Racine, Wisconsin Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Racine, Wisconsin rental market.
Racine, Wisconsin
Average Apartment Rent
$1,205
Y-o-Y Change in Average
Apartment Rent
5.3%
As of May 2026
Compared to a year ago, Racine, Wisconsin apartments have recorded a 5.3% rent increase.
Racine, Wisconsin Average apartment rent trend
Racine, Wisconsin Average Apartment Rent
Racine, Wisconsin Apartment rent ranges
At 59.41%, apartments priced $1,000 - $1,500 represent the bulk of Racine, Wisconsin rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 2.02%.
Racine, Wisconsin Housing tenure**
Renters take up 42% of Racine, Wisconsin real estate, occupying a total of 13,163 units, while homeowners live in 18,119 properties.
Median number of rooms of renter-occupied housing units**
4.7
Renter median household income**
$36,206
Average household size of renter-occupied housing units**
2.39
Rental vacancy rate**
6.2%
Racine, Wisconsin Renter-occupied housing units by no. of bedrooms**
There are 5,455 rentals in Racine, Wisconsin with 2 beds making up the highest share of the market, at 41%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 305 units. Overall, the median number of rooms in Racine, Wisconsin homes for rent is 4.7.
Racine, Wisconsin Renter-occupied units by age of householder**
Most condos for rent in Racine, Wisconsin are occupied by residents in the 25 - 34 years age group (26%), followed by those in the 35 - 44 years age group (22%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Racine, Wisconsin Renter-occupied housing units by family type**
Racine, Wisconsin Renter-occupied housing units by the presence of own children**
A total of 7,037 apartments for rent in Racine, Wisconsin, or 53% of all rentals are family households. Additionally, 41% of rental homes include children under the age of 18 – that’s 5,413 units. All in all, the median size of a renter-occupied household in Racine, Wisconsin is 2.39.
Racine, Wisconsin Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 13% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in Racine, Wisconsin.
Racine, Wisconsin Renter-occupied units by year structure built**
The highest share of Racine, Wisconsin apartment rentals, namely 35% or 4,549 units, were Built 1939 or earlier, followed by those Built 1950 - 1959 (13%, 1,720 units), and the ones Built 1970 - 1979 (12%, 1,581 units).
Racine, Wisconsin Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Racine, Wisconsin renters (52%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Racine, Wisconsin condos for rent is 2016.
Racine, Wisconsin Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Racine, Wisconsin renters have 1 vehicle available per household, 24% of them have 2 vehicles available, and 18% have No vehicle available.
Racine, Wisconsin Means of transportation to work of householders living in renter-occupied housing units**
Racine, Wisconsin Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Racine, Wisconsin apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
