Cheap Apartments for Rent in Milwaukee, WI from $450 (1,324 Rentals)

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2328 N 45th St, Unit 1
$450
Total Monthly Price

Total Monthly Price

Base Rent
$450
Total Monthly Price
$450
1 Bedroom Apartment Available Oct 1

2328 N 45th St, Unit 1

2328 N 45th StMilwaukee, WI 53210
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An Insider's Guide to Apartment Living Near Milwaukee's Four Employer Clusters

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Check Out Milwaukee’s Best Affordable Neighborhoods

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property at 3034 W State St

$800 - $1,150

1 To 2 Bedroom Rentals

Available Now

3034 W State St

MilwaukeeWI53208
property at 2621 W Pierce St

$800 - $1,350

1 To 2 Bedroom Rentals

Available Now

2621 W Pierce St

MilwaukeeWI53204

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

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Milwaukee, WI Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Milwaukee, WI

Pricing Updated: 09/01/2026

Current apartment rentals in the Milwaukee, WI area range in price from $450 to $36,000 with an overall median price of $1,612. The three Milwaukee neighborhoods with the lowest median rent pricing are Concordia at $825, Avenues West at $841, and Roosevelt Grove at $1,073. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Milwaukee Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Concordia$825$4956
Avenues West$841$67531
Roosevelt Grove$1,073$45088
Uptown Milwaukee$1,074$4509
West Side$1,076$45034
Midtown Milwaukee$1,088$80029
Saint Joseph$1,100$45031
St Josephs$1,100$8484
Menomonee River Hills$1,118$8501
Lincoln Creek$1,122$60862

Cheapest Available Milwaukee Apartments for Rent

 

The cheapest available apartment rental in Milwaukee, WI is a Studio unit found at Fairmount Apartments in the Haymarket neighborhood priced from $675. University Crossing I in the Haymarket neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $685. Here is today’s list of the most affordable Milwaukee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fairmount ApartmentsStudioStudio,1BA$675
University Crossing IStudioStudio,1BA$685
Capitol Hill Senior Apartments1 Bedroom 1 Bath1BR,1BA$689
2214-2220 W Hopkins St. (8 Unit)1BR/1.0BA1BR,1BA$695
4603 N 29th St - 6 unit1BR/1.0BA1BR,1BA$695
Tioga ApartmentsStudioStudio,1BA$695
Lakeside ApartmentsStudioStudio,1BA$695
McGuire FlatsStudioStudio,1BA$695
Colonial ApartmentsStudio *StandardStudio,1BA$695
Parkside Commons Senior ApartmentsOne Bedroom1BR,1BA$698

Best Value Apartments for Rent in Milwaukee, WI

As of September 01, 2026 the best value apartment in the Milwaukee area is the $0.89 price per square foot 1668 N Van Buren St Model at 1668 N Van Buren St, Unit Upper Unit in the in the Haymarket neighborhood starting from $1,950. The second greatest value Milwaukee apartment is the 1844 N 59th St Model at 1844 N 59th St, Unit 1844 N 59th St starting at $1,350 with a $0.68 price per square foot in the Grasslyn Manor neighborhood. Here is today’s list of the best values for Milwaukee apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1668 N Van Buren St, Unit Upper Unit1668 N Van Buren St3BR,1BA$0.89
1844 N 59th St, Unit 1844 N 59th St1844 N 59th St2BR,1.5BA$0.68
212 N 63rd St, Unit 212 Lower212 N 63rd St2BR,1.5BA$0.97
6009 W Lapham St, Unit 60096009 W Lapham St3BR,1BA$0.98
University Row3 Bed 1 Bath3BR,1BA$0.87
2952 N Booth St, Unit 2952 N Booth St2952 N Booth St2BR,1BA$1.00
Columbia Square2 bedroom2BR,2BA$0.84
Rivercourt Apartments2 BR/1 BA2BR,1BA$0.95
RW Apartments I and II2x12BR,1BA$0.99
Capitol Hill Senior Apartments1 Bedroom 1 Bath1BR,1BA$0.96

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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Milwaukee Overview

One of the top five largest cities in the entire Midwestern U.S. region and far and away the biggest in the state of Wisconsin, living in Milwaukee apartments represents some of the best in the nation. From its long-standing reputation as a 'brewery city' to recent urban renewal and growth, this charming Midwest heartland destination is on the rise.

Why live in Milwaukee, WI?

From its huge public parks system (known as the 'Grand Necklace of Parks') to those oh-so-famous breweries, Milwaukee has something to offer for almost every walk of life. Farmer's markets and other weekly events cultivate a large degree of neighborhood camaraderie, while growing industries such as health care and regional universities help draw young people to Milwaukee on a steady basis. And with so many areas in which to find great deals for apartments in Milwaukee, you can't lose here!

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

Explore Milwaukee, WI Rentals by Map

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Frequently Asked Questions about Cheap Milwaukee Apartments

What is a cheap apartment in Milwaukee?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Milwaukee is under $698.

What is the price of a cheap apartment in Milwaukee?

The cheapest apartment in Milwaukee is Capitol Hill Senior Apartments which is listed at $689, while the average apartment in Milwaukee costs $1,612.

What types of apartments are the cheapest in Milwaukee?

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 6,296 regular apartments in Milwaukee 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 Milwaukee?

Cheap apartments in Milwaukee have an average cost of $339 which is $1,273 cheaper than the average rent for all rentals in Milwaukee.

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

decorative image for An Insider's Guide to Apartment Living Near Milwaukee's Four Employer Clusters article

An Insider's 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.

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

A Local Expert's 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.

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

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Finding The Best Affordable Milwaukee Neighborhoods to Rent

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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.

Articles, How-To's, and Tips

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