Cheap Homes for Rent in Downtown Milwaukee Neighborhood of Milwaukee, WI from $700 (33 Rentals)

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

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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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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property at 1539 Jackson N St

1539 Jackson N St

MilwaukeeWI53202

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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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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Showing Results 1-33, Page 1 of 1

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 July 01, 2025 the best value apartment in the Downtown Milwaukee area is the $0.56 price per square foot 912 W Hadley St Model at 912 W Hadley St, Unit 1 in the in the Haymarket neighborhood starting from $1,250. The second greatest value Downtown Milwaukee apartment is the 709 E Brady St Model at 709 E Brady St, Unit 1 starting at $1,400 with a $0.78 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.
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
3127 N Bartlett Ave, Unit 23127 N Bartlett Ave3BR,1BA$1.12
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

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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Frequently Asked Questions about Downtown Milwaukee

What type of rentals are currently available in Downtown Milwaukee?

There are currently 918 Apartments for Rent in Downtown Milwaukee, WI with pricing that ranges from $525 to $15,000. There are also 90 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Milwaukee ranging from $750 to $4,900.

What is the current price range for Rental Homes in Downtown Milwaukee?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Milwaukee ranges from $750 to $4,900 with an average monthly rent of $1,860.

How much are larger Three and Four Bedroom Rentals in Downtown Milwaukee?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Milwaukee range from $1,180 to $15,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,098 to $4,900. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,845.

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.