Cheap Apartments for Rent in the Downtown Beloit Neighborhood of Beloit, WI from $500 (6 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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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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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.

Cheapest Available Downtown Beloit Apartments for Rent

 

The cheapest available apartment rental in the Downtown Beloit area of Beloit, WI is a 2 Beds unit found at Arrowhead Pointe Apartments priced from $1,100. Water Tower Place has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,195. Here are the most affordable Downtown Beloit apartments for rent in Beloit, WI:

Apartment ListingModel NameBed/BathPriced From
Arrowhead Pointe Apartments2 Bed/1 Bath2BR,1BA$1,100
Water Tower Place2.1 - Affordable2BR,1BA$1,195
Maple Creek2 Bedroom lower2BR,1BA$1,209

Best Value Apartments for Rent in Downtown Beloit, WI

As of May 27, 2026 the best value apartment in the Downtown Beloit area is the $1.35 price per square foot 302 Bluff St Model at 302 Bluff St, Unit ABC Stadium View in the in the Downtown Beloit neighborhood starting from $1,750. The second greatest value Downtown Beloit apartment is the 2.1 - Affordable Model at Water Tower Place starting at $1,195 with a $1.24 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.
302 Bluff St, Unit ABC Stadium View302 Bluff St3BR,1BA$1.35
Water Tower Place2.1 - Affordable2BR,1BA$1.24
Arrowhead Pointe Apartments2 Bed/1 Bath2BR,1BA$1.21
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 3 regular apartments in Downtown Beloit 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 Downtown Beloit?

Cheap apartments in Downtown Beloit have an average cost of $315 which is $1,325 cheaper than the average rent for all rentals in Downtown Beloit.

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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.