Average Rent in Historic Third Ward, Milwaukee, WI and Rent Price Trends

Rent trends in Historic Third Ward, Milwaukee, WI

Average rent prices in Historic Third Ward have increased by 2% over the last month and have increased by 3% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Historic Third Ward, Milwaukee, WI

Rent prices in Historic Third Ward vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Historic Third Ward is $1,895, whereas a house costs $2,037. 1-bedroom apartments in Historic Third Ward run $1,650 on average, while 2-bedroom apartments are $2,785.


Studio	$999	7%	53%
1 bedroom	$1,600	No Change	16%
2 bedroom	$2,290	3%	27%
3 bedroom	$2,700	No Change	32%
4 bedroom	$3,250	-	-

		Listings
Avenues West	$1,050
Brewer's Hill	$1,500
Juneau Town	$1,658
Lower East Side	$1,295
Walker's Point	$1,815
Yankee Hill	$1,125


Apartments	$1,895	3%	No Change
Condos	$4,075	57%	-
Houses	$2,037	No Change	-

Studio

Average rent

$999

Last 30 days

Last year

53%

1 bedroom

Average rent

$1,600

Last 30 days

No Change

Last year

16%

2 bedroom

Average rent

$2,290

Last 30 days

Last year

27%

3 bedroom

Average rent

$2,700

Last year

32%

4 bedroom

Average rent

$3,250

The table above reflects average rent prices in Historic Third Ward, Milwaukee, WI, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Historic Third Ward, Milwaukee, WI compare to other neighborhoods?

Compare median rent prices in Historic Third Ward and Avenues West by all bedroom counts and property types.

Historic Third Ward

Median rent price$1,975

higher than the national median

Median rent price$1,050

45%

lower than the national median

Takeaway

The median rent for all rentals in Historic Third Ward, Milwaukee, WI is 88% higher than the median rent in Avenues West, Milwaukee, WI.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$1,050

$1,500

$1,658

$1,295

$1,815

$1,125

Discover rentals in Historic Third Ward, Milwaukee, WI

5d+ ago

7.4

Very good

227 North Water Street

227 N Water St, Milwaukee, WI 53202

Studio–2 beds

0–2 baths

$1,400–$3,600

Apartment for rent

Highly rated

18h ago

9.1

Excellent

321 Jefferson

321 N Jefferson St, Milwaukee, WI 53202

1–3 beds

1–2 baths

$1,975–$3,690

Apartment for rent

1d ago

9.2

Excellent

Riverview Lofts

249 N Water St, Milwaukee, WI 53202

2 beds

1 bath

$2,150–$2,200

Apartment for rent

1d ago

8.7

Very good

Broadway Market Lofts

325 N Broadway, Milwaukee, WI 53202

2 beds

2 baths

$2,600–$3,000

Apartment for rent

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Frequently asked questions for Historic Third Ward, Milwaukee, WI

Quick answers to common questions about the Historic Third Ward rental market.

How much is rent in Historic Third Ward?

The average rent in Historic Third Ward is $1,975 per month as of August 8, 2026.

Is rent up or down in Historic Third Ward?

Average rent prices in Historic Third Ward have increased by 2% over the last month and have increased by 3% since last year.

How does Historic Third Ward rent compare to the national average?

Rent in Historic Third Ward is 3% above the national average, which means renters are paying approximately $50 more per month.

What salary do I need to afford rent in Historic Third Ward?

To comfortably afford rent in Historic Third Ward, you'd need to earn approximately $79,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).