ZIP Code · WI

ZIP 53233

Part of Milwaukee, WI

Pop. 14,497·Milwaukee County·92nd most expensive ZIP in Wisconsin

Median rent (all units)

$1,106/mo

Year-over-Year

+6.7%

Month-over-Month

Stable

vs US Median

-$826

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 53233 · $1,106

More affordable than 95% 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

$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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 53233 is 0.9% below its high of $1,116 in July 2026, at $1,106 as of September 2026.

Past year vs. the rest of Wisconsin

Rent in ZIP 53233 changed +6.7% over the year to September 2026. Across the 71 Wisconsin ZIP codes Zillow tracks, the typical change was +5.6%.

Recent direction

Rent rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($23,750) is $594 a month. That is less than HUD's Fair Market Rent for a studio ($880).

Rank in Milwaukee

3rd cheapest of 19 ZIP codes in Milwaukee.

Cheaper nearby

ZIP 53206, 3 miles away, rents for 10% less ($994/mo), about $1,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 53233. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$13,272/yr

At $1,106/mo median

Location

CityMilwaukee

StateWI

CountyMilwaukee County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.7% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.7% YoY, +0.1% 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

Discussions about ZIP 53233

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Local insights

Tips for renters in ZIP 53233

About renting in ZIP 53233

Last updated: October 17, 2026

ZIP code 53233 covers Milwaukee, WI. The median rent here is $1,106/mo as of October 2026. A 1-bedroom rents for a median of $960/mo. A 2-bedroom rents for a median of $1,150/mo.

At 56% of local median household income ($23,750/yr), ZIP 53233 ranks as expensive compared to the national benchmark of 30%. Rents have increased 6.7% over the past year.

FAQ

Frequently asked questions

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 $44,000/year (about $21/hour full-time) to afford the median rent of $1,106/mo in ZIP 53233. The local median household income is $23,750/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 53233?

Rent in ZIP 53233 has risen 6.7% over the past year as of September 2026. It sits 0.9% below its high of $1,116 in July 2026.

How does ZIP 53233 compare to other ZIPs in Wisconsin?

ZIP 53233 is one of the more affordable among Wisconsin ZIP codes for rent, ranking #92 of 103 at $1,106/mo. Over the year to September 2026, rent in ZIP 53233 changed +6.7%, against a typical +5.6% across the 71 Wisconsin ZIP codes Zillow tracks.