Milwaukee Rental Guide: What You Need to Know About Apartment Costs

Newsletter Matthew Slaaen August 4, 2025

National Trends

Here's how much you need to rent an apartment in Milwaukee.

Want to rent in Milwaukee? A shocking new study reveals you need $24.17/hour for a typical two-bedroom apartment, over THREE TIMES Wisconsin's $7.25 minimum wage! Downtown demands a staggering $30.58/hour, while south and north neighborhoods require $17/hour. Even Wisconsin renters averaging $18.86/hour can't comfortably afford most rentals. The housing affordability crisis hits home hard. Read more

Local Happenings

Join us Saturday, August 16 from 10:00 AM - 4:00 PM for the 6th Annual Ray Ugowski Jr. Memorial Car & Bike Show at American Legion Post 434 (9327 S Shepard Ave, Oak Creek). Whether you're bringing a classic car, custom motorcycle, or just love admiring beautiful vehicles, this community event has something for everyone. Just $10 registration at the event gets you entered, with special dash plaques and goodie bags for the first 100 vehicles. Enjoy live music from Floor It!, silent auction, meat raffle, 50/50 raffle, vendors and more! No early registration required, just show up and support this meaningful memorial event honoring Ray's legacy.

Ray Ugowski Jr. Memorial Car & Bike Show

Local Live | Accepted Offer

7204 S. Countryside Dr.

Franklin

3 BD 2 BA 1,683 SF $399,900

106 West Seeboth St, Unit 609

Menomonee River Valley

1 BD 1 BA 789 SF $374,900

Local Listings | Closed

880 East Elm Rd.

Oak Creek

3 BD 2 BA 1,887 SF $449,900

Closed and celebrated! Stacy’s stunning Oak Creek split-level is officially off the market. With soaring ceilings, a chef-worthy kitchen, and a perfectly placed home office, this gem was packed with style and function. Cheers to new beginnings and big wins, on to the next adventure!

W330S7517 Split Rail Dr.

Mukwonago Town

4 BD 2 BA 2,128 SF $490,000

Congrats to Heidi and Bill on the sale of their stunning 4 bed Cape Cod in Mukwonago. With 2 plus acres, a dreamy kitchen, pool, pergola, and sunset views, this home was a true sanctuary. Wishing them all the best in their next chapter!

2708 South 44th St.

Jackson Park

2 BD 1 BA 1,044 SF $211,000

We're thrilled to celebrate Elroy's successful sale of his Jackson Park ranch! This charming 2-bedroom home with its new roof, spacious living areas, sizeable fenced yard, and unbeatable location near the KK River Parkway, AmFam Field, and downtown Milwaukee was truly a gem. Best wishes on your next chapter!

Local Buyer | Accepted Offer

9303 South 47th St,

Franklin

3 BD 4 BA 3,128 SF $550,000

We're excited to celebrate Mike's accepted offer on this incredible Franklin ranch! This 3-bedroom home boasts over 2,200 square feet, a rare 4-car garage, stunning great room with vaulted ceilings, open-concept kitchen, and amazing outdoor living space with built-in firepit. Recent updates throughout make this truly move-in ready!

3562 North 12th St.

Arlington Heights

3 BD 1 BA 1,029 SF $79,000

Smart buyers recognize golden opportunities and Kellie just got her offer accepted! Her new home comes turnkey with recent exterior upgrades including roof and gutters. Building wealth through real estate has never looked so promising!

2828 North Richards St.

Harambee

4 BD 2 BA 1,927 SF $164,900

Pierce scored big with this duplex opportunity! Each unit showcases premium LVP flooring and elegant granite countertops, while the potential for third bedrooms in both units opens incredible possibilities. Whether Pierce chooses the house hacking route or pure investment strategy, this flexible property promises excellent returns. Congrats on the accepted offer and smart thinking!

4928 Elmwood Rd.

Richfield

4 BD 2 BA 1,860 SF $499,900

What a perfect match! Rick's accepted offer on this charming 4-bedroom farmhouse captures everything dreams are made of, authentic Amish kitchen cabinets, quartzite counters, park-like grounds on 2+ acres, and those incredible outbuildings for all his projects. Sometimes the heart just knows when it's found home!

2771 South 46th St.

Jackson Park

3 BD 1 BA 2,018 SF $259,000

Congratulations to Henry on getting an accepted offer on this adorable Cape Cod style home near Jackson Park! Those gorgeous hardwood floors caught his eye, but it's that expansive second-floor primary with transformation potential that sealed the deal. From the finished basement recreation room to the private, low-maintenance backyard, Henry's about to create some amazing memories!

Local Buyer | Closed

W243N6613 Oxford Dr.

Sussex Estates

3 BD 2 BA 1,460 SF $395,000

The search is over! Elaine & Nick have officially closed on their Hamilton School District dream home! This beautifully maintained gem on a quiet, one-block street offers endless possibilities with its open floor plan, flexible spaces, and that amazing basement perfect for family fun. Time to make those beautiful wood floors echo with laughter!

9132 Dahlia Ln.

Heartland Village

3 BD 2 BA 1,804 SF $499,900

Congratulations to Gordon on closing on his brand-new Mount Pleasant ranch in Heartland Village! This isn't just a house, it's a lifestyle upgrade featuring cathedral ceilings, custom details, that bonus den for endless possibilities, plus a basement ready for future expansion. And to add the cherry on top the Campus Park's splash pad just a stroll away? We know who to call to check that out!

Local Listing

University Park

3401 Colgate Ave.

5 BD 8 BA 6,531 SF $5,499,000

The Local Team is excited to present this month's Local Listing, Property of the Month, courtesy of Giana Cerullo in Dallas, Texas. This stately residence showcases antique New Orleans brick, custom iron doors, and Lincoln windows with cast stone details. Inside, soaring ceilings and solid white oak floors complement dual living areas and a spectacular kitchen featuring a custom stainless-brass hood, 12-foot island, and full prep kitchen, both equipped with Wolf-SubZero appliances. Four sets of 10-foot Cantera doors open to resort-style outdoor living with heated pool, spa, and fireplace.

Five ensuite bedrooms include a luxurious primary suite with dual marble showers. Premium finishes feature Bevolo lanterns, Visual Comfort lighting, and coffered ceilings. The rare three-car garage and elevator-ready design complete this exceptional offering. The residence is also within walking distance to Hyer Elementary and Caruth Park.

The Local Team

Matt: 414.238.5639

Stephanie: 414.852.2574

E: [email protected]

W: https://thelocalteamwi.com/

Office: 646-982-0353

Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.