Cheap Apartments for Rent in the Fernwood Neighborhood of Milwaukee, WI from $500 (27 Rentals)

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

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2892 S Delaware Ave
Studio to 1 Bedroom Apartments

2892 S Delaware Ave

2892 S Delaware AveMilwaukee, WI 53207
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2636 S. Logan
Studio to 2 Bedroom Apartments

2636 S. Logan

2636 S Logan AveMilwaukee, WI 53207
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Golden Domes
Studio to 3 Bedroom Apartments

Golden Domes

1620 S 6th StMilwaukee, WI 53204
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Pinall Gardens
1 to 3 Bedroom Apartments

Pinall Gardens

4152 S Whitnall AveMilwaukee, WI 53207
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W.G. Apartments
1 Bedroom Apartments

W.G. Apartments

2828 E Bolivar AveSt. Francis, WI 53235
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Lakeside Apartments
1 to 2 Bedroom Apartments

Lakeside Apartments

4025 S Packard StSt. Francis, WI 53235
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3719 E Layton Ave
1 Bedroom Apartments

3719 E Layton Ave

3719 E Layton AveCudahy, WI 53110
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Showing Results 1-27, Page 1 of 1

Fernwood, Milwaukee, WI Local Guide

Cheapest Available Fernwood Apartments for Rent

 

The cheapest available apartment rental in the Fernwood area of Milwaukee, WI is a 1 Bed unit found at Lake Park Apartments priced from $850. The Landing at 1st Street has the second lowest priced unit, which is a Studio apartment currently listed from $860. Here are the most affordable Fernwood apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Lake Park Apartments1BR/1BA1BR,1BA$850
The Landing at 1st StreetStudioStudio,1BA$860
Thompson Meadows Apartments: 55+ AdultOne Bedroom1BR,1BA$975
Plaza IV Apartments in St. Francis.1 Bed 1 Bath with Balcony/Patio1BR,1BA$999
Hide House Lofts BayviewOne Bedroom One Bath1BR,1BA$1,009
Buckhorn Station Apartment HomesOne Bedroom1BR,1BA$1,152
CorlissCarriage2BR,2BA$1,153
Dwell Bay ViewAStudio,1BA$1,275
South Pine Apartments2 Bed 1 Bath2BR,1BA$1,299

Best Value Apartments for Rent in Fernwood, WI

As of November 13, 2025 the best value apartment in the Fernwood area is the $1.29 price per square foot 3078 S Kinnickinnic Ave Model at 3078 S Kinnickinnic Ave, Unit Upper in the in the Far South Side neighborhood starting from $1,800. The second greatest value Fernwood apartment is the 2159 S Mound St Model at 2159 S Mound St, Unit LOWER starting at $2,145 with a $1.65 price per square foot in the Clarke Square neighborhood. Here is today’s list of the best values for Fernwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3078 S Kinnickinnic Ave, Unit Upper3078 S Kinnickinnic Ave3BR,1BA$1.29
2159 S Mound St, Unit LOWER2159 S Mound St3BR,2BA$1.65
South Pine Apartments2 Bed 1 Bath2BR,1BA$1.53
3401 S Howell Ave, Unit 23401 S Howell Ave2BR,1BA$1.74
Buckhorn Station Apartment HomesOne Bedroom1BR,1BA$1.41
Hide House Lofts BayviewOne Bedroom One Bath1BR,1BA$1.32
CorlissFoundry1BR,1BA$1.83
Lake Park Apartments1BR/1BA1BR,1BA$1.31
Plaza IV Apartments in St. Francis.1 Bed 1 Bath with Balcony/Patio1BR,1BA$1.62
Thompson Meadows Apartments: 55+ AdultOne Bedroom1BR,1BA$1.59

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
Fernwood, Milwaukee, WI

Ranked #54

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
Fernwood, 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 areas across the United States including Fernwood, Milwaukee, and the greater Milwaukee area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. These search options are in the site filters at the top of this page.

Getting Around the Fernwood Neighborhood in Milwaukee, WI

Walk Score®

74 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

75 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

42 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Fernwood Apartments

What is a cheap apartment in Fernwood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fernwood is under $1,299.

What is the price of a cheap apartment in Fernwood?

The cheapest apartment in Fernwood is Lake Park Apartments which is listed at $850, while the average apartment in Fernwood costs $2,495.

What types of apartments are the cheapest in Fernwood?

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 20 regular apartments in Fernwood 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 Fernwood?

Cheap apartments in Fernwood have an average cost of $245 which is $2,250 cheaper than the average rent for all rentals in Fernwood.

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.