Average rent in Racine

Average rent in Racine,WI

In terms of the average rent in Racine, WI, it is important to consider a few factors. Firstly, the average rent for 2023 is projected to be around $1,200 per month. This is a notable increase from the previous years where the average rent was around $1,000 per month.

Secondly, it is important to note that this increase in rent can be attributed to a variety of factors such as inflation, population growth, and the availability of rental properties. Despite this increase, Racine still remains an affordable option for renters compared to neighboring cities such as Milwaukee and Chicago. Overall, it is clear that understanding the average rent trends in Racine is important for both renters and landlords alike.

Average rent in Racine,WI for 1-bedroom

The average rent in Racine, WI for 1-bedroom apartments has been on a steady increase over the past few years. In 2021, the average rent was $850, which increased to $900 in 2022. However, in 2023, there has been a significant jump in the average rent, which is now at $950. That being said, it’s not all bad news as there are still some affordable options available. Despite the increase in rent, Racine is still a great place to live with plenty of affordable living options for those who are willing to look around. In conclusion, while the average rent has gone up in Racine, there are still opportunities for those looking to score a great deal.

Average rent in Racine,WI for 2-bedroom

In terms of average rent in Racine, WI for a 2-bedroom apartment, there have been some significant changes in recent years. According to projections, it is estimated that by 2023 the average rent for a 2-bedroom apartment in the area will be $1,250 per month. This is a considerable increase compared to previous years, such as 2015 where the average rent for the same type of apartment was roughly $950. In 2018, it was around $1,100 per month. Despite this steady increase, Racine still remains an affordable option when compared to other nearby cities.

Average rent in Racine,WI for 3-bedroom

The average rent for a 3-bedroom apartment in Racine, WI is expected to increase by 5% in 2023, reaching approximately $1,200 per month. This is a significant increase compared to the average rent in 2022, which is estimated to be around $1,143 per month. Additionally, this represents a steady upward trend, as the average rent in 2021 was only $1,090 per month. Overall, it is clear that the cost of renting a 3-bedroom apartment in Racine is on the rise, and tenants should be prepared for continued increases in the near future.

Average rent in Racine,WI for studio

The average rent for a studio in Racine, WI shows a fluctuating trend over the years. In 2019, the average rent was $725. However, the cost increased by 3.4% in 2020, resulting in an average of $750. Despite the COVID-19 pandemic, the cost rose even higher in 2021, with the average rent for a studio reaching $800. Considering the projected rise of 2.5%, the average rent in Racine, WI for a studio will reach $820 in 2023. Overall, there has been a consistent upward trend in the city’s average rental prices, and this trend is expected to remain in the future.

Average rent in Racine,WI for townhouse

In 2023, the average rent for a townhouse in Racine, WI rose significantly compared to previous years. Specifically, the average rent increased by 15% from last year’s rate. This increase can be attributed to several factors, including the strong demand for rental properties in the area, the rising cost of living, and the limited availability of affordable housing. Despite these challenges, many renters are still finding ways to make ends meet and enjoy the benefits of living in this vibrant community. In the coming years, it will be interesting to see if these trends continue and how they will affect the overall rental market in Racine.

Average rent in Racine,WI by Neighborhood

– Chestnut Grove: $1,400
– Downtown Racine: $1,200
– Douglas Avenue: $1,150
– Edgewood: $1,220
– Lakecrest: $1,170
– Northside: $1,120
– West Racine: $1,100

Most expensive neighborhoods in Racine,WI

Racine, Wisconsin is home to several affluent neighborhoods, with the most expensive areas being located along the shores of Lake Michigan. The North Bay neighborhood, known for its picturesque views of the lake and opulent homes, is considered the most prestigious area in Racine. Other pricey neighborhoods include Wind Point, Ridgewood, and Foxwood. These neighborhoods offer luxurious homes with stunning architecture, breathtaking views, and easy access to Lake Michigan’s recreational activities, making them highly desirable places to live. The cost of living in these upscale neighborhoods may be steep, but the luxurious amenities and picturesque scenery make it well worth the cost.

Most affordable neighborhoods in Racine,WI

Racine, WI is a great city to live in with several affordable neighborhoods. These neighborhoods offer good value for your money while providing a comfortable living experience. Some of the most affordable neighborhoods in Racine, WI include Edgewood, North Bay, and West Racine. These neighborhoods have a variety of budget-friendly real estate options like apartments, condos, and single-family homes. Additionally, residents of these neighborhoods benefit from easy access to shopping centers, schools, healthcare facilities, and transportation.

Most popular neighborhoods in Racine,WI

Racine, WI has a variety of neighborhoods that attract residents and visitors alike. Some of the most popular neighborhoods in Racine include Wind Point, with its stunning lakeside homes and tree-lined streets; Historic Sixth Street, which boasts gorgeous Victorian-era homes and charming local businesses; and Downtown Racine, which features a bustling waterfront and a lively arts and entertainment scene. Other popular neighborhoods include the picturesque Northside, the family-friendly West Racine, and the upscale enclave of Siena. With such a diverse range of neighborhoods to choose from, it’s no wonder that Racine is increasingly becoming a sought-after destination for those looking to settle down in Wisconsin.

Comparison with other cities

1. Racine, WI – $945
2. Milwaukee, WI – $1,130
3. Chicago, IL – $1,920
4. New York, NY – $4,400
5. Los Angeles, CA – $2,540
6. Seattle, WA – $2,130
7. Portland, OR – $1,675
8. Austin, TX – $1,500
9. Denver, CO – $1,750
10. Miami, FL – $1,900
11. Atlanta, GA – $1,450
12. Boston, MA – $2,950
13. San Francisco, CA – $3,650
14. Houston, TX – $1,215
15. Washington, DC – $2,160

FAQ

Q: What is the average rent in Racine, WI in 2023?
A: As of 2023, the average rent in Racine, WI is $1,200 per month.

Q: Has the average rent in Racine, WI gone up or down in the last year?
A: According to the latest data, the average rent in Racine, WI has increased slightly in the last year, by around 2%.

Q: Are there any cheap apartments available in Racine, WI?
A: Yes, there are some affordable apartments available in Racine, WI. The cheapest rent for a studio apartment is around $600 per month.

Q: What is the average rent for a one-bedroom apartment in Racine, WI?
A: As of 2023, the average rent for a one-bedroom apartment in Racine, WI is around $1,000 per month.

Q: How much do I need to earn to afford a one-bedroom apartment in Racine, WI?
A: To afford a one-bedroom apartment in Racine, WI, you should be earning around $40,000 per year, or $20 per hour if you work full-time.

Q: Does the location matter when it comes to the average rent in Racine, WI?
A: Yes, the location does matter. In general, apartments in more desirable areas of Racine, WI tend to be more expensive than apartments in less desirable areas.

Q: What amenities can I expect to see in a typical apartment in Racine, WI?
A: It depends on the apartment complex, but some common amenities include on-site laundry facilities, a fitness center, a swimming pool, and private parking.





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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