Cheap Apartments for Rent in Milwaukee, WI from $300 (1,057 Rentals)

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Search the lowest-cost Apartments available for rent right now in Milwaukee.

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Milwaukee, WI Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Milwaukee, WI

Pricing Updated: 03/05/2025

Current apartment rentals in the Milwaukee, WI area range in price from $438 to $15,000 with an overall median price of $2,444. The three Milwaukee neighborhoods with the lowest median rent pricing are Concordia at $545, Saint Joseph at $1,100, and Lincoln Creek at $438. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Milwaukee Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Concordia$982$54598
Saint Joseph$1,198$1,10059
Lincoln Creek$1,295$4382987
Silver Spring$1,295$950129
Wahl Park$1,322$6672463
Enderis Park$1,324$1,10053
Alverno College$1,350$825375
Far South Side$1,372$799781
Northwest Milwaukee$1,378$6118014
Alverno$1,410$6501451

Cheapest Available Milwaukee Apartments for Rent

 

The cheapest available apartment rental in Milwaukee, WI is a Studio unit found at Garden Place (55+) in the River View neighborhood priced from $410. The Residences at ThriveOn King in the Haymarket neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $438. Here is today’s list of the most affordable Milwaukee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Garden Place (55+)Studio - Income RestrictedStudio,1BA$410
The Residences at ThriveOn KingOne Bedroom Loft1BR,1BA$438
Kilbourn ApartmentsStudioStudio,1BA$460
CWC Community Within the CorridorFond Du LacStudio,1BA$495
Clarke Square Terrace (55+)One Bedroom - Income Restricted1BR,1BA$576
Colonial ApartmentsStudio *StandardStudio,1BA$595
Garden Terrace Senior Apartments (55+)Studio - Income RestrictedStudio,1BA$606
Tioga ApartmentsStudioStudio,1BA$655
Becher Terrace (55+)One Bedroom1BR,1BA$655
Lakeside ApartmentsStudioStudio,1BA$675

Best Value Apartments for Rent in Milwaukee, WI

As of March 06, 2025 the best value apartment in the Milwaukee area is the $0.53 price per square foot Townhome Model at Rooted & Rising Apartments & Townhomes in the in the Grasslyn Manor neighborhood starting from $1,050. The second greatest value Milwaukee apartment is the 1844 N 59th St Model at 1844 N 59th St, Unit 1844 N 59th St starting at $1,290 with a $0.65 price per square foot in the Grasslyn Manor neighborhood. Here is today’s list of the best values for Milwaukee apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Rooted & Rising Apartments & TownhomesTownhome3BR,2.5BA$0.53
1844 N 59th St, Unit 1844 N 59th St1844 N 59th St2BR,1.5BA$0.65
2769 N 27th St, Unit Upper2769 N 27th St3BR,1BA$0.68
8141 W Beckett Ave, Unit Upper8141 W Beckett Ave3BR,1BA$0.75
2457 N 1st St, Unit front back2457 N 1st St1BR,1BA$0.60
University Row3 Bed 1 Bath3BR,1BA$0.83
2929 N 18th St, Unit Lower Unit2929 N 18th St2BR,1BA$0.82
3147-3149 N 12th St, Unit 13147-3149 N 12th St2BR,1BA$0.73
2350 N Holton St, Unit 23522350 N Holton St2BR,1BA$0.89
Clarke Square Terrace (55+)Two Bedroom - Income Eligible2BR,1BA$0.80

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Milwaukee Overview

One of the top five largest cities in the entire Midwestern U.S. region and far and away the biggest in the state of Wisconsin, living in Milwaukee apartments represents some of the best in the nation. From its long-standing reputation as a 'brewery city' to recent urban renewal and growth, this charming Midwest heartland destination is on the rise.

Why live in Milwaukee, WI?

From its huge public parks system (known as the 'Grand Necklace of Parks') to those oh-so-famous breweries, Milwaukee has something to offer for almost every walk of life. Farmer's markets and other weekly events cultivate a large degree of neighborhood camaraderie, while growing industries such as health care and regional universities help draw young people to Milwaukee on a steady basis. And with so many areas in which to find great deals for apartments in Milwaukee, you can't lose here!

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Milwaukee, WI Rentals by Map

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See the most popular apartments and homes in Milwaukee, WI

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Getting Around Milwaukee, WI

Walk Score®

70 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

62 / 100

Bikeable

Some bike infrastructure

Transit Score®

48 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Milwaukee Apartments

What is the Cheapest Studio apartment in Milwaukee?

Currently the most affordable Cheap Studio Apartment in Milwaukee is at Garden Place (55+) listed at $410.

How much is rent for a Cheap One Bedroom Milwaukee Apartment?

The lowest price for a Cheap One Bedroom Milwaukee Apartment is $438 at The Residences at ThriveOn King.

What is the lowest price for a Cheap Two Bedroom Milwaukee Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Milwaukee is starting from $755 at Clarke Square Terrace (55+).

What is the most affordable Milwaukee Three Bedroom Apartment?

The best deal on a cheap Milwaukee Three Bedroom Apartment rental is at Rooted & Rising Apartments & Townhomes and starts from $1,050.

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.

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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.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.

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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.