
Cheap 2 Bedroom Apartments for Rent in the Downtown Milwaukee Neighborhood of Milwaukee, WI from $627 (141 Rentals)


MLK Library Apartments

Lancaster Apartments

Edgeview Apartments

Total Monthly Price
2457 N 1st St, Unit front upper 2457

RW Apartments I and II

2536 N Richards St, Unit 1st floor

302 E Hadley St

Total Monthly Price
1608 N Franklin Pl., Unit Upper

3037 N 1st St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

2932 N Holton St

Total Monthly Price
2422 N Teutonia Ave, Unit Lower front

2966 N 9th St

2930 N 1st St, Unit Lower

338 W Reservoir Ave

2825 N Humboldt Blvd

2719 N 1st St

2840 N Vel R. Phillips Ave

2407 N 6th St, Unit Rear Unit

The Germania
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Michigan Street Commons

East Park Apartments

1686-1688 N Van Buren St

Carillon Apartments

City Place Apartments

2753 N Holton St

605 E Wright St

Total Monthly Price
3062 N Oakland Ave, Unit Upper unit

Royal Plaza Apartments

Belleview Terrace Apartments
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

653 W Bruce St

Total Monthly Price
3018A N Oakland Ave, Unit 3018A

Humboldt Apartments

City Hall Square Apartments

Carriage Court

The Ambassador Apartments

London House

815 E Locust St

The Shorecrest

The Residences at ThriveOn King
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.

2573 N Bartlett Ave

Total Monthly Price
329 E Garfield Ave, Unit 1

Maryland Park Apartments

Oakland Manor Apartments

1209-09B E Kane Pl

3817 N Humboldt Ave, Unit 5

Carlton Apartments

Total Monthly Price
1759 N Warren Ave, Unit A

The Astor Hotel Apartments

Ariel Place
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.
Downtown Milwaukee, Milwaukee, WI Local Guide

How much does it cost to rent an apartment in Downtown Milwaukee?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Milwaukee Studio Apartments | $1,420 | $675 | $5,138 |
| Downtown Milwaukee 1 Bedroom Apartments | $1,828 | $559 | $4,787 |
Downtown Milwaukee 2 Bedroom Apartments | $2,631 | $627 | $8,437 |
| Downtown Milwaukee 3 Bedroom Apartments | $3,051 | $699 | $10,000+ |
| Downtown Milwaukee 4 Bedroom Apartments | $4,091 | $1,400 | $10,000+ |
Explore Milwaukee
Downtown Milwaukee, Milwaukee, WI Local Guide
- Nearby Milwaukee neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Pet Friendly LifestyleDowntown Milwaukee, Milwaukee, WI
Ranked #6
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Milwaukee, Milwaukee, WI
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Milwaukee Apartments
What is a cheap apartment in Downtown Milwaukee?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Milwaukee is under $795.
What is the price of a cheap apartment in Downtown Milwaukee?
The cheapest apartment in Downtown Milwaukee is Lancaster Apartments which is listed at $850, while the average apartment in Downtown Milwaukee costs $2,371.
What types of apartments are the cheapest in Downtown 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 14 regular apartments in Downtown 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 Downtown Milwaukee?
Cheap apartments in Downtown Milwaukee have an average cost of $251 which is $2,120 cheaper than the average rent for all rentals in Downtown 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.
Helpful Local Expert Guides

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.

The Top Neighborhoods for Off-Campus Housing for Milwaukee-Area College Students
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, many of the Milwaukee neighborhoods profiled here have been home to friends and family.

A Local Expert's Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, Milwaukee's neighborhoods have been home to friends and family for years.

An Insider's Guide to Apartment Living Near Milwaukee's Four Employer Clusters
Written by: Tim Brown
Having grown up in Milwaukee and lived in Waukesha for several years, I have come to realize that the Milwaukee metro area offers diverse employment and housing opportunities.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.