Cheap Apartments for Rent in Milwaukee, WI from $300 (1,089 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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Check Out Milwaukee’s Best Affordable Neighborhoods

Learn about Milwaukee and the best places to live with original content written by our Local Expert Tim Brown

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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: 06/16/2025

Current apartment rentals in the Milwaukee, WI area range in price from $750 to $5,000 with an overall median price of $2,196. The three Milwaukee neighborhoods with the lowest median rent pricing are Avenues West at $1,345, Fairfield at $1,000, and Bradley Estates at $1,000. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Milwaukee Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Avenues West$1,345$1,3451
Fairfield$1,345$1,0007
Bradley Estates$1,395$1,0003
Brown Deer Park$1,395$1,0003
Town Country Manor$1,395$1,1953
Tripou Park$1,395$1,0003
University Hill$1,395$1,3451
Calumet Farms$1,400$1,4001
Freedom Village$1,400$1,0005
Granville$1,400$1,4001

Cheapest Available Milwaukee Apartments for Rent

 

The cheapest available apartment rental in Milwaukee, WI is a Studio unit found at Garden Place (55+) in the River View neighborhood priced from $410. Chapel Garden Apartments in the Near South Side neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $523. Here is today’s list of the most affordable Milwaukee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Garden Place (55+)Studio - Income RestrictedStudio,1BA$410
Chapel Garden ApartmentsLifestyle: Senior - 1 BR1BR,1BA$523
The Residences at ThriveOn KingOne Bedroom Loft1BR,1BA$525
Colonial ApartmentsStudio *StandardStudio,1BA$595
GARDEN TERRACE SENIOR APARTMENTS1 BED 1 BATH1BR,1BA$622
Becher Terrace (55+)One Bedroom1BR,1BA$655
Buckingham ApartmentsSmall StudioStudio,1BA$695
Lakeside ApartmentsStudioStudio,1BA$695

Best Value Apartments for Rent in Milwaukee, WI

As of June 17, 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 $1,400 with a $0.78 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$0.78
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
McKinley School Apartments, LLC2Bd/1Bth2BR,1BA$0.63
2970 N 37th St, Unit 2972 N 37th Street2970 N 37th St3BR,1BA$0.71
The GermaniaTwo Bedroom2BR,1.5BA$0.94
1945 N 5th St, Unit 41945 N 5th St1BR,1BA$0.92
Chapel Garden ApartmentsLifestyle: Senior - 1 BR1BR,1BA$0.71
GARDEN TERRACE SENIOR APARTMENTS1 BED 1 BATH1BR,1BA$0.86

Quick Rent Budget Calculator

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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 the Cheapest Studio apartment in Milwaukee?

Currently the most affordable Cheap Studio Apartment in Milwaukee is at Garden Place (55+) listed at $410.

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

The lowest price for a Cheap One Bedroom Milwaukee Apartment is $523 at Chapel Garden 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 $725 at Becher Terrace (55+).

What is the most affordable Milwaukee Three Bedroom Apartment?

The best deal on a cheap Milwaukee Three Bedroom Apartment rental is at Rooted & Rising Apartments & Townhomes and starts from $1,050.

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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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.