Cheap Apartments for Rent in the Downtown Milwaukee Neighborhood of Milwaukee, WI from $400 (345 Rentals)

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

property at 602 S 9th St

602 S 9th St

MilwaukeeWI53204
Showing Results 1-50, Page 1 of 7

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 1 Bed unit found at RW Apartments I and II priced from $513. Edgewater East has the second lowest priced unit, which is a 1 Bed apartment currently listed from $680. Here are the most affordable Downtown Milwaukee apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
RW Apartments I and II1x1 674sf1BR,1BA$513
Edgewater EastOne Bedroom1BR,1BA$680
Lakeside ApartmentsStudioStudio,1BA$695
Buckingham ApartmentsSmall StudioStudio,1BA$695
Fairmount ApartmentsEfficiencyStudio,1BA$695
The Astor Hotel ApartmentsEfficiency StudioStudio,1BA$700
1315 CassFront EfficiencyStudio,1BA$700
Colonial ApartmentsStudio *StandardStudio,1BA$725
Maryland Arms ApartmentsStudioStudio,1BA$750
Water Street ApartmentsStudioStudio,1BA$750

Best Value Apartments for Rent in Downtown Milwaukee, WI

As of November 12, 2025 the best value apartment in the Downtown Milwaukee area is the $1.04 price per square foot 2700 N Prospect Ave Model at 2700 N Prospect Ave, Unit 2700 in the in the Haymarket neighborhood starting from $2,500. The second greatest value Downtown Milwaukee apartment is the 1203 E Brady St Model at 1203 E Brady St, Unit A starting at $1,600 with a $1.06 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.
2700 N Prospect Ave, Unit 27002700 N Prospect Ave4BR,2BA$1.04
1203 E Brady St, Unit A1203 E Brady St2BR,1.5BA$1.06
1726 N Arlington Pl, Unit LowerUnit1726 N Arlington Pl3BR,1BA$1.00
Summerfield2 Bed / 1 Bath + Den2BR,1BA$1.07
2567 N Frederick Ave, Unit 25672567 N Frederick Ave2BR,1BA$1.08
Century Building2x22BR,2BA$1.04
Oakland Manor2 Bedroom 1 Bath2BR,1BA$1.03
Edgeview ApartmentsTwo Bedroom2BR,1BA$0.88
The Shorecrest1 BR / 1 BA1BR,1BA$1.09
RW Apartments I and II1x1 683sf1BR,1BA$0.75

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Pet Friendly Lifestyle
Downtown Milwaukee, Milwaukee, WI

Ranked #4

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 $750.

What is the price of a cheap apartment in Downtown Milwaukee?

The cheapest apartment in Downtown Milwaukee is RW Apartments I and II which is listed at $512, while the average apartment in Downtown Milwaukee costs $2,917.

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 23 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 $143 which is $2,774 cheaper than the average rent for all rentals in Downtown Milwaukee.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.