Cheap Homes for Rent in Downtown Milwaukee Neighborhood of Milwaukee, WI from $700 (38 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Milwaukee area of Milwaukee.

1037 W Wright St

608-610 W Burleigh St.

2640 N Holton St

2457 N 1st St, Unit upper front

1104 W Chambers St
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.

2723 N Booth St

1693 N Cass St

705 E Center St

2576 N Pierce St

1539 Jackson N St
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.

2474 N Bartlett Ave

1128 E Clarke St

1409 N Prospect Ave, Unit 104

2581 N Bartlett Ave
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.

2726 N Murray Ave

1022 E Center St

1813 East Greenwich Ave

2719 N Vel R. Phillips Ave
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.

1022 E Center St, Unit 1022

516 W Vine St
Downtown Milwaukee, Milwaukee, WI Local Guide

How much does it cost to rent a home in Downtown Milwaukee?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Milwaukee 2 Bedroom Homes for Rent | $1,551 | $750 | $2,400 |
Downtown Milwaukee 3 Bedroom Homes for Rent | $2,174 | $1,395 | $3,750 |
Downtown Milwaukee 4 Bedroom Homes for Rent | $2,884 | $1,698 | $4,900 |
Downtown Milwaukee 5 Bedroom Homes for Rent | $2,447 | $2,000 | $2,695 |
Downtown Milwaukee 6 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 38 rentals with your search options within a 1 mile radius of the Downtown Milwaukee Neighborhood of Milwaukee, WI.
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Downtown Milwaukee, Milwaukee, WI Local Guide
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Cheapest Available Downtown Milwaukee Apartments for Rent
 The cheapest available apartment rental in the Downtown Milwaukee area of Milwaukee, WI is a 2 Beds unit found at MLK Library Apartments priced from $667. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
MLK Library Apartments | 2x1-V | 2BR,1BA | $667 |
Edgewater East | One Bedroom | 1BR,1BA | $680 |
Buckingham Apartments | Small Studio | Studio,1BA | $695 |
Fairmount Apartments | Efficiency | Studio,1BA | $695 |
The Astor Hotel Apartments | Efficiency Studio | Studio,1BA | $700 |
Colonial Apartments | Studio *Standard | Studio,1BA | $725 |
Maryland Arms Apartments | Studio | Studio,1BA | $750 |
Brewer's Hill | Studio | Studio,1BA | $775 |
1417 N. Prospect Avenue | 1417 Studios | Studio,1BA | $775 |
Edgeview Apartments | No Availability | 1BR,1BA | $825 |
Best Value Apartments for Rent in Downtown Milwaukee, WI
As of July 30, 2025 the best value apartment in the Downtown Milwaukee area is the $1.13 price per square foot 2700 N Prospect Ave Model at 2700 N Prospect Ave, Unit 2700 in the in the Haymarket neighborhood starting from $2,700. The second greatest value Downtown Milwaukee apartment is the 709 E Brady St Model at 709 E Brady St, Unit 1 starting at $1,300 with a $0.72 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
2700 N Prospect Ave, Unit 2700 | 2700 N Prospect Ave | 4BR,2BA | $1.13 |
709 E Brady St, Unit 1 | 709 E Brady St | 3BR,1BA | $0.72 |
1712 E Park Pl, Unit 1 | 1712 E Park Pl | 3BR,1BA | $1.06 |
***$1000 OFF FIRST MONTH**2534 N Prospect-... | 3BR/1.0BA | 3BR,1BA | $1.22 |
2457 N 1st St, Unit front back | 2457 N 1st St | 1BR,1BA | $0.60 |
2819 N Cramer St, Unit Lower | 2819 N Cramer St | 3BR,1BA | $1.23 |
Viking | 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.20 |
The Germania | Two Bedroom | 2BR,1.5BA | $0.92 |
Oakland Manor | 2 Bedroom 1 Bath | 2BR,1BA | $1.05 |
The Park at 1824 Student Apartments | 2 Bedroom Apartment | 2BR,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.
Frequently Asked Questions about Downtown Milwaukee
What type of rentals are currently available in Downtown Milwaukee?
There are currently 915 Apartments for Rent in Downtown Milwaukee, WI with pricing that ranges from $513 to $19,530. There are also 117 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 $2,233.
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 $1,395 to $3,750. Four Bedroom Single-Family rentals are also available starting from $1,698 and Four Bedroom Apartments start at $1,600.
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.

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.

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.