
Cheap Homes for Rent in Downtown Milwaukee Neighborhood of Milwaukee, WI from $700 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Milwaukee area of Milwaukee.


1549A N Warren Ave

1549 N Warren Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

2855 N Hubbard St

2867 N Fratney St

2457 N 1st St, Unit upper front
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

1104 W Chambers St

904 E Pearson St

2576 N Pierce St
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

422 E Locust St

2957 N Richards St

1919 N Summit Ave, Unit 5B
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

2372 -2374 N Humboldt Blvd, Unit Lower Unit
Downtown Milwaukee, Milwaukee, WI Local Guide

How much does it cost to rent a home in Downtown Milwaukee?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Milwaukee 2 Bedroom Homes for Rent | $1,888 | $750 | $4,750 |
Downtown Milwaukee 3 Bedroom Homes for Rent | $2,168 | $1,499 | $3,750 |
Downtown Milwaukee 4 Bedroom Homes for Rent | $2,840 | $2,295 | $5,300 |
Downtown Milwaukee 5 Bedroom Homes for Rent | $3,195 | $3,095 | $3,295 |
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 1 mile radius of the Downtown Milwaukee Neighborhood of Milwaukee, WI.
Explore Milwaukee
Downtown Milwaukee, Milwaukee, WI Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Residences at ThriveOn King | One Bedroom Loft | 1BR,1BA | $525 |
Edgewater East | One Bedroom | 1BR,1BA | $680 |
Buckingham Apartments | Small Studio | Studio,1BA | $695 |
Fairmount Apartments | Efficiency | Studio,1BA | $695 |
The Astor Hotel Apartments | Efficiency Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
709 E Brady St, Unit 1 | 709 E Brady St | 3BR,1BA | $0.67 |
2457 N 1st St, Unit front back | 2457 N 1st St | 1BR,1BA | $0.60 |
The Germania | Two Bedroom | 2BR,1.5BA | $0.94 |
Oakland Manor | 2 Bedroom 1 Bath | 2BR,1BA | $1.04 |
Summerfield | 1 Bed / 1 Bath + Den | 1BR,1BA | $1.17 |
2944 N 7th St, Unit 2944A N 7th St. Upper | 2944 N 7th St | 2BR,1BA | $0.90 |
1658 N Van Buren St, Unit 2 | 1658 N Van Buren St | 2BR,1BA | $1.16 |
Michigan Street Commons | 2/2 | 2BR,2BA | $1.25 |
2911 N 9th St, Unit 2911-A | 2911 N 9th St | 2BR,1BA | $1.09 |
610 W Wisconsin Ave, Unit 24 | 610 W Wisconsin Ave | 1BR,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.

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.

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.

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.

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.