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ZIP Code · WI

ZIP 53233

Pop. 14,497·Milwaukee County·67th most expensive ZIP in Wisconsin
Median rent (all units)
$1,264/mo
Year-over-Year
+60.4%
Month-over-Month
-1.6%
vs US Median
-$701
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 53233 · $1,264
More affordable than 89% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$880
1 BR
$960
2 BR
$1,150
3 BR
$1,420
4 BR+
$1,540
Research median
$1,150/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
$15,168/yr
At $1,264/mo median
Location
StateWI
CountyMilwaukee County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 60.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+60.4% YoY, -1.6% MoM), not inventory.
Demographics

Who lives here

ZIP 53233 (Milwaukee, WI) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 18.7% of residents hold a bachelor's degree or higher.

Population
14,497
Median income
$23,750
Median age
22.3
Renters
97.1%
Age distribution
71.3%
12.8%
Under 187.8%
18–3471.3%
35–5412.8%
55–644.6%
65+3.5%
Gender
52.6%
47.4%
Male52.6%
Female47.4%
Race & ethnicity
46.7%
33.1%
White46.7%
Black33.1%
Hispanic11.2%
Asian6.6%
Other2.4%
Education (25+)
21.5%
34.4%
25.3%
18.7%
No HS diploma21.5%
HS diploma34.4%
Some college25.3%
Bachelor's+18.7%
Housing tenure
97.1%
Owner2.9%
Renter97.1%

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

2021 vs 2026

How ZIP 53233 in Milwaukee, WI has changed in 5 years

Income
$16,833 → $23,750
up 41.1%
Population
14,627 → 14,497
down 0.9%
Renter share
97% → 97.1%
+0.1 pts
Bachelor's+
20.7% → 18.7%
-2.0 pts

Household income in the area moved from $16,833 to $23,750 across the same window, up 41.1% versus 2021. College-educated residents now make up 18.7% of adults here, versus 20.7% in 2021.

Community

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Local insights

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About renting in ZIP 53233

Last updated: July 20, 2026

ZIP code 53233 covers Milwaukee, WI. The median rent here is $1,264/mo as of July 2026. A 1-bedroom rents for a median of $960/mo. A 2-bedroom rents for a median of $1,150/mo.

At 64% of local median household income ($23,750/yr), ZIP 53233 ranks as expensive compared to the national benchmark of 30%. Rents have increased 60.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 53233?

As of July 20, 2026, the median monthly rent in ZIP 53233 (Milwaukee, WI) is $1,264. This is based on aggregated data from public sources and community submissions.

How does ZIP 53233 rent compare to the US average?

ZIP 53233's median rent of $1,264/mo is $701 (36%) below the US national median of $1,965/mo.

How does ZIP 53233 compare to other ZIPs in Wisconsin?

ZIP 53233 falls in the middle range for Wisconsin, ranking #67 out of 107 ZIPs at $1,264/mo.

How much income do you need to rent in ZIP 53233?

To keep rent at or below 30% of gross income, you would need to earn at least $51,000/year (~$25/hour full-time) to afford the median rent of $1,264/mo in ZIP 53233. The local median household income is $23,750/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 53233?

Rent in ZIP 53233 has increased 60.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 53233 an affordable place to rent?

ZIP 53233 is considered expensive for renters. At $1,264/mo, rent takes approximately 64% of the local median household income ($23,750/yr). The standard benchmark is 30%. ZIP 53233 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 53233 residents rent vs. own?

According to Census data, approximately 97.1% of ZIP 53233 households are renters, while 2.9% are owner-occupied. With a majority renter population, ZIP 53233 has a strong rental market.

How does ZIP 53233 compare to the rest of Milwaukee?

ZIP 53233 is more affordable than Milwaukee overall. At $1,264/mo, it's $205 below the Milwaukee citywide median of $1,469/mo.

When was rent data for ZIP 53233 last updated?

Rent data for ZIP 53233 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
64%
EXPENSIVE

At $1,264/mo, rent takes ~64% of ZIP 53233's median household income ($23,750/yr). The standard benchmark is 30%.

ZIP 53233 64%Benchmark 30%
State income tax3.5–7.65%
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Schools nearby

Public schools near ZIP 53233 (Milwaukee, WI)

Recent submissions

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