The rental market in Milwaukee, Wisconsin is an attractive one for tenants looking for a city with a low cost of living, excellent schools, and a variety of entertainment options.
Milwaukee is Wisconsin’s largest city, home to over 600,000 people. It is located on the western side of Lake Michigan, making it a popular destination for those seeking a lakeside retreat. The average price for a one-bedroom apartment in Milwaukee is $805, while a two-bedroom is $997. The cost of living in Milwaukee is 14.2% lower than the national average.
The city of Milwaukee is divided into a variety of neighborhoods, all of which offer something unique. The East Side is known for its trendy restaurants and nightlife, while the North Side offers a more laid-back atmosphere. The South Side is home to the University of Wisconsin-Milwaukee, and the West Side has a strong sense of community and a variety of attractions.
When it comes to schools, Milwaukee has a number of high-performing public schools, including the Milwaukee Public Schools, Waukesha Public Schools, and Whitefish Bay Public Schools. Private schools in the area include St. Augustine Preparatory Academy, Dominican High School, and the
The average rental prices for apartments, townhouses, condos, lofts, and single family homes in Milwaukee, WI are as follows:
Apartments: $1,200
Townhouses: $1,400
Condos: $1,200
Lofts: $1,400
Single Family Homes: $1,500
Rental prices in Milwaukee, WI have seen a steady rise over the past 5 years. According to Rent Café, the average rent for a one-bedroom apartment in Milwaukee increased from $814 in 2016 to $1,108 in 2020, an increase of 36%. Two-bedroom apartments experienced a similar increase, from $1,033 in 2016 to $1,371 in 2020, an increase of 33%. Three-bedroom apartments saw an even bigger jump, from $1,273 in 2016 to $1,700 in 2020, an increase of 33%.
The median rental price for 1-bedroom apartments in Milwaukee, WI is $1,050, for 2-bedroom apartments it is $1,275, and for 3-bedroom apartments it is $1,450.
School districts in Milwaukee, WI are generally considered to be among the lowest performing in the nation. The city has struggled with high poverty, low test scores, and inadequate resources for many years. However, Milwaukee is making strides to improve their schools. The school district has implemented a number of initiatives to improve student achievement and close the achievement gap, such as increasing the number of high-quality teachers, introducing more rigorous curriculum, and providing additional support to English language learners. While there is still a long way to go, Milwaukee is making strides in the right direction and is showing signs of improvement.
1. East Side
2. Bay View
3. Walker’s Point
4. Downtown
5. Third Ward
1. Northpoint,
2. Whitefish Bay,
3. Fox Point,
4. Shorewood,
5. Wauwatosa.