Cheap Apartments for Rent in the Fernwood Neighborhood of Milwaukee, WI from $400 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fernwood area of Milwaukee.

Seaway Terrace Apartments

2469 S 5th St

2474 S 5th Pl

2859 S 6th St

2869 S 6th St

2567 S Logan Ave, Unit Upper apartment

2553 S 6th St

4575 S Packard Ave

FairCrest Senior Apartments

Cottonwood Trails - 55+ Community

Welcome Home at Plaza Four Apartments
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 | $1,700 | $850 | $2,470 |
Fernwood 1 Bedroom Apartments | $1,660 | $850 | $2,956 |
Fernwood 2 Bedroom Apartments | $2,034 | $850 | $4,525 |
Fernwood 3 Bedroom Apartments | $1,958 | $1,395 | $4,215 |
Fernwood 4 Bedroom Apartments | $3,500 | $3,500 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Fernwood Neighborhood of Milwaukee, WI.
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Fernwood, Milwaukee, WI Local Guide
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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 $949. 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 | 1BR,1BA | $949 |
Buckhorn Station Apartment Homes | One Bedroom | 1BR,1BA | $1,056 |
South Pine | 2 Bed 1 Bath | 2BR,1BA | $1,199 |
Vue Apartments | V12 | Studio,1BA | $1,200 |
Best Value Apartments for Rent in Fernwood, WI
As of April 09, 2025 the best value apartment in the Fernwood area is the $1.05 price per square foot 426 E Smith St Model at 426 E Smith St, Unit 1 in the in the Clarke Square neighborhood starting from $1,575. The second greatest value Fernwood apartment is the 428 E Dover St Model at 428 E Dover St, Unit UPPER starting at $1,625 with a $1.25 price per square foot in the Southeast Side 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. |
---|---|---|---|
426 E Smith St, Unit 1 | 426 E Smith St | 3BR,1BA | $1.05 |
428 E Dover St, Unit UPPER | 428 E Dover St | 3BR,1BA | $1.25 |
2242 S Robinson Ave, Unit LOWER | 2242 S Robinson Ave | 3BR,1BA | $1.44 |
907 E Russell Ave, Unit 1 | 907 E Russell Ave | 2BR,1BA | $1.35 |
323 E Rosedale Ave, Unit LOWER | 323 E Rosedale Ave | 2BR,1BA | $1.61 |
Buckhorn Station Apartment Homes | One Bedroom | 1BR,1BA | $1.19 |
South Pine | 2 Bed 1 Bath | 2BR,1BA | $1.41 |
2132 S Allis St, Unit UPPER | 2132 S Allis St | 1BR,1BA | $1.60 |
Welcome Home at Plaza Four Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.54 |
2567 S Logan Ave, Unit Upper apartment | 2567 S Logan Ave | 1BR,1BA | $1.56 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleFernwood, Milwaukee, WI
Ranked #53
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
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 $1,350.
What is the price of a cheap apartment in Fernwood?
The cheapest apartment in Fernwood is Seaway Terrace Apartments which is listed at $925, while the average apartment in Fernwood costs $3,500.
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 2 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.

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.

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.

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.

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.