Cheap Apartments for Rent in Milwaukee, WI from $300 (1,159 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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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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Brook Lane Apartments
$759 - $1,044
Total Monthly Price

Total Monthly Price

Base Rent
$667 - $952
Required Monthly Fees
$92
Total Monthly Price
$759 - $1,044
Studio to 2 Bedroom Apartments Available Now

Brook Lane Apartments

4475 W Dean RdMilwaukee, WI 53223
Affordability
  • Verified
  • Customer Reviewed
  • Low Income

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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Milwaukee, WI Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Milwaukee, WI

Pricing Updated: 04/03/2026

Current apartment rentals in the Milwaukee, WI area range in price from $432 to $15,000 with an overall median price of $2,363. The three Milwaukee neighborhoods with the lowest median rent pricing are Midtown Milwaukee at $805, Old North Milwaukee at $624, and Far North Side at $624. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Milwaukee Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Midtown Milwaukee$1,085$80519
Old North Milwaukee$1,179$6247
Far North Side$1,205$62414
Avenues West$1,250$67513
McGovern Park$1,283$62427
Menomonee River Hills East$1,300$62458
Alverno College$1,308$84525
Hampton Heights$1,316$62425
Jackson Park$1,392$8955
Melody View$1,400$85034

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. GARDEN PLACE APARTMENTS 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
Schuster Historic LoftsOne Bedroom1BR,1BA$486
GARDEN PLACE APARTMENTS1 BED 1 BATH1BR,1BA$490
The Park at 1824 Student ApartmentsRenovated 3 Bedroom Apartment3BR,2BA$615
CorlissTIMBERLINE1BR,1BA$623
University Crossing IStudioStudio,1BA$685
Fairmount ApartmentsEfficiencyStudio,1BA$695
McGuire FlatsStudioStudio,1BA$695
Lakeside ApartmentsStudioStudio,1BA$695
Parkside Commons Senior ApartmentsOne Bedroom1BR,1BA$698
The Astor Hotel ApartmentsEfficiency StudioStudio,1BA$700

Best Value Apartments for Rent in Milwaukee, WI

As of April 03, 2026 the best value apartment in the Milwaukee area is the $0.68 price per square foot 1032 S 23rd St Model at 1032 S 23rd St, Unit 1032 S 23rd St in the in the Haymarket neighborhood starting from $1,750. The second greatest value Milwaukee apartment is the 2769 N 27th St Model at 2769 N 27th St, Unit Upper starting at $1,300 with a $0.68 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.
1032 S 23rd St, Unit 1032 S 23rd St1032 S 23rd St5BR,1BA$0.68
2769 N 27th St, Unit Upper2769 N 27th St3BR,1BA$0.68
1713 Maple St, Unit #21713 Maple St2BR,1BA$0.88
2955 N 66th St, Unit 2012955 N 66th St2BR,1BA$0.70
University Row3 Bed 1 Bath3BR,1BA$0.87
Heritage at City Center - 55+ Senior Living2 Bedroom 1 Bath 50%2BR,2BA$0.94
Columbia Square1 Bed, 1 bath1BR,1BA$0.77
Rivercourt Apartments2 BR/1 BA2BR,1BA$0.95
GARDEN PLACE APARTMENTS2 BED 1 BATH2BR,1BA$0.86
Edgeview ApartmentsTwo Bedroom2BR,1BA$0.88

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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 $700.

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 $2,363.

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 3,588 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 $348 which is $2,015 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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Maximizing Your Refund: Essential Tax Tips for Renters

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.