Cheap Apartments for Rent in the Downer Woods Neighborhood of Milwaukee, WI from $500 (60 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downer Woods area of Milwaukee.

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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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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property at 3242 N Downer Ave

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

3 Bedroom, 1 Bath Home for Rent

Available Aug 1

3242 N Downer Ave

MilwaukeeWI53211
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Evoni
$1,795 - $6,593
Total Monthly Price

Total Monthly Price

Base Rent
$1,795 - $6,593
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Evoni

615 E Corcoran AveMilwaukee, WI 53202
Affordability
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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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3402 N Oakland
1 Bedroom Apartments

3402 N Oakland

3402 N Oakland AveMilwaukee, WI 53211
  • Utilities Included
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Ben's Place
2 Bedroom Apartments

Ben's Place

3456 N Oakland AveMilwaukee, WI 53211
  • Utilities Included
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2600 E Kenwood Blvd
1 Bedroom Apartments

2600 E Kenwood Blvd

2600 E Kenwood BlvdMilwaukee, WI 53211
Student Housing
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Downer Woods, Milwaukee, WI Local Guide

Cheapest Available Downer Woods Apartments for Rent

 

The cheapest available apartment rental in the Downer Woods area of Milwaukee, WI is a 2 Beds unit found at East National Flats priced from $645. The Park at 1824 Student Apartments has the second lowest priced unit, which is a 3 Beds apartment currently listed from $699. Here are the most affordable Downer Woods apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
East National FlatsThe Hoan - 30% AMI2BR,2BA$645
The Park at 1824 Student ApartmentsRenovated 3 Bedroom Apartment3BR,2BA$699
Oakland PropertiesStudioStudio,1BA$925
Waterfair ApartmentsA6Studio,1BA$990
Playbill Flats05CStudio,1BA$990
735 West by 3L LivingSmall StudioStudio,1BA$1,069
1560 N. Prospect Ave.1BR/1.0BA1BR,1BA$1,095
Sycamore Place ApartmentsSP1-1C1BR,1BA$1,145
Juneau Village TowersStudioStudio,1BA$1,250
The Buckler by 3L LivingStudioStudio,1BA$1,321

Best Value Apartments for Rent in Downer Woods, WI

As of June 29, 2026 the best value apartment in the Downer Woods area is the $1.50 price per square foot 3 Bed + Den Off Campus Model at 3373 N Oakland Ave in the in the East Side neighborhood starting from $2,399. The second greatest value Downer Woods apartment is the 3 Bed + Den Model at 3377 N Oakland Ave starting at $2,399 with a $1.50 price per square foot in the East Side neighborhood. Here is today’s list of the best values for Downer Woods apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3373 N Oakland Ave3 Bed + Den Off Campus3BR,1BA$1.50
3377 N Oakland Ave3 Bed + Den3BR,2BA$1.50
Prospect TowerTwo Bed Balcony Lake View - Parking Included2BR,2BA$1.83
3245 N Oakland2 Bed / 1 Bath2BR,1BA$1.40
The Malt HouseThe Ribbon1BR,1BA$1.85
Sycamore Place ApartmentsSP2-1.5P2BR,1.5BA$1.63
Granary Lofts1BR/1.0BA1BR,1BA$1.87
Coventry1 Bed 1 Bath (1B1B)1BR,1BA$1.81
The Park at 1824 Student ApartmentsStandard 2 Bedroom Apartment2BR,1BA$1.21
Oakland PropertiesStudioStudio ,1BA$1.85

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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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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Pet Friendly Lifestyle
Downer Woods, Milwaukee, WI

Ranked #31

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downer Woods Apartments

What is the Cheapest Studio apartment in Downer Woods?

Currently the most affordable Cheap Studio Apartment in Downer Woods is at Oakland Properties listed at $925.

How much is rent for a Cheap One Bedroom Downer Woods Apartment?

The lowest price for a Cheap One Bedroom Downer Woods Apartment is $949 at East National Flats.

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

Today's best deal for a Cheap Two Bedroom Apartment in Downer Woods is starting from $645 at East National Flats.

What is the most affordable Downer Woods Three Bedroom Apartment?

The best deal on a cheap Downer Woods Three Bedroom Apartment rental is at The Park at 1824 Student Apartments and starts from $699.

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

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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

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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.

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An Insiders Guide to Apartment Living Near Milwaukee's Four Employer Clusters

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Having grown up in Milwaukee and lived in Waukesha for several years, I have come to realize that the Milwaukee metro area offers diverse employment and housing opportunities.

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.