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 5% over the last month and have decreased by 2% 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 $1,875, whereas a house costs $3,250. 1-bedroom apartments in Historic Third Ward run $1,800 on average, while 2-bedroom apartments are $2,500.


Studio	$1,390	21%	42%
1 bedroom	$1,675	1%	1%
2 bedroom	$2,450	2%	21%
3 bedroom	$2,995	7%	11%
4 bedroom	$1,800	-	-

		Listings
Avenues West	$950
Brewer's Hill	$1,700
Juneau Town	$1,400
Lower East Side	$1,375
Walker's Point	$1,860
Yankee Hill	$1,045


Apartments	$1,875	8%	No Change
Condos	$2,775	3%	-
Houses	$3,250	No Change	-

Studio

Average rent

$1,390

Last 30 days

21%

Last year

42%

1 bedroom

Average rent

$1,675

Last 30 days

Last year

2 bedroom

Average rent

$2,450

Last 30 days

Last year

21%

3 bedroom

Average rent

$2,995

Last 30 days

Last year

11%

4 bedroom

Average rent

$1,800

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$1,935

lower than the national median

Median rent price$950

51%

lower than the national median

Takeaway

The median rent for all rentals in Historic Third Ward, Milwaukee, WI is 104% higher than the median rent in Avenues West, Milwaukee, WI.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$950

$1,700

$1,400

$1,375

$1,860

$1,045

Discover rentals in Historic Third Ward, Milwaukee, WI

4d 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

24m ago

9.1

Excellent

Mayer MKE

342 N Water St, Milwaukee, WI 53202

1 bed

1 bath

$1,580–$1,980

Apartment for rent

1d ago

8.1

Very good

239 East Chicago Street

239 E Chicago St, Milwaukee, WI 53202

1 bed

1 bath

$1,600–$1,650

Apartment for rent

Jackson Square Apartments - Photo 1 of 1

1d ago

8.3

Very good

Jackson Square Apartments

159 N Jackson St, Milwaukee, WI 53202

1 bed

1 bath

$1,875–$1,895

Apartment for rent

1d ago

8.5

Very good

321 Jefferson

321 N Jefferson St, Milwaukee, WI 53202

1–3 beds

1–2 baths

$1,975–$3,995

Apartment for rent

5d+ ago

8.9

Very good

Riverview Lofts

249 N Water St, Milwaukee, WI 53202

2 beds

1 bath

$2,200

Apartment for rent

1d ago

8.6

Very good

Broadway Market Lofts

325 N Broadway, Milwaukee, WI 53202

2 beds

2 baths

$2,650

Apartment for rent

Stay up to date with rental market insights

National Rent Report

Canadian Rent Report

Annual Rent Report

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

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 $1,935 per month as of June 27, 2026.

Is rent up or down in Historic Third Ward?

Average rent prices in Historic Third Ward have increased by 5% over the last month and have decreased by 2% since last year.

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

Rent in Historic Third Ward is 1% below the national average, which means renters are paying approximately $15 less 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 $77,000/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).