Beloit, Wisconsin is an attractive rental market for many reasons. The city offers an array of amenities, including numerous parks and recreational opportunities. The cost of living is significantly lower than the national average, making it a great option for those looking to save money. Additionally, the public schools in Beloit are highly rated, providing a quality education for children of all ages.
The best neighborhoods for rentals in Beloit are generally located on the city's west side. This area has a variety of housing options, from single-family homes to townhomes and apartments. The nearby schools are top-notch, with Beloit Memorial High School ranking among the best in Wisconsin. The average price of rent in Beloit is around $900 per month, making it an affordable option for those looking to rent.
The crime rate in Beloit is relatively low, making it a safe place to live. The city's police department is dedicated to keeping the streets safe and has implemented a variety of programs to help protect residents. Additionally, there are a number of crime prevention initiatives in place to help keep the city safe.
The average rental prices for apartments, townhouses, condos, lofts, and single family homes in Beloit, WI are as follows:
Apartments: $854/month
Townhouses: $1,031/month
Condos: $984/month
Lofts: $1,187/month
Single Family Homes: $1,112/month
Beloit, WI rental prices have increased over the last 5 years. The average rental rate for a one bedroom apartment increased from $630 in 2015 to $749 in 2020, an increase of 19%. The average rental rate for a two bedroom apartment increased from $780 in 2015 to $912 in 2020, an increase of 17%. The average rental rate for a three bedroom apartment increased from $913 in 2015 to $1,100 in 2020, an increase of 20%.
The median rental prices for 1-bedroom, 2-bedroom, and 3-bedroom apartments in Beloit, WI are as follows:
1-Bedroom: $615
2-Bedroom: $725
3-Bedroom: $845
Beloit, WI is part of the Beloit School District, which is considered to be one of the top-performing school districts in the state of Wisconsin. Beloit School District has a graduation rate of 93.3%, which is significantly higher than the national average of 84%. The district also boasts a student-teacher ratio of 12 to 1, which is lower than the national average of 16 to 1. Additionally, Beloit School District has a lower percentage of students receiving free or reduced-price lunch than the national average, indicating that there is less poverty in the district than in many other school districts in the United States.
1. Downtown Beloit
2. West Side
3. South Beloit
4. Shopiere
5. Beloit Towne Center
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