Cheap Homes for Rent in Elm Grove, WI from $700 (19 Rentals)

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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.

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.

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.

Elm Grove, WI Local Guide

Cheapest Available Elm Grove Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elm Grove, WI is a Studio unit found at Waterfair Apartments in the Milwaukee County Zoo neighborhood priced from $990. 1611 S 115th Court in the West View neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,100. Here is today’s list of the most affordable Elm Grove apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Waterfair ApartmentsA6Studio,1BA$990
1611 S 115th CourtLower Unit2BR,1BA$1,100
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
Synergy at the MayfairMoonstone 0 Bed, 1 BathStudio,1BA$1,240

Best Value Apartments for Rent in Elm Grove, WI and Nearby

As of April 12, 2026 the best value apartment in the Elm Grove area is the $1.52 price per square foot 2 Bed, 2 Bath Lower (A) Model at Deer Creek Run Apartments in the in the Spring Hills neighborhood starting from $1,823. The second greatest value Elm Grove apartment is the Washington - 2 Bed, 2 Bath Model at Georgetown Square Apartments starting at $1,970 with a $1.69 price per square foot in the Spring Hills neighborhood. Here is today’s list of the best values for Elm Grove apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Deer Creek Run Apartments2 Bed, 2 Bath Lower (A)2BR,2BA$1.52
Georgetown Square ApartmentsWashington - 2 Bed, 2 Bath2BR,2BA$1.69
Normandy VillageJuno F2BR,1.5BA$1.35
Serafino Square Luxury Apartments2AWD2BR,2BA$1.58
Willow Brook CourtA22BR,2BA$1.54
The Club at Brookfield Hills ApartmentsPinnacle - 1 Bed, 1 Bath Aberdeen1BR,1BA$1.79
1611 S 115th CourtLower Unit2BR,1BA$1.29
1600 TosaA Floorplan1BR,1BA$1.74
The Flats at Bishop's Woods1 Bedroom AVAILABLE 60% to 70% - Income Restri...1BR,1BA$1.66
Courtyard Senior Apartment Homes - 55+One Bedroom - 60%1BR,1BA$1.70

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

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Frequently Asked Questions about Elm Grove

What type of rentals are currently available in Elm Grove?

There are currently 110 Apartments for Rent in Elm Grove, WI with pricing that ranges from $977 to $7,336. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elm Grove ranging from $795 to $3,195.

What is the current price range for Rental Homes in Elm Grove?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Elm Grove ranges from $795 to $3,195 with an average monthly rent of $1,808.

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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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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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.

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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.