Apartments in 53202

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$ Ask - 1,085
1609 N Prospect Avenue Milwaukee, WI
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How much does it cost to rent an apartment in 53202?

53202 apartments
Bed Type Average Rent Range
Studio $840 $690 - $2,000
1BR $1,250 $760 - $2,430
2BR $2,470 $1,200 - $4,330
3BR $2,300 $1,470 - $7,490
4+BR $1,920 $1,920 - $1,920
Find an Apartment in 53202
Looking for apartments for rent in 53202, Milwaukee, WI? Rentable has a variety of options available in this area, with a total of 457 units currently on the market. The average rent in 53202 is $1,440, and you can find studio units starting at $661.

The most sought-after neighborhoods in 53202 include the Lower East Side, Upper East Side, and Juneau Town. These neighborhoods offer vibrant communities and convenient access to amenities such as parks, restaurants, and shopping centers.

If you're considering moving to the 53202 area, Rentable's apartments near 53202 can help you find the perfect place to call home. Whether you're looking for a cozy studio or a spacious family home, there are options available to fit your needs and budget.

Start your search with Rentable's listings in 53202, Milwaukee, WI, and discover the ideal apartment for you.

Milwaukee:
August Rent Report

Welcome to the August 2026 Milwaukee Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 2026 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

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1 BR       2 BR

Milwaukee Rent Prices Decrease From July to August

Milwaukee rent prices decreased over the last month. From July to August, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Milwaukee one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from July to August, Milwaukee experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Milwaukee two-bedroom apartments currently stands at $.

August 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 0 of the Milwaukee suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Milwaukee suburbs

  • Rents did not decrease in any of the Milwaukee suburbs.

August 2026 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.

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 August 1 BR M/M % Change 2 BR August 2 BR M/M % Change

Methodology

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.