$949/month
Average Rent
633 Sq Ft
Average Apartment Size
+0.8%
Increase in the Last Year
As of November 2024, the average rent in Racine, WI is $949 per month. This is 39% lower than the national average rent of $1,559/month, making renting in Racine more affordable than most cities in the US. When you rent an apartment in Racine, you can expect to pay about $751 per month for a studio, $949 for a one-bedroom apartment, and around $1,055 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,296 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 Racine, WI?
In the past year, rent has increased by 0.8%, which averages out to $8 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 November 2024
Legend
2023
2024
Rent Ranges in Racine, WI
Last Updated November 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
32%
Below $700/month
30%
$700 - $1,000/month
34%
$1,001 - $1,500/month
3%
$1,501 - $2,000/month
1%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Racine?
Based on current rent prices, Caledonia, Uptown Racine and Mount Pleasant are the most affordable neighborhoods in Racine.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Racine?
Based on current rent prices, Sturtevant, Downtown Racine and Mount Pleasant are the most expensive neighborhoods in Racine.
Neighborhood
Average Rent
Average Sq Ft
Which Racine neighborhoods have the most rentals available?
The neighborhoods in Racine with the most apartments available are Downtown Racine, Mount Pleasant and Sturtevant .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Racine, WI?
Because the average rent in Racine is $949, you’ll want to make about $3,163 per month or $37,956 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.
How does Racine, WI compare to other nearby cities and neighborhoods?
Use the tool below to compare Racine, 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
$694/month
$1,242/month
One Bedroom
$983/month
$996/month
Two Bedroom
$1,071/month
$1,070/month
Three Bedroom
$1,218/month
$1,635/month
Nearby City Rent Trends
Apartment communities in Racine we think you'll love
Property Management Companies in Racine, WI
Gorman & Company
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36
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3,163
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18
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The Michaels Organization
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89
Communities
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14,396
Units
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73
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Decker Properties
-
19
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-
1,216
Units
-
17
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2 Communities in Racine
Harmoniq Residential
-
33
Communities
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3,329
Units
-
13
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2 Communities in Racine
Prairie Management & Development, Inc.
-
15
Communities
-
3,232
Units
-
9
Cities
2 Communities in Racine
Legacy and Varin Property Management Services
-
20
Communities
-
3,520
Units
-
8
Cities
2 Communities in Racine
PRE/3
-
175
Communities
-
13,742
Units
-
114
Cities
1 Community in Racine
Village Green
-
178
Communities
-
40,158
Units
-
104
Cities
1 Community in Racine
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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.