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2 Bedroom Apartments in Milwaukee, WI

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2 Bedroom Apartments in Milwaukee, WI

Search and browse 4149 2 bedroom apartments available for rent in Milwaukee, WI. With apartments that span the entire city, you will find an apartment in Milwaukee for just the right price. During your search, sort your favorite 2 bedroom apartments by one of our listed amenities — covered parking, in-unit washer and dryer, a rooftop pool, a modern fitness center, an updated kitchen, energy efficient appliances, smart technology, online leasing, payments, and more. Want to tour a property? Schedule a tour online and you’ll be moving in to your new Milwaukee apartment before you know it.

July Rent Report

Welcome to the July 2021 Milwaukee Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the July 2021 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 average rent prices in the chart below.

Monthly Rent Report

Milwaukee Rent Prices Decrease From June to July

Milwaukee rent prices decreased over the last month. From June to July, the city experienced a -6.6% decrease for the price of a one-bedroom apartment. The rent price for a Milwaukee one-bedroom apartments currently stands at $934.0.

When we take a look at the two-bedroom comparison from June to July, Milwaukee experienced a -3.37% decrease for the price of a two-bedroom apartment. The rent price for a Milwaukee two-bedroom apartments currently stands at $1,347.0.

July Prices: Milwaukee vs. Surrounding Areas

Rent Prices in Milwaukee and Surrounding Areas

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 6 of the Milwaukee suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Wauwatosa, WI, Waukesha, WI, Oak Creek, WI, Menomonee Falls, WI, West Allis, WI, Shorewood, WI .

  • Rent decreased in Brookfield, WI.

  • 6 suburbs are currently priced higher than the city of Milwaukee.

  • 1 suburb is currently priced lower than the city of Milwaukee.

July 2021 Pricing Trends: Milwaukee vs. National Comparisons

Milwaukee Rent Prices More Affordable Than Major Cities

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 average 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 Rentable's July 2021 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.

Data set for Milwaukee and suburbs

1 BR July 1 BR M/M % Change 2 BR July 2 BR M/M % Change
Milwaukee, WI $1,000.0 -10.79% $1,394.0 -3.46%
Brookfield, WI $1,475.0 -1.47% $2,077.0 2.42%
Wauwatosa, WI $1,418.0 0.57% $1,728.0 -1.65%
Waukesha, WI $1,001.0 0.40% $1,213.0 1.08%
Oak Creek, WI $1,240.0 0.81% $1,648.0 0.37%
Menomonee Falls, WI $1,254.0 1.21% $1,530.0 0.00%
West Allis, WI $1,021.0 2.20% $1,239.0 -3.88%
Shorewood, WI $859.0 0.35% $1,237.0 -10.75%


Each month, using over 1 million Rentable 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.