ZIP Code · WI

ZIP 53208

Pop. 27,201·Milwaukee County·67th most expensive ZIP in Wisconsin
Median rent (all units)
$1,302/mo
Year-over-Year
+6.5%
Month-over-Month
+0.6%
vs US Median
-$630
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 53208 · $1,302
More affordable than 86% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$940
1 BR
$1,020
2 BR
$1,220
3 BR
$1,500
4 BR+
$1,630
Research median
$1,220/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

Compared with the peak

Rent in ZIP 53208 is at its highest level since Zillow's records here began in January 2022.

Past year vs. the rest of Wisconsin

Rent in ZIP 53208 changed +6.5% over the year to September 2026. Across the 71 Wisconsin ZIP codes Zillow tracks, the typical change was +5.6%.

Recent direction

Rent has risen 4 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($52,690) is $1,317 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,220); a 3-bedroom is $1,500.

Rank in Milwaukee

9th cheapest of 19 ZIP codes in Milwaukee.

Cheaper nearby

ZIP 53233, 2 miles away, rents for 15% less ($1,106/mo), about $2,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 53208. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$15,624/yr
At $1,302/mo median
Location
StateWI
CountyMilwaukee County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.5% YoY, +0.6% MoM), not inventory.
Demographics

Who lives here

ZIP 53208 (Milwaukee, WI) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 32.6% of residents hold a bachelor's degree or higher.

Population
27,201
Median income
$52,690
Median age
33
Renters
60.8%
Age distribution
25.5%
27.4%
25.4%
Under 1825.5%
18–3427.4%
35–5425.4%
55–6410.1%
65+11.5%
Gender
47.7%
52.3%
Male47.7%
Female52.3%
Race & ethnicity
35.2%
41%
White35.2%
Black41%
Hispanic11.4%
Asian9.5%
Other2.9%
Education (25+)
27.8%
28%
32.6%
No HS diploma11.6%
HS diploma27.8%
Some college28%
Bachelor's+32.6%
Housing tenure
39.2%
60.8%
Owner39.2%
Renter60.8%

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

2022 vs 2026

How ZIP 53208 in Milwaukee, WI has changed in 5 years

Rent
$952 → $1,302
up 36.8%
Income
$39,698 → $52,690
up 32.7%
Population
28,155 → 27,201
down 3.4%
Renter share
61.7% → 60.8%
-0.9 pts
Bachelor's+
29.1% → 32.6%
+3.5 pts
Median age
31.8 → 33
+1.2 yrs

Since 2022, the typical rent in ZIP 53208 in Milwaukee, WI has increased from $952 to $1,302, a 36.8% change over five years. On the earnings side, the typical household in ZIP 53208 in Milwaukee, WI now reports about $52,690, up from $39,698 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 3.4% since 2021, moving from about 28,155 residents to roughly 27,201. College-educated residents now make up 32.6% of adults here, versus 29.1% in 2021. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 53208 in Milwaukee, WI reflects that arc in its own way.

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About renting in ZIP 53208

Last updated: October 17, 2026

ZIP code 53208 covers Milwaukee, WI. The median rent here is $1,302/mo as of October 2026. A 1-bedroom rents for a median of $1,020/mo. A 2-bedroom rents for a median of $1,220/mo.

At 30% of local median household income ($52,690/yr), ZIP 53208 ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 53208?

To keep rent at or below 30% of gross income, you would need to earn at least $52,000/year (about $25/hour full-time) to afford the median rent of $1,302/mo in ZIP 53208. The local median household income is $52,690/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 53208?

Rent in ZIP 53208 has risen 6.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2022.

How does ZIP 53208 compare to other ZIPs in Wisconsin?

ZIP 53208 is in the middle among Wisconsin ZIP codes for rent, ranking #67 of 103 at $1,302/mo. Over the year to September 2026, rent in ZIP 53208 changed +6.5%, against a typical +5.6% across the 71 Wisconsin ZIP codes Zillow tracks.

How does ZIP 53208 compare to the rest of Milwaukee?

At $1,302/mo, ZIP 53208 is $141 below the Milwaukee citywide median of $1,443/mo. It is the 9th cheapest of 19 ZIP codes in Milwaukee.
Income Affordability
30%
MODERATE

At $1,302/mo, rent takes ~30% of ZIP 53208's median household income ($52,690/yr). The standard benchmark is 30%.

ZIP 53208 30%Benchmark 30%
State income tax3.5–7.65%
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Schools nearby

Public schools near ZIP 53208 (Milwaukee, WI)

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