See all rent data for Milwaukee, WI →
Typical Rent in 53223 — Milwaukee, WI
The typical 1-bedroom rent in 53223 (Milwaukee, WI) is $1,205/month as of 2026, based on 4 data sources. Rents have risen 0.4% year over year, so an increase above 0.4% exceeds the local market trend. Studio: $1,040. 2-bedroom: $1,360.
Rents in Milwaukee have grown approximately +0.4% over the past year based on local market data. A rent increase above 0.4% is above the local market trend.
Estimated Rent · 1-Bedroom
$1,205/mo
Source: HUD Estimated Rent
Data through
Based on 4 independent data sources including local market trends and nearby listings.
The HUD Fair Market Rent for a 1-bedroom in 53223 (Milwaukee, WI) is $1,140 for FY2026.
Rents in 53223 have increased 0.4% year-over-year based on local market data.
The confidence level for this estimate is high based on 4 data sources.
Based on local market data, a fair rent increase in Milwaukee (53223) is approximately 0.4% for 2026. The typical 1-bedroom rent is $1,205/month. Any increase significantly above 0.4% exceeds the local market trend and may be worth negotiating.
Sources: local market data, HUD SAFMR FY2026, Rentcast. Updated February 2026.
What Should Rent Cost in 53223 (Milwaukee)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 53223 (Milwaukee) typically rents for $1,040 – $1,123.
Rents above $1,291 are in the top 25% for this area.
A 1-bedroom in 53223 (Milwaukee) typically rents for $1,140 – $1,231.
Rents above $1,416 are in the top 25% for this area.
A 2-bedroom in 53223 (Milwaukee) typically rents for $1,360 – $1,469.
Rents above $1,689 are in the top 25% for this area.
A 3-bedroom in 53223 (Milwaukee) typically rents for $1,670 – $1,804.
Rents above $2,075 are in the top 25% for this area.
A 4-bedroom in 53223 (Milwaukee) typically rents for $1,810 – $1,955.
Rents above $2,248 are in the top 25% for this area.
Current Asking Rents in 53223
Average Asking Rent
$1,294/mo
Typical Asking Rent
$1,350/mo
Range
$795 – $2,400
Active Listings
45
These are current asking rents from active listings in 53223. Compare to the HUD fair market rent above to see how the market compares to federal benchmarks.
Source: Live market data (cached)
Rent Increase Laws in Wisconsin →
▶Full market data
Rent Trends in Milwaukee, WI
+0.4%
Rents in 53223 (Milwaukee) are holding steady at +0.4% year-over-year.
− Estimated trend
Market sources range from +0.3% to +0.9%
Local vacancy rate: 5.9%
Sources: Apartment List, HUD Fair Market Rent
Federal Rent Benchmarks for 53223
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Milwaukee-Waukesha, WI MSA area, not zip-specific rates.
| Bedroom Size | Fair Market Rent | Estimated Rent |
|---|---|---|
| Studio | $1,040 | $1,105 |
| 1-Bedroom | $1,140 | $1,205 |
| 2-Bedroom | $1,360 | $1,440 |
| 3-Bedroom | $1,670 | $1,773 |
| 4-Bedroom | $1,810 | $1,920 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 53223
What is the average 1-bedroom rent in 53223?
The typical 1-bedroom rent in 53223 (Milwaukee, WI) is $1,205/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $1,040 and 2-bedroom rent at $1,360.
What is a fair rent increase in 53223?
A rent increase up to about 0.4% is in line with the recent local market trend in 53223. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 53223?
Rents in 53223 have risen 0.4% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 53223?
On this page, studio rent in 53223 is $1,040/month and 2-bedroom rent is $1,360/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
Renting in Milwaukee, WI? Your rent could be building your credit.
Report your monthly rent payments to all 3 credit bureaus — the same ones your next landlord will check. Takes 2 minutes to set up.
RenewalReply may earn a commission at no cost to you. Learn more
Renters insurance from $5/mo
Protect your belongings from theft, fire, and water damage. Takes 2 minutes and most landlords require it.
RenewalReply may earn a commission at no cost to you. Learn more
Renter Tools
Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 53223 ($1,140/mo) — useful for comparing what your rent gets you in other markets.
Other Zip Codes in Milwaukee, WI
Nearby Areas
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →