Cheap Apartments for Rent in the Lake Park Neighborhood of Milwaukee, WI from $500 (202 Rentals)

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

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

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Lake Park, Milwaukee, WI Local Guide

Cheapest Available Lake Park Apartments for Rent

 

The cheapest available apartment rental in the Lake Park area of Milwaukee, WI is a 1 Bed unit found at Edgewater East priced from $680. Buckingham Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here are the most affordable Lake Park apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Edgewater EastOne Bedroom1BR,1BA$680
Buckingham ApartmentsSmall StudioStudio,1BA$695
1417 N. Prospect Avenue1417 StudiosStudio,1BA$775
Royal Plaza ApartmentsStudioAStudio,1BA$825
Edgewater ApartmentsNo Availabilty1BR,1BA$850
RiverwalkStudioStudio,1BA$905
Oakland1 Bed / 1 Bath1BR,1BA$915
2562 Prospect/Move-in Special1 Bedroom1BR,1BA$995
Belleview Terrace Apartments1BD/1BA1BR,1BA$1,000
2021 E Park PlOne Bedroom1BR,1BA$1,019

Best Value Apartments for Rent in Lake Park, WI

As of May 14, 2025 the best value apartment in the Lake Park area is the $1.31 price per square foot 3 Bedroom Model at 2611-2613 N Stowell Ave in the in the Haymarket neighborhood starting from $2,100. The second greatest value Lake Park apartment is the 2728 N Downer Ave Model at 2728 N Downer Ave, Unit Upper Flat starting at $1,996 with a $1.38 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for Lake Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2611-2613 N Stowell Ave3 Bedroom3BR,1.5BA$1.31
2728 N Downer Ave, Unit Upper Flat2728 N Downer Ave4BR,1BA$1.38
Saxony ManorThree Bedroom (2129)3BR,1BA$1.42
2562 Prospect/Move-in Special3 Bedroom3BR,2BA$1.33
Oakland Manor2 Bedroom 1 Bath2BR,1BA$1.04
Summerfield1 Bed / 1 Bath + Den1BR,1BA$1.17
Belleview Terrace Apartments2BD/1BA2BR,1BA$1.11
Cumberland Apartments2 Bedroom2BR,1BA$1.29
Oakview ManorTwo Bedroom One Bath-12BR,1BA$1.33
Edgewater EastOne Bedroom1BR,1BA$1.27

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Lake Park, Milwaukee, WI

Ranked #28

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Lake Park, Milwaukee, and the greater Milwaukee area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, transit availability, pet-friendly communities, places to raise kids, and other valuable search options. These search options are in the site filters at the top of this page.

Getting Around the Lake Park Neighborhood in Milwaukee, WI

Walk Score®

66 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

72 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

39 / 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 Lake Park Apartments

What is the Cheapest Studio apartment in Lake Park?

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

How much is rent for a Cheap One Bedroom Lake Park Apartment?

The lowest price for a Cheap One Bedroom Lake Park Apartment is $680 at Edgewater East.

What is the lowest price for a Cheap Two Bedroom Lake Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Park is starting from $1,095 at Cumberland Apartments.

What is the most affordable Lake Park Three Bedroom Apartment?

The best deal on a cheap Lake Park Three Bedroom Apartment rental is at 2562 Prospect/Move-in Special and starts from $1,595.

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.