Cheap Apartments for Rent in Brookfield, WI from $500 (89 Rentals)

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

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

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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15355 W North Ave
2 Bedroom Apartments

15355 W North Ave

15355 W North AveBrookfield, WI 53005
  • Utilities Included
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Canterbury Crossing
2 to 3 Bedroom Apartments

Canterbury Crossing

561 Westfield WayBrookfield, WI 53072
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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A Local Expert's Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit

Uncover Milwaukee's affordable, vibrant neighborhoods and down-to-earth charm. Get a local expert's take on the city's renaissance, favorite traditions, and famous Gemütlichkeit (cozy spirit).

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Brookfield, WI Local Guide

Cheapest Available Brookfield Apartments for Rent

 

The cheapest available apartment rental in Brookfield, WI is a Studio unit found at Greenfield Avenue Apartments in the Milwaukee County Zoo neighborhood priced from $800. Waterfair Apartments in the Milwaukee County Zoo neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $990. Here is today’s list of the most affordable Brookfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Greenfield Avenue ApartmentsStudiosStudio,1BA$800
Waterfair ApartmentsA6Studio,1BA$990
FIFTY101 Apartments5101 1BD 1BATH W/Patio1BR,1BA$1,000
Dolphin Square ApartmentsStudio BStudio,1BA$1,045
Rivercourt Apartments2 BR/1 BA2BR,1BA$1,069
Foxbrook Senior ApartmentsOne Bedroom1BR,1BA$1,154
The Flats at Bishop's Woods1 Bedroom AVAILABLE 60% to 70% - Income Restri...1BR,1BA$1,178
Courtyard Senior Apartment Homes - 55+One Bedroom - 60%1BR,1BA$1,182
Autumn GlenLaurel1BR,1BA$1,212
The Meadows ApartmentsSpruce1BR,1BA$1,285

Best Value Apartments for Rent in Brookfield, WI

As of May 22, 2026 the best value apartment in the Brookfield area is the $1.17 price per square foot 5077 N 126th St Model at 5077 N 126th St, Unit 3BR / 1 BA duplex - Pets OK in the in the Park Knoll neighborhood starting from $1,400. The second greatest value Brookfield apartment is the Styles "D" & "E" Interior Townhome Model at Hunters Ridge starting at $1,880 with a $1.63 price per square foot in the Five Fields neighborhood. Here is today’s list of the best values for Brookfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5077 N 126th St, Unit 3BR / 1 BA duplex - Pets OK5077 N 126th St3BR,1BA$1.17
Hunters RidgeStyles "D" & "E" Interior Townhome2BR,2.5BA$1.63
Rivercourt Apartments2 BR/1 BA2BR,1BA$0.95
The Meadows ApartmentsMangrove2BR,1.5BA$1.41
11813 W Flagg Ave, Unit 11813 W Flagg11813 W Flagg Ave2BR,1BA$1.40
Willow Brook CourtA22BR,2BA$1.49
Foxhaven2 Bed, 1 Bath Lower2BR,1BA$1.65
Autumn GlenLaurel1BR,1BA$1.55
FIFTY101 Apartments5101 1BD 1BATH W/Patio1BR,1BA$1.56
Greenfield Avenue ApartmentsStudiosStudio ,1BA$1.33

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

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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Brookfield, WI

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Brookfield Apartments

What is the Cheapest Studio apartment in Brookfield?

Currently the most affordable Cheap Studio Apartment in Brookfield is at Greenfield Avenue Apartments listed at $800.

How much is rent for a Cheap One Bedroom Brookfield Apartment?

The lowest price for a Cheap One Bedroom Brookfield Apartment is $1,000 at FIFTY101 Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Brookfield is starting from $1,069 at Rivercourt Apartments.

What is the most affordable Brookfield Three Bedroom Apartment?

The best deal on a cheap Brookfield Three Bedroom Apartment rental is at The Regent Senior & The Oxford and starts from $1,307.

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.

Helpful Local Expert Guides

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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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The Top Neighborhoods for Off-Campus Housing for Milwaukee-Area College Students

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, many of the Milwaukee neighborhoods profiled here have been home to friends and family.

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A Local Experts Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, Milwaukee's neighborhoods have been home to friends and family for years.

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.

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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.