Rent in Milwaukee, WI
Across Milwaukee's 37 ZIP codes, a 2-bedroom typically rents for about $1,172 a month, with figures from $937–$1,929. The highest typical rent is in 53202 ($1,929) and the lowest in 53216 ($937). 28 ZIPs have ZIP-level figures from HUD or Census; the other 9 use the county Fair Market Rent. Owner-occupied homes in Milwaukee County pay about 1.93% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $985 | $435–$1,644 | 37 |
| 1 bed | $1,005 | $420–$1,764 | 37 |
| 2 beds | $1,172 | $937–$1,929 | 37 |
| 3 beds | $1,385 | $1,041–$1,962 | 37 |
| 4 beds | $1,664 | $1,175–$2,902 | 37 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Milwaukee ZIP codes
2 beds- 53201$1,263
- 53202$1,263–$1,929
- 53203$1,263–$1,855
- 53204$967–$1,263
- 53205$943–$1,263
- 53206$940–$1,263
- 53207$1,218–$1,263
- 53208$1,031–$1,263
- 53209$981–$1,263
- 53210$1,013–$1,263
- 53211$1,263–$1,379
- 53212$1,111–$1,263
- 53213$1,263–$1,333
- 53214$1,100–$1,263
- 53215$989–$1,263
- 53216$937–$1,263
- 53217$1,263–$1,660
- 53218$1,005–$1,263
- 53219$1,043–$1,263
- 53220$1,102–$1,263
- 53221$1,184–$1,263
- 53222$1,057–$1,263
- 53223$1,156–$1,263
- 53224$1,093–$1,263
- 53225$1,031–$1,263
- 53226$1,263–$1,492
- 53227$1,172–$1,263
- 53228$1,238–$1,263
- 53233$1,103–$1,263
- 53234$1,263
- 53237$1,263
- 53259$1,263
- 53263$1,263
- 53274$1,263
- 53278$1,263
- 53293$1,263
- 53295$1,263
Frequently asked questions
- What is the average rent for a 2-bedroom in Milwaukee, WI?
- About $1,172 a month: the median of the typical rents in 37 ZIP codes, which range from $937–$1,929. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Milwaukee, WI?
- About $1,005 a month: the median of the typical rents in 37 ZIP codes, which range from $420–$1,764. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Milwaukee, WI?
- About $1,385 a month: the median of the typical rents in 37 ZIP codes, which range from $1,041–$1,962. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Milwaukee, WI?
- About $985 a month: the median of the typical rents in 37 ZIP codes, which range from $435–$1,644. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Milwaukee, WI?
- About $1,664 a month: the median of the typical rents in 37 ZIP codes, which range from $1,175–$2,902. Figures are gross rent (rent plus tenant-paid utilities).
- Which Milwaukee ZIP code has the highest rent?
- For a 2-bedroom, 53202 has the highest typical rent at $1,929 a month, and 53216 the lowest at $937.
- What is the property tax rate in Milwaukee, WI?
- Owner-occupied homes in Milwaukee County pay a typical 1.93% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Milwaukee rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).