Cheap Homes for Rent in Downtown Milwaukee Neighborhood of Milwaukee, WI from $700 (13 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Navigating the Rental Market: Tips for First-Time Renters

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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 $525. 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$525
Edgewater EastOne Bedroom1BR,1BA$680
Buckingham ApartmentsSmall StudioStudio,1BA$695
Fairmount ApartmentsEfficiencyStudio,1BA$695
The Astor Hotel ApartmentsEfficiency StudioStudio,1BA$700

Best Value Apartments for Rent in Downtown Milwaukee, WI

As of May 15, 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
The GermaniaTwo Bedroom2BR,1.5BA$0.94
Oakland Manor2 Bedroom 1 Bath2BR,1BA$1.04
Summerfield1 Bed / 1 Bath + Den1BR,1BA$1.17
2944 N 7th St, Unit 2944A N 7th St. Upper2944 N 7th St2BR,1BA$0.90
1658 N Van Buren St, Unit 21658 N Van Buren St2BR,1BA$1.16
Michigan Street Commons2/22BR,2BA$1.25
2911 N 9th St, Unit 2911-A2911 N 9th St2BR,1BA$1.09
610 W Wisconsin Ave, Unit 24610 W Wisconsin Ave1BR,1BA$1.24

Quick Rent Budget Calculator

How much rent can you afford?

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Frequently Asked Questions about Downtown Milwaukee

What type of rentals are currently available in Downtown Milwaukee?

There are currently 939 Apartments for Rent in Downtown Milwaukee, WI with pricing that ranges from $525 to $15,000. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Milwaukee ranging from $750 to $5,300.

What is the current price range for Rental Homes in Downtown Milwaukee?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Milwaukee ranges from $750 to $5,300 with an average monthly rent of $2,152.

How much are larger Three and Four Bedroom Rentals in Downtown Milwaukee?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Milwaukee range from $549 to $15,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,499 to $3,750. Four Bedroom Single-Family rentals are also available starting from $2,295 and Four Bedroom Apartments start at $1,850.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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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.