Cheap Apartments for Rent in Milwaukee, WI from $300 (1,104 Rentals)

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

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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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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Milwaukee, WI Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Milwaukee, WI

Pricing Updated: 01/05/2026

Current apartment rentals in the Milwaukee, WI area range in price from $414 to $15,000 with an overall median price of $3,270. The three Milwaukee neighborhoods with the lowest median rent pricing are Concordia at $465, Valhalla at $950, and Roosevelt Grove at $650. 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$725$4652
Valhalla$1,099$9503
Roosevelt Grove$1,100$65060
Far North Side$1,130$57713
Old North Milwaukee$1,130$5776
Uptown Milwaukee$1,200$80016
Wahl Park$1,250$57731
Garden Homes$1,283$56062
Hampton Heights$1,295$57729
Menomonee River Hills East$1,295$57748

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 Park at 1824 Student Apartments in the Haymarket neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $615. 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 Park at 1824 Student ApartmentsRenovated 3 Bedroom Apartment3BR,2BA$615
CorlissSAWYER1BR,1BA$623
Edgewater EastOne Bedroom1BR,1BA$680
University Crossing IStudioStudio,1BA$685
Buckingham ApartmentsSmall StudioStudio,1BA$695
1315 Cass105Studio,1BA$695
Lakeside ApartmentsStudioStudio,1BA$695
McGuire FlatsStudioStudio,1BA$695

Best Value Apartments for Rent in Milwaukee, WI

As of January 05, 2026 the best value apartment in the Milwaukee area is the $0.83 price per square foot 3836 N Maryland Ave Model at 3836 N Maryland Ave, Unit Upper in the in the Cambridge Woods neighborhood starting from $1,500. The second greatest value Milwaukee apartment is the 2Bd/1Bth Model at McKinley School Apartments, LLC starting at $948 with a $0.63 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.
3836 N Maryland Ave, Unit Upper3836 N Maryland Ave2BR,1BA$0.83
McKinley School Apartments, LLC2Bd/1Bth2BR,1BA$0.63
University Row3 Bed 1 Bath3BR,1BA$0.83
4552 W Wells St, Unit 64552 W Wells St2BR,1BA$0.98
5950 N 69th St, Unit 59505950 N 69th St2BR,1BA$0.92
Century Building2x22BR,2BA$0.87
Columbia Square1 Bed, 1 bath1BR,1BA$0.77
1921-1923 W Greenfield Ave. (5 Unit)2BR/1.0BA2BR,1BA$0.83
3718 N 2nd Ln, Unit 13718 N 2nd Ln2BR,1BA$0.95
Edgeview ApartmentsTwo Bedroom2BR,1BA$0.88

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 $3,270.

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 3,759 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 $395 which is $2,875 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.

Articles, How-To's, and Tips

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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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.