Racine, WI Rental Market
Racine is a Lake Michigan industrial city anchored by SC Johnson (Wax) — a globally recognized consumer products company headquartered here — and a network of manufacturing and plastics firms. The city offers lower rents and home values than neighboring Kenosha and Milwaukee, making it attractive to budget-conscious renters and value investors. Gateway Technical College drives modest student demand. Racine's lakefront and historic downtown are undergoing gradual revitalization.
Get a rent estimate for an address in RacineAverage Rent in Racine, WI
$980
per month · 2026-06
Market Score
Key Facts — Racine, WI Rental Market
- Average rent in Racine, WI:$980/mo
- Median rent:$902/mo
- Rent range:$500 – $2,150/mo
- Most common rental (2 bedrooms):$875/mo
- Active listings:320
- Avg days to lease:36 days
- Year-over-year change:+2.5%
- Median home value:$165,000
- Est. gross annual yield:7.1%
- Data as of:2026-06
Rent by Bedroom in Racine, WI
Average monthly rent for each bedroom type based on current active listings in Racine.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $700/mo |
2 Bedrooms | $875/mo |
3 Bedrooms | $1,100/mo |
4 Bedrooms | $1,350/mo |
5 Bedrooms | $1,550/mo |
Racine Rental Market Statistics
Key indicators from the current Racine, WI rental market.
320
Available now in Racine
36
From list to lease
$0.79
Average across listings
1,244 sq ft
Typical rental size
$500 – $2,150
Min to max active listings
+2.5%
Avg rent vs. prior year
Investing in Racine, WI Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$165,000
Typical purchase price in Racine
Est. Gross Annual Yield
7.1%
Before expenses & vacancy
Avg Monthly Income
$980
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Racine for a full cash-flow breakdown including all costs.
Racine, WI Rental Market FAQ
Common questions about renting and investing in Racine, WI.
What is the average rent in Racine, WI?
The average rent in Racine, WI is $980 per month as of 2026. One-bedroom apartments average $700/mo, two-bedrooms $875/mo, and three-bedroom homes $1,100/mo. Racine is notably more affordable than neighboring Kenosha and Milwaukee.
Is Racine, WI a good place to invest in rental property?
Racine offers a 7.1% estimated gross annual yield with low median home values (~$165,000). SC Johnson and the manufacturing base provide employment-anchored demand. Best suited for cash-flow investors who are comfortable managing properties in a smaller market with a slower appreciation trajectory.
How competitive is the Racine, WI rental market?
Racine averages 36 days on market with approximately 320 active listings. The market is less competitive than Milwaukee or Kenosha, giving tenants more choice. Properties in the northside neighborhoods closest to Kenosha and the lakefront area tend to lease faster than the city average.
Ready to Analyze a Property in Racine?
Get an instant rent estimate, cash-flow projection, and comparable rentals for any address in Racine, WI.
Analyze Now — It's Free