Condo for rent

Pet friendly

5+ Days Ago

205 N Water St #505
205 N Water St #505, Milwaukee, WI 53202, USA

Monthly rent	$1,895
Beds	1
Baths	1
Sqft	1,000

Monthly rent	$1,895
Beds	1
Baths	1
Sqft	1,000

5+ Days Ago

Highlights

Pet Friendly

Dishwasher
Hardwood floors
Central heat
Washer dryer
Pet friendly
Central air

Location

205 N Water St #505, Milwaukee, WI 53202, USA|Historic Third Ward

Tour 205 N Water St #505

Contact

Paul K

(619) 416-7113

Amenities for 205 N Water St #505, Historic Third Ward

Apartment Amenities

Air Conditioning	Central Heat
Hardwood Floor	Utilities Included

Appliances

Dishwasher

In-Unit Laundry

Building

Cats OK

Dogs OK

Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Dog policy

Allowed

Cat policy

Allowed

Cats and small dogs allowed. Contact for more information on pet policy.

Building details

Property details

Lease terms	12+ months

About 205 N Water St #505

Home

Apartments in Milwaukee

Historic Third Ward

205 N Water St #505, Milwaukee, WI 53202, USA

Amazing river front converted industrial style loft with 1 bedroom, 1 bathroom condo in the heart of the Third Ward in Milwaukee. Amenities included: central air, central heat, dishwasher, hardwood floors, and washer dryer. Utilities included: cable, internet and water. Is pet friendly. Date Available: Sep 1st 2025. $1,895/month rent. Please submit the form on this page or contact Paul Kapenga at 619-416-7113 to learn more.

Property highlights

How 205 N Water St, Milwaukee, WI 53202, USA compares to other nearby properties.

Positives

Images Available: There are at least 10 photos of this address

Considerations

No laundry facilities available: This property doesn't offer on-site or in-unit washers and dryers

Address details

Neighborhood	Historic Third Ward
Zip code	53202
Type	Condo for rent

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Rent trends in Historic Third Ward

1-bedroom apartments at 205 N Water St #505 cost about 6% more than the average rent price for 1-bedroom apartments in Milwaukee.

Median rents as of Aug 30 2025.

Historic Third Ward

Milwaukee

A table of 1-bedroom apartment rental data trends in Milwaukee
Month	Median Rent
September 2023	$1,190
October 2023	$1,066
November 2023	$1,018
December 2023	$1,121
January 2024	$1,122
February 2024	$997
March 2024	$1,041
April 2024	$1,012
May 2024	$1,009
June 2024	$1,014
July 2024	$1,023
August 2024	$1,040
September 2024	$1,045
October 2024	$1,035
November 2024	$1,049
December 2024	$1,002
January 2025	$998
February 2025	$998
March 2025	$1,000
April 2025	$1,057
May 2025	$1,081
June 2025	$1,097
July 2025	$1,119
August 2025	$1,143

A table of 1-bedroom apartment rental data trends in Historic Third Ward
Month	Median Rent
September 2023	$1,558
October 2023	$1,498
November 2023	$1,497
December 2023	$1,559
January 2024	$1,652
February 2024	$1,695
March 2024	$1,790
April 2024	$1,709
May 2024	$1,633
June 2024	$1,730
July 2024	$1,750
August 2024	$1,611
September 2024	$1,621
October 2024	$1,609
November 2024	$1,543
December 2024	$1,587
January 2025	$1,721
February 2025	$1,747
March 2025	$1,750
April 2025	$1,743
May 2025	$1,847
June 2025	$1,822
July 2025	$1,757
August 2025	$1,773

Affordability calculator

Can I afford to live at 205 N Water St #505?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.

The general rule of thumb is to spend around 30% or less of your income on rent.

Recommended income

$75,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $75,800 annually to afford this 1-bedroom monthly rent price of $1,895.

For more information on rent affordability, visit our rent calculator.

