Cheap Apartments for Rent in the Fernwood Neighborhood of Milwaukee, WI from $500 (60 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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property at 3133 S Griffin Ave

$1,325

Total Monthly Price

Total Monthly Price

Base Rent
$1,325
Total Monthly Price
$1,325

2 Bedroom, 1 Bath Townhome for Rent

Available Aug 1

3133 S Griffin Ave, Unit Lower, Unit Lower

3133 S Griffin Ave
MilwaukeeWI53207

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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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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Pinall Gardens
1 to 3 Bedroom Apartments

Pinall Gardens

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

Golden Domes

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

Bayview

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

La Corona Apt

1655 S 3rd StMilwaukee, WI 53204
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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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2867 S Kinnickinnic
1 to 2 Bedroom Apartments

2867 S Kinnickinnic

2863-2867 S Kinnickinnic AveMilwaukee, WI 53207
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2188 S Robinson Ave
3 Bedroom Apartments

2188 S Robinson Ave

2188 S Robinson AveMilwaukee, WI 53207
Corporate Housing
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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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A Local Expert's Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit

Uncover Milwaukee's affordable, vibrant neighborhoods and down-to-earth charm. Get a local expert's take on the city's renaissance, favorite traditions, and famous Gemütlichkeit (cozy spirit).

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Showing Results 1-50, Page 1 of 2

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 Corliss priced from $547. Lake Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Fernwood apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
CorlissSAWYER1BR,1BA$547
Lake Park Apartments1BR/1BA1BR,1BA$850
3719 E Layton AveOne Bedroom1BR,1BA$865
Norwich East1B1BA1BR,1BA$899
Hide House Lofts BayviewOne Bedroom One Bath1BR,1BA$968
Thompson Meadows Apartments: 55+ AdultOne Bedroom1BR,1BA$975
Plaza IV Apartments in St. Francis.1 Bed 1 Bath1BR,1BA$999
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 May 22, 2026 the best value apartment in the Fernwood area is the $1.46 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 $2,050. The second greatest value Fernwood apartment is the 2818 S Delaware Ave Model at 2818 S Delaware Ave, Unit 2818 - Upper starting at $1,850 with a $1.54 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$1.46
2818 S Delaware Ave, Unit 2818 - Upper2818 S Delaware Ave2BR,1BA$1.54
CorlissSTEAMLINE2BR,2BA$1.38
3719 E Layton AveOne Bedroom1BR,1BA$0.96
South Pine Apartments2 Bed 1 Bath2BR,1BA$1.53
617 E Homer St, Unit 4617 E Homer St2BR,1BA$1.31
Hide House Lofts BayviewOne Bedroom One Bath1BR,1BA$1.26
Lake Park Apartments1BR/1BA1BR,1BA$1.31
Plaza IV Apartments in St. Francis.1 Bed 1 Bath1BR,1BA$1.62
Thompson Meadows Apartments: 55+ AdultOne Bedroom1BR,1BA$1.59

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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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 #53

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.

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 $2,677.

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 55 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 $409 which is $2,268 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.

decorative image for A Local Experts Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit article

A Local Experts 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.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.