It’s a cliché for a neighborhood to say it feels like a “city within a city,” but in Milwaukee’s case there may be no better example that proves the cliché true than Bay View.
Residents of the area will say they live in Bay View before they say Milwaukee. That isn’t a knock on Milwaukee; it just shows the resident’s enormous pride of the area’s uniqueness. The iconic arches of the Hoan Bridge on I-794 symbolizes that you’re leaving downtown and about to enter Bay View.
So what makes Bay View different? It’s a combination of historical and hipster, urban and open green space, family friendly and singles. It’s an old immigrant neighborhood on Milwaukee’s south side that has seen a revival in the last 10-15 years as an eclectic alchemy of young and old.
“I love the mix of old and new in Bay View,” said a friend who lives in Bay View. “On the same street you can visit a Vietnamese restaurant, old school barber shops and the Brass Rooster, which is new but harkens back to a time when any respectable man wouldn't have dreamed of stepping outdoors without his hat.”
Indeed, Bay View has newer bars, coffee shops and restaurants clustered around Kinnickinnic Avenue that feel like they’ve been part of the fabric of the city forever. These include Café Centraal, Burnhearts, Lulu’s, Honeypie, Anodyne Coffee, Sugar Maple and Palm Tavern.
Bay View also has no shortage of outdoor options. South Shore Park brings people together for the farmers market and walkers, runners and bikers to traverse the Oak Leaf Trail alongside Lake Michigan. The sprawling Humbolt Park is akin to Central Park for Bay View residents, offering outdoor concerts like Chill on the Hill and in the past hosted New Belgium’s Tour de Fat.
If you're not sure how much an apartment will cost, the table below shows the average price by size.
Welcome to the January 2021 Milwaukee Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the January 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 rent prices in the chart below.
Milwaukee rent prices decreased over the last month. From December to January, the city experienced a -1.15% decrease for the price of a one-bedroom apartment. The rent price for a Milwaukee one-bedroom apartments currently stands at $1,287.0.
When we take a look at the two-bedroom comparison from December to January, Milwaukee experienced a 1.26% increase for the price of a two-bedroom apartment. The rent price for a Milwaukee two-bedroom apartments currently stands at $1,441.0.
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 Waukesha, WI, Menomonee Falls, WI, Franklin, WI .
Rent decreased in Brookfield, WI, Wauwatosa, WI, Oak Creek, WI, West Allis, WI.
2 suburbs are currently priced higher than the city of Milwaukee.
5 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 Rentable's January 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.
|1 BR January||1 BR M/M % Change||2 BR January||2 BR M/M % Change|
|Oak Creek, WI||$1,181.0||-2.40%||$1,491.0||-3.06%|
|Menomonee Falls, WI||$1,275.0||0.08%||$1,531.0||0.00%|
|West Allis, WI||$1,080.0||-1.46%||$1,316.0||-9.80%|
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.