Cheap Apartments for Rent in Milwaukee, WI from $300 (1,177 Rentals)

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property at 2474 S 5th Pl

2474 S 5th Pl

MilwaukeeWI53207
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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: 08/04/2025

Current apartment rentals in the Milwaukee, WI area range in price from $600 to $8,000 with an overall median price of $2,621. The three Milwaukee neighborhoods with the lowest median rent pricing are Menomonee River Valley at $600, Yankee Hill at $1,335, and Saint Joseph at $1,350. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Milwaukee Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Menomonee River Valley$1,300$6002
Yankee Hill$1,335$1,3351
Saint Joseph$1,450$1,3502
Calumet Farms$1,475$1,3981
Far Northwest Side$1,475$9003
Granville$1,475$1,3981
Hilltop Parish$1,475$9002
Melody View$1,475$9005
Ridgebiew$1,475$9001
River View$1,475$1,3981

Cheapest Available Milwaukee Apartments for Rent

 

The cheapest available apartment rental in Milwaukee, WI is a 1 Bed unit found at Edison School Apartments in the Far North Side neighborhood priced from $482. Schuster Lofts in the Near South Side neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $486. Here is today’s list of the most affordable Milwaukee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Edison School Apartments1Bd/1Bth1BR,1BA$482
Schuster LoftsOne Bedroom1BR,1BA$486
Garden Place (55+)One Bedroom - Income Restricted1BR,1BA$490
RW Apartments I and II1x1 683sf1BR,1BA$513
Maria Linden Senior Apartments1B Affordable1BR,1BA$562
GARDEN TERRACE SENIOR APARTMENTS1 BED 1 BATH1BR,1BA$622
MLK Library Apartments2x1-V2BR,1BA$667
Edgewater EastOne Bedroom1BR,1BA$680
Marquee CommunitiesStudioStudio,1BA$685

Best Value Apartments for Rent in Milwaukee, WI

As of August 04, 2025 the best value apartment in the Milwaukee area is the $0.53 price per square foot Townhome Model at Rooted & Rising Apartments & Townhomes in the in the Grasslyn Manor neighborhood starting from $1,050. The second greatest value Milwaukee apartment is the 709 E Brady St Model at 709 E Brady St, Unit 1 starting at $1,300 with a $0.72 price per square foot in the Haymarket 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.
Rooted & Rising Apartments & TownhomesTownhome3BR,2.5BA$0.53
709 E Brady St, Unit 1709 E Brady St3BR,1BA$0.72
3718 W Vliet St, Unit A3718 W Vliet St3BR,1BA$0.89
4437 N Murray Ave, Unit lower4437 N Murray Ave2BR,1BA$0.90
2869 N 21st St, Unit lower2869 N 21st St2BR,1BA$0.74
2955 N 66th St, Unit 2012955 N 66th St2BR,1BA$0.70
2457 N 1st St, Unit front back2457 N 1st St1BR,1BA$0.60
Aspen CrossingThree Bedroom3BR,1.5BA$0.85
GARDEN TERRACE SENIOR APARTMENTS1 BED 1 BATH1BR,1BA$0.86
Garden Place (55+)One Bedroom - Income Restricted1BR,1BA$0.72

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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!

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Getting Around Milwaukee, WI

Walk Score®

70 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

62 / 100

Bikeable

Some bike infrastructure

Transit Score®

48 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Milwaukee Apartments

What is the Cheapest Studio apartment in Milwaukee?

Currently the most affordable Cheap Studio Apartment in Milwaukee is at Marquee Communities listed at $685.

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

The lowest price for a Cheap One Bedroom Milwaukee Apartment is $482 at Edison School Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Milwaukee is starting from $667 at MLK Library Apartments.

What is the most affordable Milwaukee Three Bedroom Apartment?

The best deal on a cheap Milwaukee Three Bedroom Apartment rental is at Aspen Crossing and starts from $914.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.