ZIP Code · WI

ZIP 53207

Part of Milwaukee, WI

Pop. 34,313·Milwaukee County·20th most expensive ZIP in Wisconsin

Median rent (all units)

$1,714/mo

Year-over-Year

+7.3%

Month-over-Month

+1.1%

vs US Median

-$218

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 53207 · $1,714

More affordable than 57% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,040

1 BR

$1,140

2 BR

$1,360

3 BR

$1,670

4 BR+

$1,810

Research median

$1,360/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 53207 usually run 1.6% below trend in December and 1.1% above it in August, about $46 a month apart at today's median. Based on 6 years of data.

Compared with the peak

Rent in ZIP 53207 is at its highest level since Zillow's records here began in December 2019.

Past year vs. the rest of Wisconsin

Rent in ZIP 53207 changed +7.3% over the year to September 2026. Across the 71 Wisconsin ZIP codes Zillow tracks, the typical change was +5.6%.

Since before the pandemic

Rent in ZIP 53207 is 47.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 7 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($79,117) is $1,978 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,810).

Rank in Milwaukee

18th cheapest of 19 ZIP codes in Milwaukee.

Cheaper nearby

ZIP 53235, 2 miles away, rents for 15% less ($1,460/mo), about $3,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 53207. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,568/yr

At $1,714/mo median

Location

CityMilwaukee

StateWI

CountyMilwaukee County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 7.3% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+7.3% YoY, +1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 53207 (Milwaukee, WI) is majority owner-occupied, 46.9% of residents hold a bachelor's degree or higher.

Population

34,313

Median income

$79,117

Median age

37.8

Renters

39%

Age distribution

18.3%

26.2%

28.3%

16.1%

Under 1818.3%

18–3426.2%

35–5428.3%

55–6411.1%

65+16.1%

Gender

49.3%

50.7%

Male49.3%

Female50.7%

Race & ethnicity

77.2%

16.4%

White77.2%

Black4%

Hispanic16.4%

Asian1.4%

Other0.9%

Education (25+)

20.3%

26.3%

46.9%

No HS diploma6.5%

HS diploma20.3%

Some college26.3%

Bachelor's+46.9%

Housing tenure

61%

39%

Owner61%

Renter39%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 53207 in Milwaukee, WI has changed in 5 years

Rent

$1,251 → $1,714

up 37.0%

Income

$68,721 → $79,117

up 15.1%

Population

35,120 → 34,313

down 2.3%

Renter share

40.8% → 39%

-1.8 pts

Bachelor's+

42.5% → 46.9%

+4.4 pts

Median age

36.8 → 37.8

+1.0 yrs

The median rent in ZIP 53207 in Milwaukee, WI stood at $1,251 in 2021 and currently runs about $1,714, reflecting a 37.0% increase over the period. Census figures show median household income at $79,117 today, compared with $68,721 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 2.3% since 2021, moving from about 35,120 residents to roughly 34,313. Renters now make up 39% of households, compared with 40.8% five years ago. College-educated residents now make up 46.9% of adults here, versus 42.5% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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About renting in ZIP 53207

Last updated: October 17, 2026

ZIP code 53207 covers Milwaukee, WI. The median rent here is $1,714/mo as of October 2026. A 1-bedroom rents for a median of $1,140/mo. A 2-bedroom rents for a median of $1,360/mo.

At 26% of local median household income ($79,117/yr), ZIP 53207 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 53207?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (about $33/hour full-time) to afford the median rent of $1,714/mo in ZIP 53207. The local median household income is $79,117/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 53207?

Rent in ZIP 53207 has risen 7.3% over the past year as of September 2026. That is the highest level since Zillow's records here began in December 2019.

When is the cheapest time to rent in ZIP 53207?

Asking rents in ZIP 53207 are usually lowest in December, about 1.6% below their yearly trend, and highest in August, about 1.1% above it. At today's median that is a gap of roughly $46 a month. This pattern comes from 6 years of Zillow rent data.

How does ZIP 53207 compare to other ZIPs in Wisconsin?

ZIP 53207 is one of the pricier among Wisconsin ZIP codes for rent, ranking #20 of 103 at $1,714/mo. Over the year to September 2026, rent in ZIP 53207 changed +7.3%, against a typical +5.6% across the 71 Wisconsin ZIP codes Zillow tracks.