
Cheap Apartments for Rent in the Downtown Beloit Neighborhood of Beloit, WI from $500 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Beloit area of Beloit.


Northgate Apartments LLC

Grand Avenue Apartments

Water Tower Place

747 Parker Ave

Village on Olympian Hill
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Fairbanks Flats

349 W Grand Ave

701 Roosevelt Ave

Beloit Hillcrest

Arrowhead Pointe Apartments

1049 Bluff St
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Downtown Beloit, Beloit, WI Local Guide

How much does it cost to rent an apartment in Downtown Beloit?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Beloit Studio Apartments | $1,168 | $950 | $1,361 |
| Downtown Beloit 1 Bedroom Apartments | $1,520 | $840 | $2,925 |
| Downtown Beloit 2 Bedroom Apartments | $1,422 | $985 | $2,146 |
| Downtown Beloit 3 Bedroom Apartments | $1,435 | $1,379 | $1,549 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Downtown Beloit Neighborhood of Beloit, WI.
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Cheapest Available Downtown Beloit Apartments for Rent
 The cheapest available apartment rental in the Downtown Beloit area of Beloit, WI is a 1 Bed unit found at Water Tower Place priced from $1,150. Maple Creek has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,209. Here are the most affordable Downtown Beloit apartments for rent in Beloit, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Water Tower Place | 1 bed Market | 1BR,1BA | $1,150 |
| Maple Creek | 2 Bedroom Upper | 2BR,2BA | $1,209 |
| Beloit Hillcrest | 2 Bed 1 Bath (A) | 2BR,1BA | $1,295 |
| Wright & Wagner Lofts | Loft A - Grand | 1BR,2BA | $1,608 |
Best Value Apartments for Rent in Downtown Beloit, WI
As of February 24, 2026 the best value apartment in the Downtown Beloit area is the $1.33 price per square foot 744 Central Ave Model at 744 Central Ave, Unit 744.5 in the in the Downtown Beloit neighborhood starting from $1,400. The second greatest value Downtown Beloit apartment is the Loft A - Grand Model at Wright & Wagner Lofts starting at $1,608 with a $1.67 price per square foot in the Downtown Beloit neighborhood. Here is today’s list of the best values for Downtown Beloit apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 744 Central Ave, Unit 744.5 | 744 Central Ave | 2BR,1BA | $1.33 |
| Wright & Wagner Lofts | Loft A - Grand | 1BR,2BA | $1.67 |
| Beloit Hillcrest | 2 Bed 1 Bath (A) | 2BR,1BA | $1.43 |
| Water Tower Place | 1 bed Market | 1BR,1BA | $1.62 |
| Maple Creek | 2 Bedroom lower | 2BR,1BA | $1.73 |
Frequently Asked Questions about Cheap Downtown Beloit Apartments
What types of apartments are the cheapest in Downtown Beloit?
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 Downtown Beloit that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.