What is the average apartment size in Downtown Milwaukee, Milwaukee, WI?

The average size for a Downtown Milwaukee, Milwaukee, WI apartment is 888 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Downtown Milwaukee?

As of Feb / 2026, the average rent in Downtown Milwaukee is $2,057 per month, a 0.56% increase from last years average of $2,045.

How much does rent cost by apartment size in Downtown Milwaukee?

In Downtown Milwaukee, studios rent for $1,315 per month, one-bedroom units average $1,802 per month, two-bedrooms cost around $2,400 per month, and three-bedroom apartments rent for about $4,071 per month

What is the average apartment size in Downtown Milwaukee?

The typical apartment in Downtown Milwaukee offers about 888 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Downtown Milwaukee?

Studio apartments in Downtown Milwaukee average 607 sq. ft., one-bedrooms offer 730 sq. ft., two-bedrooms are about 1,119 sq. ft., and three-bedroom apartments average 1,614 sq. ft.

What are the most affordable neighborhoods in Downtown Milwaukee?

The most affordable neighborhoods in Downtown Milwaukee include Concordia ($781/month), Merrill Park ($802/month), and Riverwest ($916/month), all below the citywide average of $1,573.

What are the most expensive neighborhoods in Downtown Milwaukee?

The most expensive neighborhoods in Downtown Milwaukee are Kilbourn Town ($1,847/month), Juneau Town ($2,007/month), and Historic Third Ward ($2,533/month), often due to premium locations and high-end amenities.

Downtown Milwaukee, Milwaukee, WI Rental Market Trends

Q: What's the typical rent budget in Downtown Milwaukee?

The typical rent budget in Downtown Milwaukee ranges from $1,501 to $2,000 per month, with 37% of rentals in this range.

Q: Do most people rent or own in Downtown Milwaukee?

In Downtown Milwaukee, 82% of households rent while 18% own their homes, based on the latest U.S. Census data.

Last updated: April 15, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Downtown Milwaukee is $2,057, a 0.56% increase compared to the previous year, when the average rent was $2,045.

Studio Apartments at $1,315 offer the most budget-friendly option with 607 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 730 square feet for $1,802, balancing privacy and affordability.

Two-beedroom units at $2,400 offer 1,119 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,614 sq ft) for $4,071, suitable for larger households.

Average rent in Downtown Milwaukee, Milwaukee, WI

Last updated: April 15, 2026

	Average Rent	Average Apartment Size
All Rentals	$2,057	888 sq. ft.
Studio	$1,315	607 sq. ft.
1 Bed	$1,802	730 sq. ft.
2 Beds	$2,400	1,119 sq. ft.
3 Beds	$4,071	1,614 sq. ft.

Downtown Milwaukee, Milwaukee, WI rent trends

Rental prices in Downtown Milwaukee, Milwaukee, WI have increased by 0.56% over the past year. The average rent moved from $2,045 to $2,057.

What's the typical rent budget in Downtown Milwaukee, Milwaukee, WI?

The largest share of rentals in Downtown Milwaukee, Milwaukee, WI (37%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Downtown Milwaukee, Milwaukee, WI?

4,927 or 82% of the households in Downtown Milwaukee, Milwaukee, WI are renter-occupied while 1,079 or 18% are owner-occupied.

Most affordable neighborhoods in Downtown Milwaukee?

Concordia $781/month

Merrill Park $802/month

Riverwest $916/month

All of these neighborhoods fall below the city wide average of $1,573/month.

Most expensive neighborhoods in Downtown Milwaukee?

Kilbourn Town $1,847/month

Juneau Town $2,007/month

Historic Third Ward $2,533/month

These neighborhoods typically command higher rents due to location, amenities, and demand.

Average Rent in Milwaukee, WI By Neighborhood

Neighborhood	Average Rent
Historic Third Ward	$2,533
Juneau Town	$2,007
Kilbourn Town	$1,847
Walker's Point	$1,802
Northpoint	$1,763
Lower East Side	$1,730
Bay View	$1,723
Harbor View	$1,723
Brewer's Hill	$1,697
Wyrick Park	$1,694
Calumet Farms	$1,611
Yankee Hill	$1,584
Euclid Park	$1,479
Castle Manor	$1,411
Granville Station	$1,334
Murray Hill	$1,331
Halyard Park	$1,323
Avenues West	$1,315
Haymarket	$1,239
Northridge Lakes	$1,223
Timmerman West	$1,130
Jackson Park	$1,111
Historic Mitchell Street	$1,102
Dineen Park	$1,069
Riverwest	$916
Merrill Park	$802
Concordia	$781

Milwaukee | Rent Comparison by Neighborhood

Rent in Avenues West is 24% lower than in Bay View

$1,315

Avenues West rent is 36% lower than Milwaukee average

Average Rent $1,315

$1,723

Bay View rent is 16% lower than Milwaukee average

Average Rent $1,723

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Milwaukee apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.