Average Rent in Milwaukee-Waukesha, WI
The Fair Market Rent for a 2-bedroom in Milwaukee-Waukesha, WI is $1,338 per month, based on HUD data. With a median household income of $76,404, a household would spend 21% of income on housing at Fair Market Rent. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,027 |
| 1 Bedroom | $1,119 |
| 2 Bedroom | $1,338 |
| 3 Bedroom | $1,648 |
| 4 Bedroom | $1,784 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $76,404 |
| Rent Burden (2BR FMR / Income) | 21% |
| Income Needed for 2BR (30% rule) | $53,520/yr |