Cheap Apartments for Rent in Milwaukee, WI from $300 (1,137 Rentals)

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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: 11/17/2025

Current apartment rentals in the Milwaukee, WI area range in price from $700 to $6,000 with an overall median price of $2,168. The three Milwaukee neighborhoods with the lowest median rent pricing are Town Country Manor at $975, Tripou Park at $900, and Melody View at $900. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Milwaukee Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Town Country Manor$1,225$97510
Tripou Park$1,225$9006
Melody View$1,260$9007
Dretzka Park$1,295$1,2951
Hilltop Parish$1,295$9003
Northridge$1,295$9003
Northridge Lakes$1,295$9004
Park Place$1,295$1,2752
Servite Woods$1,295$9003
Wyrick Park$1,310$97512

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. The Regent Senior & The Oxford in the Mount Mary College neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $530. Here is today’s list of the most affordable Milwaukee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Schuster Historic LoftsOne Bedroom1BR,1BA$486
The Regent Senior & The Oxford1 Bedroom - Income restricted 30% 551BR,1BA$530
GARDEN TERRACE SENIOR APARTMENTS1 BED 1 BATH1BR,1BA$622
Edgewater EastOne Bedroom1BR,1BA$680
University Crossing IStudioStudio,1BA$685
Buckingham ApartmentsSmall StudioStudio,1BA$695
Fairmount ApartmentsEfficiencyStudio,1BA$695
Lakeside ApartmentsStudioStudio,1BA$695
McGuire FlatsStudioStudio,1BA$695

Best Value Apartments for Rent in Milwaukee, WI

As of November 17, 2025 the best value apartment in the Milwaukee area is the $0.67 price per square foot 1657 S 11th St Model at 1657 S 11th St, Unit B in the in the Near South Side neighborhood starting from $1,000. The second greatest value Milwaukee apartment is the 3 Bed 1 Bath Model at University Row starting at $1,195 with a $0.83 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.
1657 S 11th St, Unit B1657 S 11th St2BR,1BA$0.67
University Row3 Bed 1 Bath3BR,1BA$0.83
312 E Townsend St, Unit 312 e. Townsend312 E Townsend St3BR,1BA$0.89
4650 N 39th St, Unit 39th Street4650 N 39th St2BR,1BA$0.92
4370 N 28th St, Unit Upper4370 N 28th St2BR,1BA$0.88
1544 S 21st St, Unit UPPER1544 S 21st St2BR,1BA$0.73
Century Building2x22BR,2BA$0.87
Edgeview ApartmentsTwo Bedroom2BR,1BA$0.88
GARDEN TERRACE SENIOR APARTMENTS1 BED 1 BATH1BR,1BA$0.86
RW Apartments I and II1x1 683sf1BR,1BA$0.75

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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 University Crossing I 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 $486 at Schuster Historic Lofts.

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 $800 at Aspen Crossing.

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 $950.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.