Cheap Homes for Rent in Algoma, WI from $500 (7 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Algoma.

property at 1607 19th St

1607 19th St

Two RiversWI54241

Algoma, WI Local Guide

Cheapest Available Algoma Apartments for Rent and Nearby

 

The cheapest available apartment rental in Algoma, WI is a 1 Bed unit found at Meadow View East in the East Shore Drive neighborhood priced from $770. Cedar Lake Apartments in the East Shore Drive neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $935. Here is today’s list of the most affordable Algoma apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Meadow View East1 Bedroom1BR,1BA$770
Cedar Lake ApartmentsHighlands DET - 1100 Sqft2BR,1BA$935
The Shores2 Bed Standard - 1020 sqft2BR,1BA$955

Best Value Apartments for Rent in Algoma, WI and Nearby

As of April 15, 2025 the best value apartment in the Algoma area is the $1.10 price per square foot 3 Bedroom Townhome Model at Meadow View East in the in the East Shore Drive neighborhood starting from $1,425. The second greatest value Algoma apartment is the 2 Bed 2 Bath Upper 1 Stall Model at Ontario Road Apartments starting at $1,200 with a $1.04 price per square foot in the Wilder Park neighborhood. Here is today’s list of the best values for Algoma apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Meadow View East3 Bedroom Townhome3BR,2.5BA$1.10
Ontario Road Apartments2 Bed 2 Bath Upper 1 Stall2BR,2BA$1.04
Pheasant Run Apartments1BR/1.0BA1BR,1BA$0.95
Alfred Dr Apartments17482BR,1BA$1.10
East Mason Apartments2 Bedroom 1 Bath 1 Stall Garage2BR,1BA$1.20
Huron Grove Apartments2BR/2.0BA2BR,2BA$1.25
Terrace LakeBreezewood2BR,1BA$1.36
The Shores1 Bed Deluxe - 913 sqft1BR,1BA$1.37
Cherry Hills Apartments2 Bedroom Ultra2BR,1BA$1.28
Cedar Lake ApartmentsLakeview - 800 Sqft1BR,1BA$1.38

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Algoma

What type of rentals are currently available in Algoma?

There are currently 46 Apartments for Rent in Algoma, WI with pricing that ranges from $457 to $2,500. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Algoma ranging from $500 to $4,750.

What is the current price range for Rental Homes in Algoma?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Algoma ranges from $500 to $4,750 with an average monthly rent of $1,616.

How much are larger Three and Four Bedroom Rentals in Algoma?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Algoma range from $1,151 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $3,150. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $2,200.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.