Cheap Apartments for Rent in the Downtown Milwaukee Neighborhood of Milwaukee, WI from $400 (365 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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1315 Cass
Studio Apartments

1315 Cass

1315 N Cass StMilwaukee, WI 53202
  • Utilities Included

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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1628 Franklin
Studio to 1 Bedroom Apartments

1628 Franklin

1628 N Franklin PlMilwaukee, WI 53202
  • Utilities Included

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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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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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 The Residences at ThriveOn King priced from $525. 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
The Residences at ThriveOn KingOne Bedroom Loft1BR,1BA$525
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
1417 N. Prospect Avenue1417 StudiosStudio,1BA$775
Royal Plaza ApartmentsStudioAStudio,1BA$825
Lancaster Apartments2BR/1BA2BR,1BA$850
Prospect DownsOne-Bedroom1BR,1BA$850

Best Value Apartments for Rent in Downtown Milwaukee, WI

As of June 28, 2025 the best value apartment in the Downtown Milwaukee area is the $0.96 price per square foot 600 E Ogden Ave Model at 600 E Ogden Ave, Unit UW in the in the Haymarket neighborhood starting from $2,700. The second greatest value Downtown Milwaukee apartment is the 912 W Hadley St Model at 912 W Hadley St, Unit 1 starting at $1,250 with a $0.56 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.
600 E Ogden Ave, Unit UW600 E Ogden Ave3BR,2BA$0.96
912 W Hadley St, Unit 1912 W Hadley St2BR,1BA$0.56
709 E Brady St, Unit 1709 E Brady St3BR,1BA$0.78
2457 N 1st St, Unit front back2457 N 1st St1BR,1BA$0.60
The GermaniaOne Bedroom1BR,1.5BA$0.88
1682 N Franklin Pl, Unit Lower1682 N Franklin Pl2BR,1BA$1.04
Oakland Manor2 Bedroom 1 Bath2BR,1BA$1.05
Michigan Street Commons2/12BR,1BA$1.11
2944 N 7th St, Unit 2944A N 7th St. Upper2944 N 7th St2BR,1BA$0.90
The Park at 1824 Student Apartments2 Bedroom Apartment2BR,1BA$1.11

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown Milwaukee, Milwaukee, WI

Ranked #1

Among neighborhoods in Milwaukee, WI 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 the Cheapest Studio apartment in Downtown Milwaukee?

Currently the most affordable Cheap Studio Apartment in Downtown Milwaukee is at Lakeside Apartments listed at $695.

How much is rent for a Cheap One Bedroom Downtown Milwaukee Apartment?

The lowest price for a Cheap One Bedroom Downtown Milwaukee Apartment is $525 at The Residences at ThriveOn King.

What is the lowest price for a Cheap Two Bedroom Downtown Milwaukee Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Milwaukee is starting from $850 at Lancaster Apartments.

What is the most affordable Downtown Milwaukee Three Bedroom Apartment?

The best deal on a cheap Downtown Milwaukee Three Bedroom Apartment rental is at MLK Library Apartments and starts from $1,198.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.