Cheap Apartments for Rent in Milwaukee, WI from $300 (1,164 Rentals)

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Search the lowest-cost Apartments available for rent right now in Milwaukee.

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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property at 2474 S 5th Pl

2474 S 5th Pl

MilwaukeeWI53207

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

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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: 08/01/2025

Current apartment rentals in the Milwaukee, WI area range in price from $410 to $28,920 with an overall median price of $2,468. The three Milwaukee neighborhoods with the lowest median rent pricing are Valhalla at $925, Far North Side at $482, and Old North Milwaukee at $482. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Milwaukee Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Valhalla$1,150$9252
Far North Side$1,167$4829
Old North Milwaukee$1,167$4827
Wahl Park$1,199$48243
Roosevelt Grove$1,200$65087
Grasslyn Manor$1,250$65085
Hampton Heights$1,250$48230
Uptown Milwaukee$1,250$95011
Silver Spring$1,295$1,1504
McGovern Park$1,301$48237

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. Garden Place (55+) in the River View neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $490. Here is today’s list of the most affordable Milwaukee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Edison School Apartments1Bd/1Bth1BR,1BA$482
Garden Place (55+)One Bedroom - Income Restricted1BR,1BA$490
Becher Terrace (55+)One Bedroom1BR,1BA$655
MLK Library Apartments2x1-V2BR,1BA$667
Edgewater EastOne Bedroom1BR,1BA$680
University Crossing IStudioStudio,1BA$685
Marquee CommunitiesStudioStudio,1BA$685
McGuire FlatsStudioStudio,1BA$695
Buckingham ApartmentsSmall StudioStudio,1BA$695

Best Value Apartments for Rent in Milwaukee, WI

As of August 01, 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
2457 N 1st St, Unit front back2457 N 1st St1BR,1BA$0.60
106-108 W Keefe Ave, Unit Rear Upper106-108 W Keefe Ave2BR,1BA$0.92
Aspen CrossingThree Bedroom3BR,1.5BA$0.85
Edison School Apartments1Bd/1Bth1BR,1BA$0.63
Garden Place (55+)One Bedroom - Income Restricted1BR,1BA$0.72

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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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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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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 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 Edison School Apartments which is listed at $482, while the average apartment in Milwaukee costs $2,468.

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 3,398 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 $326 which is $2,142 cheaper than the average rent for all rentals in Milwaukee.

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.