Check availability

Rent history

Check out the past listing prices for monthly rent at 205 N Water St, Milwaukee, WI.
			Bath
1 year ago	$2,495	1 bed	1 bath
1 year ago	$2,495	1 bed	1 bath
1 year ago	$2,495	1 bed	1 bath
4 years ago	$2,495	1 bed	1 bath
4 years ago	$2,495	1 bed	1 bath
4 years ago	$2,695	1 bed	1 bath
8 years ago	$2,185	1 bed	1 bath
8 years ago	$2,185	1 bed	1 bath
8 years ago	$2,185	1 bed	1 bath
8 years ago	$2,195	1 bed	1 bath

Schools near 205 N Water St #505

Internet available near 205 N Water St #505

Getting around Milwaukee near 205 N Water St #505

Walking

8/10

Grab your reusable bags–many shops and stores are within walking distance.

Driving

8/10

Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

6/10

Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

7/10

Popular public transit options are just a short walk from this location.

Points of interest for 205 N Water St #505, Milwaukee

Groceries

9/10

At least one supermarket within a 10-minute walk

Shopping

8/10

Wide variety of shops within a few minutes' walk

Cafes

6/10

Several cafés within a few minutes’ walk

Restaurants

8/10

Wide variety of restaurants within a few minutes’ walk

Primary schools

5/10

At least one elementary school within a 20-minute walk

High schools

6/10

At least one high school within a 15-minute walk

Parks

7/10

Large amount of park space nearby

Nightlife

9/10

Exceptional variety of bars right within a few minutes’ walk

Other units at this address

205 N Water St, Milwaukee, WI

205 N Water St Milwaukee, WI

Occupied

100

1 Bed

1 Bath

1,129 sqft

$2,185

Air Conditioning • Assigned Parking • Hardwood Floor • High Ceilings • Dishwasher • Ceiling Fan

Occupied

1 Bed, 1 Bath

1 Bed

1 Bath

1,256 sqft

$2,495

Listed by STUNNING

Days on market: 572

Nestled in the heart of the Third Ward, this historic condominium sits gracefully along the scenic Milwaukee River. With its remarkable features, including 13' beamed ceilings, one huge bedroom, one large bathroom, and charming exposed cream city brick, this condo is beautiful. Off the living space is a large patio that opens onto the Riverwalk with views of the Milwaukee River. Equipped with all essential appliances, new dishwasher, stove, refrigerator, built in microwave and a convenient in-unit new washer/dryer, this residence offers modern comfort seamlessly integrated into its historic charm. Your convenience is further enhanced by an included underground parking space with an EV charger. (some height restrictions in garage - cannot exceed medium size vehicle) and a storage room on same floor as unit 6ft x 4ft x 4ft for your extra belongings. Comes fully furnished including the television in the main family room, or can be removed if desired. The front entrance to the building is locked and secure. Sorry no pets are allowed here and no smoking in the unit! "From rooftop bars and restaurants, to galleries and spas and shows and shops, the city’s top arts and entertainment destination has all that — and more. Choose the Milwaukee experience that suits you best." https www historicthirdward org / To learn more about this vibrant area! FOR A SHOWING: go to www mke-pm com and fill out the CONTACT US section - we will schedule you to first available showing. APPLY NOW! www mke-pm com 414-688-6772 Each resident over the age of 18 must submit a SEPARATE rental application. Application, credit, background and eviction check done on all persons over 18. ALL adult applicants are required to provide Proof of Income, Photo Identification, Proof of SS Number, and copy of Current WE Energy Bill (showing under $300) $25 Non-Refundable Application Fee. CASH NOT ACCEPTED. **NO PRIOR EVICTION ACCEPTED last 7 years - If over 7 Years - Must be paid in full 600+ Credit 3 Current and Consecutive Years Good Rental History 3 Consecutive Years Employment History Criminal Background check Income must be 2.5x Rent Amount First Time Renters will require a qualified Co-Signer FOR A SHOWING: go to www mke-pm com to fill out a contact card - we will schedule you to first available showing. APPLY NOW! www mke-pm com 414-688-6772