$3,250 Per Month
- 3 Beds
- 1.5 Baths
- 1,541 Sq Ft
- House for Rent
1512 E Olive St, Milwaukee, WI 53211
1512 E Olive St, Milwaukee, WI 53211
Frequently Asked Questions
How much does it cost to rent a single-family home in Milwaukee, WI?
The median rent for a single-family home in Milwaukee, WI is $1,800 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Milwaukee, WI?
To comfortably afford the median rent in Milwaukee, WI, a household needs to earn roughly $57,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,445 per month in Milwaukee, WI, renters typically need to show $4,335 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Milwaukee, WI?
In Milwaukee, WI, the price-to-rent ratio is 15.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Milwaukee, WI are best for renting a single-family home?
The best neighborhood for renting in Milwaukee, WI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a single-family home include Washington Heights, North Division, Lower East Side, Walker's Point and Historic Third Ward, each with its own character and price range.
