Cheap Apartments for Rent in the Downtown Beloit Neighborhood of Beloit, WI from $500 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Beloit area of Beloit.

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Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Fairbanks Flats
2 to 3 Bedroom Apartments

Fairbanks Flats

206-216 Carpenter StBeloit, WI 53511
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349 W Grand Ave
1 to 2 Bedroom Apartments

349 W Grand Ave

349 W Grand AveBeloit, WI 53511
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Beloit Hillcrest
1 to 2 Bedroom Apartments

Beloit Hillcrest

2200 Burton StBeloit, WI 53511
Senior Living
  • Utilities Included

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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 ListingModel NameBed/BathPriced From
Water Tower Place1 bed Market1BR,1BA$1,150
Maple Creek2 Bedroom Upper2BR,2BA$1,209
Beloit Hillcrest2 Bed 1 Bath (A)2BR,1BA$1,295
Wright & Wagner LoftsLoft A - Grand1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
744 Central Ave, Unit 744.5744 Central Ave2BR,1BA$1.33
Wright & Wagner LoftsLoft A - Grand1BR,2BA$1.67
Beloit Hillcrest2 Bed 1 Bath (A)2BR,1BA$1.43
Water Tower Place1 bed Market1BR,1BA$1.62
Maple Creek2 Bedroom lower2BR,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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

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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.