Cheap Apartments for Rent in the Downtown Milwaukee Neighborhood of Milwaukee, WI from $522 (372 Rentals)

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

An Insider's Guide to Apartment Living Near Milwaukee's Four Employer Clusters

Discover Milwaukee apartment living from Downtown lofts to affordable suburban homes. We detail neighborhoods near the four major employment hubs: urban, leafy, and everything in between.

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property at 1835 N 2nd St
$800 - $820
Studio Rentals
Available Sep 15
Affordability

1835 N 2nd St

MilwaukeeWI53212

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.

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1310 W Clarke St, Unit 1310A
$850

Total Monthly Price

Base Rent$850
Total Monthly Price$850
2 Bedroom Apartment Available Oct 1

1310 W Clarke St, Unit 1310A

1310 W Clarke StMilwaukee, WI 53206
Cost Per Sq.Ft.
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A Local Expert's Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit

Uncover Milwaukee's affordable, vibrant neighborhoods and down-to-earth charm. Get a local expert's take on the city's renaissance, favorite traditions, and famous Gemütlichkeit (cozy spirit).

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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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Downtown Milwaukee, Milwaukee, WI Local Guide

Cheapest Available Downtown Milwaukee Apartments for Rent

 

The cheapest available apartment rental in the Downtown Milwaukee area of Milwaukee, WI is a Studio unit found at Fairmount Apartments priced from $675. Lakeside Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here are the most affordable Downtown Milwaukee apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Fairmount ApartmentsStudioStudio,1BA$675
Lakeside ApartmentsStudioStudio,1BA$695
Colonial ApartmentsStudio *StandardStudio,1BA$695
The Astor Hotel ApartmentsEfficiency StudioStudio,1BA$700
Eastwood ApartmentsNo available unitsStudio,1BA$715
Pleasant ApartmentsStudio ApartmentStudio,1BA$725
Marshall Hall ApartmentsStudioStudio,1BA$795
Van Buren ApartmentsStudioStudio,1BA$795
Prospect Kane Apartments1BR/1BA1BR,1BA$795
1417 N. Prospect Avenue1417 StudiosStudio,1BA$795

Best Value Apartments for Rent in Downtown Milwaukee, WI

As of September 14, 2026 the best value apartment in the Downtown Milwaukee area is the $1.20 price per square foot TownHome Model at Shepard Townhomes in the in the Downtown Milwaukee neighborhood starting from $3,295. The second greatest value Downtown Milwaukee apartment is the 1668 N Van Buren St Model at 1668 N Van Buren St, Unit Upper Unit starting at $1,950 with a $0.89 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for Downtown Milwaukee apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shepard TownhomesTownHome4BR,2.5BA$1.20
1668 N Van Buren St, Unit Upper Unit1668 N Van Buren St3BR,1BA$0.89
2960 N Maryland Ave, Unit 29622960 N Maryland Ave5BR,2BA$1.18
Bronzeville ApartmentsLive-Work Apartments3BR,2BA$1.17
San Rafael Apartments3BR/1.0BA3BR,1BA$1.19
2952 N Booth St, Unit 2952 N Booth St2952 N Booth St2BR,1BA$0.92
Century Building2x22BR,2BA$0.87
329 E Garfield Ave, Unit 1329 E Garfield Ave2BR,1.5BA$1.18
2407 N 6th St, Unit Rear Lower Unit2407 N 6th St2BR,1BA$1.11
2911 N 9th St, Unit 2911-A2911 N 9th St2BR,1BA$1.13

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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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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Real 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.

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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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Pet Friendly Lifestyle
Downtown Milwaukee, Milwaukee, WI

Ranked #6

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Milwaukee, Milwaukee, WI

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States, including Milwaukee. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, and much more. These search options are in the site filters at the top of this page.

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 Beerline B Apartments which is listed at $522, while the average apartment in Downtown Milwaukee costs $1,820.

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 20 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 $208 which is $1,612 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

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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.

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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.

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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.

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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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.