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Milwaukee WI Apartment Market Read
Covers Milwaukee and Waukesha.
Current market read
Landlord’s market
ConditionTight
The yearly data reads a landlord's market, and the monthly figures, asking rents and jobs are heating up further.
From public data. The situation now, not a forecast.
Renter Google searchabout 8,100 searches in August 2026 · HousesSee read → What renters Google mostHousesSee all →
Renter Google Search InterestGoogle · monthly
About 8,100 searches in August 2026, for Milwaukee on its own
November is usually one of the quietest months for renter searches here.
Attention, not a verdict. Google searches for apartments to rent.
METROSGNL PRO
We watch Milwaukee for you.
The day asking rent growth (now +5.0%) or job growth (now +0.2%) moves half a point, you get an email. Plus two years of history and the report.
Track Milwaukee, $39/monthCancel anytime. Every market read stays free.
Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Heating
Asking rents are climbing (September 2026).
Job growthBLS · SEPTEMBER 2026, PRELIMINARY
+0.2%
▲ Hiring, past 12 months
Job growth · 12 months
Oct 2025 to Sep 2026, with Pro
VacancyCENSUS · 2024
Share of rentals sitting empty. A yearly count, last taken 2024, not what sets the condition.
Asking rentZILLOW · MONTHLY
$1,476 a month
September 2026, ▲ up 5.0% on September 2025
Data Provided by Zillow Group
Asking rent · 24 months
Oct 2024 to Sep 2026, with Pro
Census 2024: +4.9% · US avg +4.6%
Median rentCENSUS · 2024
$1,177/mo
Typical rent. A yearly count, last taken 2024
Median rent · 8 yearly counts
2017 to 2025, no 2020, with Pro
In the news · MilwaukeeNEWS · DAILY
Latest local coverage, 1 week ago. softer neutral firmer
Milwaukee developer eyes 53 apartments near downtown Waukesha in former school officesPrivately funded initiative aims to simplify backyard home construction in MilwaukeeDeveloper wraps up conversion of Wauwatosa hotel into 146 apartmentsView all 8 Milwaukee news →Demand vs supplyCENSUS + BLS
Weak demand
DEMAND
Jobs+0.2%
Migration 2025−1.4/1k
SUPPLY
Permits 2025-44%
Vacancy 20245.6%
Rent vs buyWEEKLY RATE · 2024 RENT
+$1,450/mo
Cheaper to rent than buying
rent $1,177 · own $2,627
$1,177RENT
$2,627OWN
Domestic migrationCENSUS · 2025
−1.4/1k
▼ More people left for other US places than moved in. A yearly count, last taken 2025.
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.