65 Luxury Apartments for rent in Milwaukee, WI

Last updated November 19 at 2:47pm UTC
St. James Place Apartments
10300 W Fountain Ave
Milwaukee, WI
Updated November 19 at 2:17pm UTC
1 Bedroom
$890
2 Bedrooms
$1,080
1902 N Commerce St
Riverwest
Milwaukee, WI
Updated November 19 at 11:24am UTC
2 Bedrooms
$2,095
814 E Kilbourn
Juneau Town
Milwaukee, WI
Updated November 16 at 12:08pm UTC
2 Bedrooms
$2,875
1300 N Prospect 124
Yankee Hill
Milwaukee, WI
Updated November 19 at 11:22am UTC
2 Bedrooms
$2,250
1006 E State St 47
Yankee Hill
Milwaukee, WI
Updated November 16 at 12:08pm UTC
2 Bedrooms
$1,795
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November 2017 Milwaukee Rent Report

Welcome to the November 2017 Milwaukee Rent Report. Milwaukee rents declined over the past month. In this report, we'll evaluate trends in the Milwaukee rental market, including comparisons to similar cities nationwide.

View full Milwaukee Rent Report
Rent Report
Milwaukee

November 2017 Milwaukee Rent Report

Welcome to the November 2017 Milwaukee Rent Report. Milwaukee rents declined over the past month. In this report, we'll evaluate trends in the Milwaukee rental market, including comparisons to similar cities nationwide.

Milwaukee rents declined significantly over the past month

Milwaukee rents have declined 0.4% over the past month, and have decreased slightly by 0.2% in comparison to the same time last year. Currently, median rents in Milwaukee stand at $710 for a one-bedroom apartment and $880 for a two-bedroom. Milwaukee's year-over-year rent growth lags the state average of 1.3%, as well as the national average of 2.7%.

Milwaukee rents more affordable than many comparable cities nationwide

As rents have fallen slightly in Milwaukee, many similar cities nationwide have seen prices increase, in some cases substantially. Milwaukee is also more affordable than most other large cities across the country.

  • Milwaukee's median two-bedroom rent of $880 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 0.2% decline in Milwaukee.
  • While rents in Milwaukee fell slightly over the past year, many cities nationwide saw increases, including Seattle (+4.2%), Phoenix (+4.1%), and Dallas (+2.6%).
  • Renters will find more reasonable prices in Milwaukee than most comparable cities. For example, San Francisco has a median 2BR rent of $3,070, which is nearly three-and-a-half times the price in Milwaukee.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.