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ZIP Code · WI

ZIP 53207

Pop. 34,313·Milwaukee County·34th most expensive ZIP in Wisconsin
Median rent (all units)
$1,609/mo
Year-over-Year
+3.7%
Month-over-Month
+1.8%
vs US Median
-$356
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 53207 · $1,609
More affordable than 66% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$19,308/yr
At $1,609/mo median
Location
StateWI
CountyMilwaukee County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 3.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+3.7% YoY, +1.8% 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
$1,213 → $1,609
up 32.6%
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 $1,213 in 2021 and currently runs about $1,609, reflecting a 32.6% 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.

Community

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Local insights

Tips for renters in ZIP 53207

About renting in ZIP 53207

Last updated: July 20, 2026

ZIP code 53207 covers Milwaukee, WI. The median rent here is $1,609/mo as of July 2026. A 1-bedroom rents for a median of $1,140/mo. A 2-bedroom rents for a median of $1,360/mo.

At 24% of local median household income ($79,117/yr), ZIP 53207 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 53207?

As of July 20, 2026, the median monthly rent in ZIP 53207 (Milwaukee, WI) is $1,609. This is based on aggregated data from public sources and community submissions.

How does ZIP 53207 rent compare to the US average?

ZIP 53207's median rent of $1,609/mo is $356 (18%) below the US national median of $1,965/mo.

How does ZIP 53207 compare to other ZIPs in Wisconsin?

ZIP 53207 is one of the pricier ZIP codes in Wisconsin, ranking #34 out of 107 ZIPs tracked at $1,609/mo.

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 $64,000/year (~$31/hour full-time) to afford the median rent of $1,609/mo in ZIP 53207. The local median household income is $79,117/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 53207?

Rent in ZIP 53207 has increased 3.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 53207 an affordable place to rent?

ZIP 53207 is considered very affordable for renters. At $1,609/mo, rent takes approximately 24% of the local median household income ($79,117/yr). The standard benchmark is 30%. ZIP 53207 falls comfortably within that range.

What percentage of ZIP 53207 residents rent vs. own?

According to Census data, approximately 39% of ZIP 53207 households are renters, while 61% are owner-occupied. ZIP 53207 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 53207 compare to the rest of Milwaukee?

ZIP 53207 is pricier than Milwaukee as a whole. At $1,609/mo, it's $140 above the Milwaukee citywide median of $1,469/mo.

When was rent data for ZIP 53207 last updated?

Rent data for ZIP 53207 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $1,609/mo, rent takes ~24% of ZIP 53207's median household income ($79,117/yr). The standard benchmark is 30%.

ZIP 53207 24%Benchmark 30%
State income tax3.5–7.65%
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Schools nearby

Public schools near ZIP 53207 (Milwaukee, WI)

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