Cheap Apartments for Rent in the Fernwood Neighborhood of Milwaukee, WI from $500 (69 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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1031 E Idaho St, Unit lower
$1,375
Total Monthly Price

Total Monthly Price

Base Rent
$1,375

Total Monthly Price
$1,375
2 Bedroom Apartment Available Now

1031 E Idaho St, Unit lower

1031 E Idaho StMilwaukee, WI 53207
Cost Per Sq.Ft.
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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.

property at 1703 E Morgan Ave

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 1 Bath Townhome for Rent

Available Aug 31

1703 E Morgan Ave

MilwaukeeWI53207
property at 3474 S Indiana Ave

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 1 Bath Townhome for Rent

Available Sep 1

3474 S Indiana Ave

MilwaukeeWI53207
property at 4252 1st St

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

2 Bedroom, 1 Bath Townhome for Rent

Available Now

4252 1st St

MilwaukeeWI53202

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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2507 S Howell Ave, Unit B
$1,795
Total Monthly Price

Total Monthly Price

Base Rent
$1,795

Total Monthly Price
$1,795
1 Bedroom Apartment Available Aug 1

2507 S Howell Ave, Unit B

2507 S Howell AveMilwaukee, WI 53207
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2766 S Logan Ave, Unit Upper
$1,795
Total Monthly Price

Total Monthly Price

Base Rent
$1,795

Total Monthly Price
$1,795
1 Bedroom Apartment Available Aug 6

2766 S Logan Ave, Unit Upper

2766 S Logan AveMilwaukee, WI 53207
Furnished
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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
  • Utilities Included
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Pinall Gardens
1 to 3 Bedroom Apartments

Pinall Gardens

4152 S Whitnall AveMilwaukee, WI 53207
  • Utilities Included
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Golden Domes
Studio to 3 Bedroom Apartments

Golden Domes

1620 S 6th StMilwaukee, WI 53204
  • Utilities Included
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Bayview
2 Bedroom Apartments

Bayview

2406-2430 E Oklahoma AveMilwaukee, WI 53207
  • Utilities Included
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La Corona Apt
1 to 3 Bedroom Apartments

La Corona Apt

1655 S 3rd StMilwaukee, WI 53204

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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2467 S Burrell St
1 to 3 Bedroom Apartments

2467 S Burrell St

2467 S Burrell StMilwaukee, WI 53207
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1323 E Colorado St
1 to 2 Bedroom Apartments

1323 E Colorado St

1323 E Colorado StMilwaukee, WI 53207
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3047 S Howell Ave
1 Bedroom Apartments

3047 S Howell Ave

3047 S Howell AveMilwaukee, WI 53207
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2867 S Kinnickinnic
1 to 2 Bedroom Apartments

2867 S Kinnickinnic

2863-2867 S Kinnickinnic AveMilwaukee, WI 53207
  • Utilities Included
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2188 S Robinson Ave
2 Bedroom Apartments

2188 S Robinson Ave

2188 S Robinson AveMilwaukee, WI 53207
Corporate Housing
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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. La Corona Apt has the second lowest priced unit, which is a 1 Bed apartment currently listed from $891. Here are the most affordable Fernwood apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Lake Park Apartments1BR/1BA1BR,1BA$850
La Corona Apt1 Bedroom HUD1BR,1BA$891
Norwich East1B1BA1BR,1BA$899
FairCrest Senior Apartments1 Bed 1 Bath1BR,1BA$905
Hide House Lofts BayviewOne Bedroom One Bath1BR,1BA$968
3432 E Cudahy Ave1 Beds, 1 Baths1BR,1BA$1,000
Thompson Meadows Apartments: 55+ AdultTwo Bedroom2BR,1BA$1,075
Plaza Four Apartments1 Bed 1 Bath Large with Balcony1BR,1BA$1,079
The Landing at 1st StreetTwo Bedroom2BR,1BA$1,150
CorlissLogger - 60% AMI1BR,1BA$1,169

Best Value Apartments for Rent in Fernwood, WI

As of July 09, 2026 the best value apartment in the Fernwood area is the $1.39 price per square foot 3149 S Illinois Ave Model at 3149 S Illinois Ave, Unit 3149 in the in the Far South Side neighborhood starting from $1,950. The second greatest value Fernwood apartment is the 1031 E Idaho St Model at 1031 E Idaho St, Unit lower starting at $1,375 with a $1.25 price per square foot in the Southeast Side 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.
3149 S Illinois Ave, Unit 31493149 S Illinois Ave2BR,1BA$1.39
1031 E Idaho St, Unit lower1031 E Idaho St2BR,1BA$1.25
2867 S Kinnickinnic2BR/1.0BA2BR,1BA$1.35
South Shore Point2 Bedroom First Floor2BR,1BA$1.49
South Pine Apartments2 Bed 1 Bath2BR,1BA$1.53
Thompson Meadows Apartments: 55+ AdultTwo Bedroom2BR,1BA$1.35
Hide House Lofts BayviewOne Bedroom One Bath1BR,1BA$1.26
Plaza Four Apartments1 Bed 1 Bath Large with Balcony1BR,1BA$1.52
FairCrest Senior Apartments1 Bed 1 Bath1BR,1BA$1.30
Lake Park Apartments1BR/1BA1BR,1BA$1.31

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
Fernwood, Milwaukee, WI

Ranked #64

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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.

Frequently Asked Questions about Cheap Fernwood Apartments

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 $2,250.

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 104 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 $598 which is $1,652 cheaper than the average rent for all rentals in Fernwood.

Expert Rental Resources

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.

Helpful Local Expert Guides

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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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The Top Neighborhoods for Off-Campus Housing for Milwaukee-Area College Students

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, many of the Milwaukee neighborhoods profiled here have been home to friends and family.

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A Local Expert's Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, Milwaukee's neighborhoods have been home to friends and family for years.

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An Insider's Guide to Apartment Living Near Milwaukee's Four Employer Clusters

Written by: Tim Brown

Having grown up in Milwaukee and lived in Waukesha for several years, I have come to realize that the Milwaukee metro area offers diverse employment and housing opportunities.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.