With its famous high walkability score and great residential properties, it’s easy to see why Northpoint has become a popular neighborhood for Milwaukee residents. You can’t beat the amazing lake views, impressive bluffs, picturesque beaches, and abundant parklands. In many ways, the water is part of the neighborhood, serving as the base for some of its most famous monuments, including the Northpoint Water Tower and Lighthouse. Though there are many beautiful homes here, some of the fantastic restaurants and bars in the area have made Northpoint a popular neighborhood for both visiting and living.
If you're not sure how much an apartment will cost, the table below shows the average price by size.
Welcome to the April 2020 Milwaukee Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the April 2020 key findings and figures for the Milwaukee rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Milwaukee and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Milwaukee rent prices in the chart below.
Milwaukee rent prices decreased over the last month. From March to April, the city experienced a -2.32% decrease for the price of a one-bedroom apartment. The rent price for a Milwaukee one-bedroom apartments currently stands at $1,305.0.
When we take a look at the two-bedroom comparison from March to April, Milwaukee experienced a -2.0% decrease for the price of a two-bedroom apartment. The rent price for a Milwaukee two-bedroom apartments currently stands at $1,374.0.
Rent prices have decreased in Milwaukee over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 3 of the Milwaukee suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Brookfield, WI, West Allis, WI, Oak Creek, WI .
Rent decreased in Waukesha, WI, Wauwatosa, WI, Menomonee Falls, WI, Mequon, WI.
3 suburbs are currently priced higher than the city of Milwaukee.
4 suburbs are currently priced lower than the city of Milwaukee.
Rent growth in Milwaukee over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Milwaukee rent prices appear to be relatively affordable for local residents.
The price for a Milwaukee one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
You can view the full rundown of ABODO's April 2020 National Apartment Report and data set here.
For more information about Milwaukee and surrounding area rent prices, take a look at the complete data set below.
|1 BR April||1 BR M/M % Change||2 BR April||2 BR M/M % Change|
|West Allis, WI||$1,150.0||1.41%||$1,552.0||0.85%|
|Oak Creek, WI||$1,095.0||4.99%||$1,420.0||4.34%|
|Menomonee Falls, WI||$1,285.0||-0.08%||$1,533.0||-0.07%|
Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.