Cheap Apartments for Rent in Milwaukee, WI from $300 (1,189 Rentals)

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Search the lowest-cost Apartments available for rent right now in 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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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Milwaukee, WI Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Milwaukee, WI

Pricing Updated: 04/19/2026

Current apartment rentals in the Milwaukee, WI area range in price from $432 to $25,015 with an overall median price of $2,360. The three Milwaukee neighborhoods with the lowest median rent pricing are Concordia at $805, Midtown Milwaukee at $779, and Old North Milwaukee at $624. 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$1,075$8053
Midtown Milwaukee$1,147$77915
Old North Milwaukee$1,179$6246
Uptown Milwaukee$1,245$9256
Avenues West$1,250$67518
Alverno College$1,271$84542
Far North Side$1,289$62416
McGovern Park$1,375$62428
Jackson Park$1,383$8958
Enderis Park$1,400$1,0502

Cheapest Available Milwaukee Apartments for Rent

 

The cheapest available apartment rental in Milwaukee, WI is a 1 Bed unit found at Schuster Historic Lofts in the Near South Side neighborhood priced from $486. Westown Green in the Haymarket neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $502. Here is today’s list of the most affordable Milwaukee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Schuster Historic LoftsOne Bedroom1BR,1BA$486
Westown Green4BR 2BA The Stormer Special 80 AMI4BR,2BA$502
CWC Community Within the CorridorBurleigh2BR,1BA$578
The Park at 1824 Student ApartmentsRenovated 3 Bedroom Apartment3BR,2BA$615
CorlissFOUNDRY1BR,1BA$623
University Crossing IStudioStudio,1BA$685
Fairmount ApartmentsEfficiencyStudio,1BA$695
2214-2220 W Hopkins St. (8 Unit)1BR/1.0BA1BR,1BA$695
McGuire FlatsStudioStudio,1BA$695
Lakeside ApartmentsStudioStudio,1BA$695

Best Value Apartments for Rent in Milwaukee, WI

As of April 19, 2026 the best value apartment in the Milwaukee area is the $1.03 price per square foot Unit 1 Model at 1700 - 1702 N Farwell Ave in the in the Haymarket neighborhood starting from $1,950. The second greatest value Milwaukee apartment is the 6011 W Lapham St Model at 6011 W Lapham St, Unit upper starting at $1,400 with a $0.93 price per square foot in the National Park 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.
1700 - 1702 N Farwell AveUnit 12BR,1.5BA$1.03
6011 W Lapham St, Unit upper6011 W Lapham St3BR,1BA$0.93
2955 N 66th St, Unit 2012955 N 66th St2BR,1BA$0.70
University Row3 Bed 1 Bath3BR,1BA$0.87
Heritage at City Center - 55+ Senior Living2 Bedroom 1 Bath 50%2BR,2BA$0.94
Columbia Square1 Bed, 1 bath1BR,1BA$0.77
Rivercourt Apartments2 BR/1 BA2BR,1BA$0.95
Grand Avenue Lofts2x1A2BR,1BA$1.04
Edgeview ApartmentsTwo Bedroom2BR,1BA$0.88
3935 N 13th St, Unit Lower3935 N 13th St2BR,1BA$0.99

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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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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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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See the most popular apartments and homes in Milwaukee, WI

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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 $695.

What is the price of a cheap apartment in Milwaukee?

The cheapest apartment in Milwaukee is Schuster Historic Lofts which is listed at $486, while the average apartment in Milwaukee costs $2,360.

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 5,365 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 $368 which is $1,992 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

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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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.