Cheap Apartments for Rent in Waukesha, WI from $500 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in Waukesha.

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Westwood Apartments
Studio to 2 Bedroom Apartments

Westwood Apartments

1701-1713 Elder StWaukesha, WI 53188
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800-820 Delafield St
1 to 2 Bedroom Apartments

800-820 Delafield St

800-820 Delafield StWaukesha, WI 53188
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Delafield Courtyard
1 to 2 Bedroom Apartments

Delafield Courtyard

1012-1022 Delafield StWaukesha, WI 53188
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Pebble Place
2 Bedroom Apartments

Pebble Place

2801-2811 N University DrWaukesha, WI 53188
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Center City Plaza
2 Bedroom Apartments

Center City Plaza

707 N Grand AveWaukesha, WI 53186
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101 W Main St
1 Bedroom Apartments

101 W Main St

101 W Main StWaukesha, WI 53186
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Ridge View Apartments
Studio to 2 Bedroom Apartments

Ridge View Apartments

212 W North StWaukesha, WI 53188
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310-332 Morris St
2 Bedroom Apartments

310-332 Morris St

310-332 Morris StPewaukee, WI 53072
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Showing Results 1-31, Page 1 of 1

Waukesha, WI Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Waukesha, WI

Pricing Updated: 03/21/2025

Current apartment rentals in the Waukesha, WI area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Waukesha Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Waukesha$2,460$7251427
Overlook Farms$2,460$855277
Westmoreland Grove$2,550$8501240
Eastern Waukesha$4,525$41015572

Cheapest Available Waukesha Apartments for Rent

 

The cheapest available apartment rental in Waukesha, WI is a 1 Bed unit found at Moreland North in the Spring Hills neighborhood priced from $855. Maple Ave Apartments in the Spring Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here is today’s list of the most affordable Waukesha apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Moreland NorthB1BR,1BA$855
Maple Ave Apartments1 bed/ 1 bath1BR,1BA$1,050
Berkshire at KensingtonUnit B1BR,1BA$1,086
West Grove on the LakeGrove B12BR,1BA$1,161
Pine Pointe Apartments2bd2BR,1BA$1,195
Hillside Village Apartments1 Bed/1 Bath1BR,1BA$1,205
Wildflower Place Apartments1 BD / 1 BA - 670sf - 1st/2nd flr - Upgraded Unit1BR,1BA$1,246
Quail Pointe Apartment Homes2 Bedroom / 1 Bathroom2BR,1BA$1,275
Rivers Edge ApartmentsA21BR,1BA$1,355
The Meadows ApartmentsMangrove2BR,1BA$1,380

Best Value Apartments for Rent in Waukesha, WI

As of March 21, 2025 the best value apartment in the Waukesha area is the $1.46 price per square foot 2 Beds, 2 baths Model at 625 Shepherd Ct in the in the Spring Hills neighborhood starting from $2,100. The second greatest value Waukesha apartment is the Lower Model at Hawthorne Place Apartments starting at $1,625 with a $1.27 price per square foot in the Five Fields neighborhood. Here is today’s list of the best values for Waukesha apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
625 Shepherd Ct2 Beds, 2 baths2BR,2BA$1.46
Hawthorne Place ApartmentsLower2BR,2BA$1.27
The LodgeDakota2BR,2BA$1.33
Quail Pointe Apartment Homes2 Bedroom / 1 Bathroom2BR,1BA$1.09
Kendal HillsFloor Plan "D"2BR,1BA$1.43
The Meadows ApartmentsMangrove2BR,1.5BA$1.34
Riverwalk ApartmentsE2BR,2BA$1.44
Pine Pointe Apartments2bd2BR,1BA$1.49
Maple Ave Apartments1 bed/ 1 bath1BR,1BA$1.40
Moreland NorthB1BR,1BA$1.16

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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Waukesha Overview

Waukesha is located along the Fox River and is a part of the Milwaukee Metropolitan area. Waukesha is a great city for people looking for a small town with all the big city amenities. This region serves as the main destination for tourists from different parts of the globe. 

Why live in Waukesha, WI?

Waukesha is strategically located and can be the best home for both middle and high-class. It is a quiet city with a quaint atmosphere and breathtaking landscapes, especially in the autumn. This is a great fit for families, business owners, as well as single people looking to start their lives in a new city. Compared to other cities in the US, Waukesha has luxury apartments situated close to major bars and restaurants to make your life easier. Most apartments are modernized to suit the needs of most city dwellers.

Pet Friendly Lifestyle
Waukesha, WI

Ranked #23

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Waukesha, WI

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Waukesha, WI Rentals by Map

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See the most popular apartments and homes in Waukesha, WI

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Getting Around Waukesha, WI

Walk Score®

44 / 100

Car-Dependent

Most errands require a car

Bike Score®

42 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

21 / 100

Minimal Transit

It may be possible to get on a bus

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 Waukesha Apartments

What is a cheap apartment in Waukesha?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waukesha is under $1,380.

What is the price of a cheap apartment in Waukesha?

The cheapest apartment in Waukesha is Moreland North which is listed at $855, while the average apartment in Waukesha costs $2,998.

What types of apartments are the cheapest in Waukesha?

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 831 regular apartments in Waukesha that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Waukesha?

Cheap apartments in Waukesha have an average cost of $192 which is $2,806 cheaper than the average rent for all rentals in Waukesha.

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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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.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.

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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.