Milwaukee's Brady Street neighborhood, located on the city's lower East Side, is an urban oasis with artistic flair. Nestled between the bustling streets of downtown and the scenic shorelines of Lake Michigan, this neighborhood is a local hot spot of activity. Whether you're searching for a great cup of coffee on your way to work or your new favorite restaurant, this neighborhood delivers.
The Brady Street neighborhood is emerging as an up-and-coming location for young professionals, who are attracted to the unique lifestyle in this small pocket of the city. The neighborhood's booming nightlife attracts new residents and businesses to the area, but the charming storefronts and quaint sidewalk patios, makes it a wonderful place for family living.
The neighborhood's proximity to beaches, nature trails and Milwaukee's world-famous festivals keeps the area vibrant and full of life. The residents of the Brady Street neighborhood love the area so much, they throw a block party called Brady St. Festival each summer to celebrate their sense of community and contributions to Milwaukee.
One such contribution is Cempazuchi, an authentic Mexican restaurant located in the heart of the Brady Street neighborhood. With its fun and colorfully animated atmosphere, Cempazuchi has created a reputation for delectable food and artfully crafted margaritas. Its appeal is so widely recognized, that the Travel Channel recently featured this neighborhood gem on its popular program, Diners, Drive-ins and Dives.
This neighborhood also boasts a staggering number of locally owned businesses, including organic markets, yoga studios, and art galleries; all adding a touch of small-town living to this metropolitan area.
Milwaukee's Brady Street neighborhood truly has something for everyone. From the recent college graduate, to the young newlywed couple, to the growing family- this area is a great place to live, work and enjoy life.
If you're not sure how much an apartment will cost, the table below shows the average price by size.
Welcome to the August 2021 Milwaukee Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 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.
Milwaukee rent prices decreased over the last month. From July to August, the city experienced a -3.0% decrease for the price of a one-bedroom apartment. The rent price for a Milwaukee one-bedroom apartments currently stands at $906.0.
When we take a look at the two-bedroom comparison from July to August, Milwaukee experienced a -4.53% decrease for the price of a two-bedroom apartment. The rent price for a Milwaukee two-bedroom apartments currently stands at $1,286.0.
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 4 of the Milwaukee suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Wauwatosa, WI, Waukesha, WI, West Allis, WI, Menomonee Falls, WI .
Rent decreased in Brookfield, WI, Oak Creek, WI, Shorewood, WI.
6 suburbs are currently priced higher than the city of Milwaukee.
1 suburb is 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 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 August 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 August | 1 BR M/M % Change | 2 BR August | 2 BR M/M % Change | |
|---|---|---|---|---|
| Milwaukee, WI | $934.0 | -6.60% | $1,347.0 | -3.37% |
| Brookfield, WI | $1,448.0 | -1.83% | $2,068.0 | -0.43% |
| Wauwatosa, WI | $1,426.0 | 0.56% | $1,740.0 | 0.69% |
| Oak Creek, WI | $1,240.0 | 0.00% | $1,668.0 | 1.21% |
| Waukesha, WI | $1,010.0 | 0.90% | $1,227.0 | 1.15% |
| West Allis, WI | $1,029.0 | 0.78% | $1,243.0 | 0.32% |
| Shorewood, WI | $857.0 | -0.23% | $1,240.0 | 0.24% |
| Menomonee Falls, WI | $1,272.0 | 1.44% | $1,530.0 | 0.00% |
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.