Cheap Apartments for Rent in the Downtown Milwaukee Neighborhood of Milwaukee, WI from $400 (348 Rentals)

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

Check Out Milwaukee’s Best Affordable Neighborhoods

Learn about Milwaukee and the best places to live with original content written by our Local Expert Tim Brown

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Downtown Milwaukee, Milwaukee, WI Local Guide

Cheapest Available Downtown Milwaukee Apartments for Rent

 

The cheapest available apartment rental in the Downtown Milwaukee area of Milwaukee, WI is a 1 Bed unit found at The Residences at ThriveOn King priced from $438. Edgewater East has the second lowest priced unit, which is a 1 Bed apartment currently listed from $680. Here are the most affordable Downtown Milwaukee apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
The Residences at ThriveOn KingOne Bedroom Loft1BR,1BA$438
Edgewater EastOne Bedroom1BR,1BA$680
Buckingham ApartmentsSmall StudioStudio,1BA$695
Fairmount ApartmentsEfficiencyStudio,1BA$695
The Astor Hotel ApartmentsEfficiency StudioStudio,1BA$700
1417 N. Prospect Avenue1417 StudiosStudio,1BA$775
Lakeside ApartmentsStudio RemodledStudio,1BA$815
Edgewater ApartmentsNo Availabilty1BR,1BA$850
Lancaster Apartments2BR/1BA2BR,1BA$850

Best Value Apartments for Rent in Downtown Milwaukee, WI

As of May 01, 2025 the best value apartment in the Downtown Milwaukee area is the $0.67 price per square foot 709 E Brady St Model at 709 E Brady St, Unit 1 in the in the Haymarket neighborhood starting from $1,200. The second greatest value Downtown Milwaukee apartment is the 2457 N 1st St Model at 2457 N 1st St, Unit front back starting at $900 with a $0.60 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for Downtown Milwaukee apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
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
City Hall Square Apartments2 BR/ 1 BA **Section 42/ 60% Available Now2BR,1BA$1.03
3015 N Dr William Finlayson St, Unit 3015 Lower3015 N Dr William Finlayson St3BR,1BA$1.00
2967 N Richards St, Unit Upper Duplex2967 N Richards St4BR,1BA$1.23
1695 N Cass St, Unit Lower Duplex Unit1695 N Cass St1BR,1BA$1.20
718 E Pearson St, Unit 2 bedroom Rear Lower718 E Pearson St2BR,1BA$1.10
Michigan Street Commons2/22BR,2BA$1.25
2911 N 9th St, Unit 2911-A2911 N 9th St2BR,1BA$1.09
Edgewater EastOne Bedroom1BR,1BA$1.27

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Pet Friendly Lifestyle
Downtown Milwaukee, Milwaukee, WI

Ranked #1

Among neighborhoods in Milwaukee, WI for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Milwaukee, Milwaukee, WI

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States, including Milwaukee. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown Milwaukee Apartments

What is the Cheapest Studio apartment in Downtown Milwaukee?

Currently the most affordable Cheap Studio Apartment in Downtown Milwaukee is at Buckingham Apartments listed at $695.

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

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

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

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Milwaukee is starting from $850 at Lancaster Apartments.

What is the most affordable Downtown Milwaukee Three Bedroom Apartment?

The best deal on a cheap Downtown Milwaukee Three Bedroom Apartment rental is at The Residences at ThriveOn King and starts from $1,396.

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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Finding The Best Affordable Milwaukee Neighborhoods to Rent

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then just blocks outside the border, many Milwaukee neighborhoods have been home to friends and family for many years.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.