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Cheap Apartments for Rent in the Fernwood Neighborhood of Milwaukee, WI from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fernwood area of Milwaukee.
2474 S 5th Pl
MilwaukeeWI53207
2869 S 6th St
MilwaukeeWI53215
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from $8501 Bedroom Apartment Available Jul 1
4176 S 4th St, Unit Upper
4176 S 4th StMilwaukee, WI 53207
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from $850Studio to 2 Bedroom Apartments Available Now
Seaway Terrace Apartments
4601-4614 S 1st StMilwaukee, WI 53207
2859 S 6th St
MilwaukeeWI53215
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.
2553 S 6th St
MilwaukeeWI53215
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from $1,0091 Bedroom Apartments Contact Us For Availability
Hide House Lofts Bayview
2615 S Greeley StMilwaukee, WI 53207
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from $1,0101 to 2 Bedroom Apartments Contact Us For Availability
Harbor View Village
3775 E Denton AveMilwaukee, WI 53235
3279 S Pine Ave
MilwaukeeWI53207
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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.
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from $8491 Bedroom Apartments Available Now
Cottonwood Trails - 55+ Community
4600 S Nicholson AveCudahy, WI 53110
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from $8551 to 2 Bedroom Apartments Contact Us For Availability
FairCrest Senior Apartments
1920 E Tripoli AveSt. Francis, WI 53235
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from $9491 Bedroom Apartments Available Now
Welcome Home at Plaza Four Apartments
4300 S Nicholson AveSt. Francis, WI 53235
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
4625 S Lake Dr
CudahyWI53110
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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.
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Showing Results 1-25, Page 1 of 1
Fernwood, Milwaukee, WI Local Guide
How much does it cost to rent an apartment in Fernwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fernwood Studio Apartments | $1,512 | $850 | $1,985 |
| Fernwood 1 Bedroom Apartments | $1,519 | $751 | $2,790 |
| Fernwood 2 Bedroom Apartments | $1,781 | $795 | $4,119 |
| Fernwood 3 Bedroom Apartments | $1,886 | $1,475 | $2,890 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the Fernwood Neighborhood of Milwaukee, WI.
See all Apartments in MilwaukeeExplore Milwaukee
Fernwood, Milwaukee, WI Local Guide
- Nearby Milwaukee neighborhoods
- Nearby Cities
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- Local Counties
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Cheapest Available Fernwood Apartments for Rent
The cheapest available apartment rental in the Fernwood area of Milwaukee, WI is a Studio unit found at Seaway Terrace Apartments priced from $850. Welcome Home at Plaza Four Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here are the most affordable Fernwood apartments for rent in Milwaukee, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Seaway Terrace Apartments | Studio | Studio,1BA | $850 |
| Welcome Home at Plaza Four Apartments | 1 Bed 1 Bath with Den | 1BR,1BA | $999 |
| Hide House Lofts Bayview | One Bedroom One Bath | 1BR,1BA | $1,009 |
| Buckhorn Station Apartment Homes | One Bedroom | 1BR,1BA | $1,152 |
| Ridge View Apartments | Two Bedroom, One Bathroom | 2BR,1BA | $1,220 |
Best Value Apartments for Rent in Fernwood, WI
As of May 15, 2025 the best value apartment in the Fernwood area is the $1.15 price per square foot 319 E Montana St Model at 319 E Montana St, Unit 319 in the in the Southeast Side neighborhood starting from $2,295. The second greatest value Fernwood apartment is the 426 E Smith St Model at 426 E Smith St, Unit 1 starting at $1,475 with a $0.98 price per square foot in the Clarke Square neighborhood. Here is today’s list of the best values for Fernwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 319 E Montana St, Unit 319 | 319 E Montana St | 3BR,1BA | $1.15 |
| 426 E Smith St, Unit 1 | 426 E Smith St | 3BR,1BA | $0.98 |
| 3658 S Brust Ave, Unit 3658 - Ground Floor | 3658 S Brust Ave | 3BR,1BA | $1.64 |
| Buckhorn Station Apartment Homes | One Bedroom | 1BR,1BA | $1.30 |
| 3401 S Howell Ave, Unit 2 | 3401 S Howell Ave | 2BR,1BA | $1.86 |
| 3502 E Cudahy Ave, Unit 3 | 3502 E Cudahy Ave | 1BR,1BA | $1.41 |
| Dwell Bay View | D | 1BR,1BA | $1.69 |
| Hide House Lofts Bayview | One Bedroom One Bath | 1BR,1BA | $1.32 |
| Ridge View Apartments | One Bedroom, One Bathroom | 1BR,1BA | $1.84 |
| Welcome Home at Plaza Four Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.54 |
Quick Rent Budget Calculator
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleFernwood, Milwaukee, WI
Ranked #39
Among neighborhoods in Milwaukee, WI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Fernwood, Milwaukee, WI
Bay View Middle and High School
Milwaukee School District
Public School - Grades 9-12 (945)
2 out of 10
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in areas across the United States including Fernwood, Milwaukee, and the greater Milwaukee area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. These search options are in the site filters at the top of this page.
Getting Around the Fernwood Neighborhood in Milwaukee, WI
Walk Score®
74 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
75 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
42 / 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 Fernwood Apartments
What is a cheap apartment in Fernwood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fernwood is under $1,430.
What is the price of a cheap apartment in Fernwood?
The cheapest apartment in Fernwood is Welcome Home at Plaza Four Apartments which is listed at $949, while the average apartment in Fernwood costs $1,745.
What types of apartments are the cheapest in Fernwood?
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 regular apartments in Fernwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.