Updated 5+ Days Ago
Highlights
Pet Friendly
Location
5435 N 40th St #LOWER, Milwaukee, WI 53209, USA|Old North Milwaukee
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Property Overview
A strong value per square foot places this lower-level Milwaukee home above many nearby properties, while outdoor spaces and tile, vinyl, or hardwood floors add everyday appeal. Its features also make it a good fit for those who appreciate pet-friendly living and low-maintenance finishes.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Laundry available on site
- Package service
Great for
Pet owners
Amenities for 5435 N 40th St, Old North Milwaukee
Features
| Ceiling Fan | Central Heat |
| Forced Air | Garage Detached |
| Hardwood Floor |
Appliances
| Range/Oven | Refrigerator |
Community
| Cats OK | Dogs OK |
| Laundry Hookups | Onsite Laundry |
Grounds
| Garage Parking | Outdoor Space |
Services
| Concierge Service | On-Site Management |
| Package Service |
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
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 5435 N 40th St
Welcome to this clean and comfortable Lower unit with two spacious bedrooms and a modern bathroom. Hardwood floors run throughout the main living areas, with stylish tile in the bathroom. Enjoy abundant natural light and a comfortable layout, ideal for relaxing or entertaining. Rooms & Interior * Hardwood floors * Living room * Shared basement Kitchen & Bath * Gas stove/oven * Laminate kitchen counters * Refrigerator Utilities & Extras * Central heat * Gas furnace * Laundry hookups in basement Building & Surroundings * Yard Amenities & Services * Professionally Managed LEASE TERMS * Term: 12 month lease required. * Pets Welcome with $250 deposit + $35/mo *Management: Safe House Property Management *Parking Type: Garage Detached *Cooling System: None *Heating System: Forced Air *Laundry: Hookups *All Safe House Property Management residents are enrolled in the Resident Benefits Package (RBP) for $65/month (additional to rent) which includes liability insurance, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, on-demand pest control, and much more! More details upon application.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 5435 N 40th St compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 50 sqft larger than other listings nearby
- Laundry available on site
- Washers and dryers are available in-building or in-unit
- Package service
- More secure storage for delivery
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
Address details
| Neighborhood | Old North Milwaukee |
|---|---|
| Zip code | 53209 |
| Type | Condo for rent |
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Rent trends in Old North Milwaukee
2-bedroom apartments at 5435 N 40th St cost about 15% more than the average rent price for 2-bedroom apartments in Milwaukee.
Median rents as of Jul 18 2026.
Old North Milwaukee
Milwaukee
| Month | Median Rent |
|---|---|
| August 2024 | $1,179 |
| September 2024 | $1,195 |
| October 2024 | $1,178 |
| November 2024 | $1,189 |
| December 2024 | $1,152 |
| January 2025 | $1,158 |
| February 2025 | $1,192 |
| March 2025 | $1,213 |
| April 2025 | $1,249 |
| May 2025 | $1,249 |
| June 2025 | $1,261 |
| July 2025 | $1,236 |
| August 2025 | $1,237 |
| September 2025 | $1,250 |
| October 2025 | $1,236 |
| November 2025 | $1,244 |
| December 2025 | $1,202 |
| January 2026 | $1,206 |
| February 2026 | $1,207 |
| March 2026 | $1,291 |
| April 2026 | $1,299 |
| May 2026 | $1,304 |
| June 2026 | $1,330 |
| July 2026 | $1,296 |
| Month | Median Rent |
|---|---|
| August 2024 | $903 |
| September 2024 | $899 |
| October 2024 | $899 |
| November 2024 | $929 |
| December 2024 | $912 |
| January 2025 | $887 |
| February 2025 | $890 |
| March 2025 | $919 |
| April 2025 | $900 |
| May 2025 | $935 |
| June 2025 | $909 |
| July 2025 | $917 |
| August 2025 | $930 |
| September 2025 | $996 |
| October 2025 | $970 |
| November 2025 | $970 |
| December 2025 | $969 |
| January 2026 | $996 |
| February 2026 | $999 |
| March 2026 | $1,062 |
| April 2026 | $1,014 |
| May 2026 | $986 |
| June 2026 | $997 |
| July 2026 | $1,000 |
Affordability calculator
Can I afford to live at 5435 N 40th St #LOWER?
Bedrooms
2 bedroomsRent-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
$46,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $46,000 annually to afford this 2-bedrooms monthly rent price of $1,150.
For more information on rent affordability, visit our rent calculator.
Schools near 5435 N 40th St
Acelero Learning - Teutonia Center
5719 north teutonia ave
milwaukee, WI, 53209
PKPublic
Thurston Woods Elementary School
5966 n 35th st
milwaukee, WI, 53209
PK, K-8Public
C-
Acelero Learning - Green Tree Center
3744 west greentree rd
milwaukee, WI, 53209
PKPublic
Acelero Learning - Walton Center
7833 west capitol dr
milwaukee, WI, 53222
PKPublic
Acelero Learning - Eternal Learning Center
7901 north 66th st
milwaukee, WI, 53223
PKPublic
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Internet available near 5435 N 40th St
Neighborhood
Old North Milwaukee | Milwaukee, WI
Getting around Milwaukee near 5435 N 40th St #LOWER
Walking
5/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
Frequent public transit options are within walking distance.
Points of interest for 5435 N 40th St #LOWER, Milwaukee
Groceries
6/10
At least one supermarket within a 20-minute walk
Shopping
4/10
Several shops within walking distance
Cafes
4/10
Some cafés within a few minutes’ walk
Restaurants
4/10
Some restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
3/10
Some bars within walking distance
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