How to Rent Your Vacation Home or Condo in Milwaukee, Wisconsin

Positive vacation rental trends in Milwaukee, Wisconsin when you considering renting out your Milwaukee home as a short-term rental Milwaukee has been on the rise when it comes to short-term rentals. In 2018, there were over 15,000 active Airbnb listings in the city. The rental market is growing rapidly and short-term rental options are outpacing hotel rooms by 50%. This means that there are some great opportunities for renters to earn extra money on the side. It can also help reduce the impact of a housing crisis by filling vacant units with people who need somewhere to stay while they can find long-term housing or while they wait for their current living situation to stabilize.

Current Vacation Rental Trends in Milwaukee

During the month of September, Milwaukee and areas including Wauwatosa, West Allis, Greenfield, and Brown Deer are projected to generate over $175/night for a 2 bedroom vacation rental, on average! There were 1,344 vacation active rental properties in Milwaukee.  1,156 are renting the entire place, and 188 are shared rooms.  On average, during the month of September 2022, each vacation rental property in Milwaukee is booked 84% of the time, and most hosts are projected to generate $3,232 or more during the month of September! See how much you could earn with our free vacation rental income calculator.
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$175.00 Per Night*

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83% Occupied*

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$3,232.00 Per Month*

* Based on the median average of all vacation rentals in the Milwaukee area.
Get a free estimate for your home or condo.

Featured Milwaukee Vacation Rental Generating Record Profits with RedAwning

Amazing Hideaway- Short walk to Hoyt Park! Starting at $129 to $702 per night!

Location, Location, Location!  This townhome is ideally located in the heart of Wauwatosa, walking distance to Hoyt Park as well as a short drive to many of Milwaukee's best attractions including The Milwaukee Zoo and Fiserv Forum.  Wauwatosa is one the safest villages in Wisconsin with lots of restaurants and attractions and this townhouse is the perfect home-away-from-home for anyone looking to enjoy all that this sought-after location has to offer.

The master bedroom... Read More

This Milwaukee vacation home is presented on every travel website, where travelers are looking to book accommodations (Airbnb, VRBO, Expedia, Google Travel, and hundreds more). And, with RedAwning's dynamic pricing, daily rates are adjusted based on seasonality and demand in Milwaukee.

See how much your Milwaukee vacation rental could earn:

Successful short-term vacation rentals in Milwaukee, Wisconsin

Many people are beginning to see the benefits of renting out their homes to travelers and vacationing families. Vacation rental trends show that these types of rentals represent a growing, but still small, industry. In fact, while the number of vacation rental sites is increasing each year, the number of available homes for rent remains relatively low. As a result, many people are eager to capitalize on this opportunity by renting out their Milwaukee homes as a short-term vacation rental. This may seem like an attractive option at first glance, but there are a few things you should keep in mind before making the decision to rent out your home. First of all, as with any type of rental property, there are some things you need to be aware of before you start accepting guests. For example, you should make sure your home is properly equipped with everything you need to host guests (such as beds and linens, bathroom and kitchen supplies, etc.). And it’s important to keep in mind that short-term rentals will likely attract more transient groups than long-term rentals. So if you’re hoping to make money by renting out your Milwaukee home as a short-term vacation rental, it’s best to prepare yourself for this possibility early on in the process.

Milwaukee, Wisconsin is home to an eclectic mix of culture and scenery, including the lakefront, museums and parks. There's a lot to do in Milwaukee, from visiting the zoo and museum to dining at one of the many restaurants or bars. To add to this list of activities, it's also possible to rent out your Milwaukee home for short-term rentals. One of the most common uses for a vacation rental in Milwaukee is to accommodate larger groups of people. This can be used for bachelor parties or family reunions. It can also be used by individuals who are looking for a quiet place to stay while they are working in the area. A vacation rental in Milwaukee can be rented out as an entire house, or as a single room.

Revenue Projections for Vacation Rentals in Milwaukee, Wisconsin during October, 2022

Based on a 2 bedroom, which is the most common Milwaukee vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in October. Higher bars below can command higher prices, if your Milwaukee vacation rental is available during these days.
 
$23584%1st
 
$18880%2nd
 
$17475%3rd
 
$17274%4th
 
$17274%5th
 
$17676%6th
 
$22680%7th
 
$23681%8th
 
$19475%9th
 
$17474%10th
 
$17274%11th
 
$17175%12th
 
$17776%13th
 
$22079%14th
 
$22879%15th
 
$18676%16th
 
$17174%17th
 
$17074%18th
 
$17174%19th
 
$17176%20th
 
$22077%21st
 
$22377%22nd
 
$17676%23rd
 
$16474%24th
 
$16673%25th
 
$16573%26th
 
$16874%27th
 
$21275%28th
 
$22075%29th
 
$17674%30th
 
$16673%31st
 

Average Daily Price & Percent Occupied Next Month In Milwaukee

Note: These averages are based on a 2 bedroom home in Milwaukee. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Milwaukee, Wisconsin?

If you are a speculative home buyer or have another home in Wisconsin, check out our other Wisconsin Vacation Rental Management reports in Green BayKohlerMadisonSturgeon BayKenoshaRacineCableBirchwoodHayward,  and Fort Atkinson, Wisconsin or view all of our vacation rental market reports

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