ZIP Code · WI

ZIP 53223

Part of Milwaukee, WI

Pop. 28,793·Milwaukee County·24th most expensive ZIP in Wisconsin

Median rent (all units)

$1,650/mo

Year-over-Year

Stable

Month-over-Month

+0.6%

vs US Median

-$282

Reported rents

Rising (Monthly)

Be the first to discuss 53223 rents ↓

Most AffordableMost Expensive

ZIP 53223 · $1,650

More affordable than 62% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

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

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($60,839) is $1,521 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,360); a 3-bedroom is $1,670.

Rank in Milwaukee

17th cheapest of 19 ZIP codes in Milwaukee.

Cheaper nearby

ZIP 53224, 2 miles away, rents for 15% less ($1,398/mo), about $3,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 53223. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,800/yr

At $1,650/mo median

Location

CityMilwaukee

StateWI

CountyMilwaukee County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 53223 (Milwaukee, WI) is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 28.6% of residents hold a bachelor's degree or higher.

Population

28,793

Median income

$60,839

Median age

37.4

Renters

46.6%

Age distribution

25.3%

21.7%

22.5%

19.2%

Under 1825.3%

18–3421.7%

35–5422.5%

55–6411.3%

65+19.2%

Gender

47.5%

52.5%

Male47.5%

Female52.5%

Race & ethnicity

30.9%

53.8%

White30.9%

Black53.8%

Hispanic5.5%

Asian7.1%

Other2.7%

Education (25+)

29.2%

31.2%

28.6%

No HS diploma11%

HS diploma29.2%

Some college31.2%

Bachelor's+28.6%

Housing tenure

53.4%

46.6%

Owner53.4%

Renter46.6%

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

2021 vs 2026

How ZIP 53223 in Milwaukee, WI has changed in 5 years

Income

$56,781 → $60,839

up 7.1%

Population

29,397 → 28,793

down 2.1%

Renter share

47.6% → 46.6%

-1.0 pts

Bachelor's+

27.7% → 28.6%

+0.9 pts

Median age

39.9 → 37.4

-2.5 yrs

Census figures show median household income at $60,839 today, compared with $56,781 five years earlier. Census counts show ZIP 53223 in Milwaukee, WI losing about 604 residents over the five-year window, down 2.1% on net.

Community

Discussions about ZIP 53223

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 53223

About renting in ZIP 53223

Last updated: October 17, 2026

ZIP code 53223 covers Milwaukee, WI. The median rent here is $1,650/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 33% of local median household income ($60,839/yr), ZIP 53223 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 53223?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (about $32/hour full-time) to afford the median rent of $1,650/mo in ZIP 53223. The local median household income is $60,839/yr, so the typical household falls short of that bar.