Cheap Apartments for Rent in the Downtown Milwaukee Neighborhood of Milwaukee, WI from $400 (341 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Milwaukee area of 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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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property at 3019 N 9th St

3019 N 9th St

MilwaukeeWI53206

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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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 Edgewater East priced from $680. Buckingham 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
Edgewater EastOne Bedroom1BR,1BA$680
Buckingham ApartmentsSmall StudioStudio,1BA$695
Lakeside ApartmentsStudioStudio,1BA$695
Fairmount ApartmentsEfficiencyStudio,1BA$695
The Astor Hotel ApartmentsEfficiency StudioStudio,1BA$700
Colonial ApartmentsStudio *StandardStudio,1BA$725
1315 CassRENT SPECIAL- 106, 205Studio,1BA$745
Maryland Arms ApartmentsStudioStudio,1BA$750
Water Street ApartmentsStudioStudio,1BA$750
1417 N. Prospect Avenue1417 StudiosStudio,1BA$795

Best Value Apartments for Rent in Downtown Milwaukee, WI

As of November 28, 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
2345 N Murray Ave, Unit 12345 N Murray Ave3BR,1BA$1.17
Century Building2x22BR,2BA$0.87
Oakland Manor2 Bedroom 1 Bath2BR,1BA$1.03
The GermaniaTwo Bedroom2BR,1.5BA$1.16
Edgeview ApartmentsTwo Bedroom2BR,1BA$0.88
The Shorecrest1 BR / 1 BA1BR,1BA$1.09
The Park at 1824 Student Apartments2 Bedroom Apartment2BR,1BA$1.11

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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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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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 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 $680 at Edgewater East.

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 Edgeview 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 800 E Chambers St./3010 N Fratney St. (6 Unit) and starts from $1,095.

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.