Cheap Apartments for Rent in Milwaukee, WI from $300 (1,064 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: 04/12/2025

Current apartment rentals in the Milwaukee, WI area range in price from $438 to $15,031 with an overall median price of $2,440. The three Milwaukee neighborhoods with the lowest median rent pricing are Silver Spring at $799, Enderis Park at $925, and Saint Joseph at $1,148. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Milwaukee Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Silver Spring$1,085$7995
Enderis Park$1,149$9252
Saint Joseph$1,221$1,1483
Lincoln Creek$1,308$43899
Far South Side$1,342$79919
Alverno College$1,350$79516
Alverno$1,395$65057
Harders Oaks$1,410$65066
Mount Olivet$1,410$65063
Castle Manor$1,450$79543

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
West Park ApartmentsEfficencyStudio,1BA$540
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
Becher Terrace (55+)One Bedroom1BR,1BA$655
Lakeside ApartmentsStudioStudio,1BA$675

Best Value Apartments for Rent in Milwaukee, WI

As of April 13, 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 709 E Brady St Model at 709 E Brady St, Unit 1 starting at $1,200 with a $0.67 price per square foot in the Haymarket 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
709 E Brady St, Unit 1709 E Brady St3BR,1BA$0.67
2457 N 1st St, Unit front back2457 N 1st St1BR,1BA$0.60
Mitchell Street Market LoftsTwo Bedroom - 50%2BR,2BA$0.78
106 W Keefe Ave, Unit 3106 W Keefe Ave2BR,1BA$0.92
2970 N 37th St, Unit 2970 N 37th Street2970 N 37th St3BR,1BA$0.92
Columbia Square1 Bed, 1 bath1BR,1BA$0.77
2929 N 18th St, Unit Lower Unit2929 N 18th St2BR,1BA$0.86
Clarke Square Terrace (55+)Two Bedroom - Income Eligible2BR,1BA$0.80
2502 E Edgewood Ave, Unit 32502 E Edgewood Ave1BR,1BA$0.85

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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 a cheap apartment in Milwaukee?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Milwaukee is under $675.

What is the price of a cheap apartment in Milwaukee?

The cheapest apartment in Milwaukee is The Residences at ThriveOn King which is listed at $438, while the average apartment in Milwaukee costs $2,440.

What types of apartments are the cheapest in Milwaukee?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3,143 regular apartments in Milwaukee that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Milwaukee?

Cheap apartments in Milwaukee have an average cost of $305 which is $2,135 cheaper than the average rent for all rentals in Milwaukee.

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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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.

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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.