
Cheap Apartments for Rent in the Fernwood Neighborhood of Milwaukee, WI from $500 (69 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fernwood area of Milwaukee.


Hide House Lofts Bayview

Harbor View Village

2482A S 5th St

Corliss

2166 S 6th St

3610 S Howell Ave, Unit 1

3521 S Logan Ave

4171 S Clement Ave, Unit 4

Vue Apartments
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

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2233 S Mound St, Unit Upper

KinetiK

2348 S Kinnickinnic Ave

1005 E Holt Ave, Unit Upper

Stitchweld

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2213 S Robinson Ave, Unit UPPER

460 E Lincoln Ave

4248 S 5th St

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3100 S Griffin Ave, Unit LOWER
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.

Dwell Bay View

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553 E Dover St, Unit UPPER

1703 E Morgan Ave

3474 S Indiana Ave

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3360 S Kinnickinnic Ave, Unit Lower

Tribute Apartments at R1VER

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2304 E Holt Ave, Unit 2304 E Holt

2252 S Winchester St

426 E Smith St

4252 1st 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.

337 E Smith St

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2507 S Howell Ave, Unit B

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2766 S Logan Ave, Unit Upper

2892 S Delaware Ave

2636 S. Logan

1414-1420 E Warnimont Ave

Pinall Gardens

Golden Domes

Bayview

La Corona Apt
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.

2467 S Burrell St

3279 S Kinnickinnic Ave

1323 E Colorado St

3047 S Howell Ave

South Pine Apartments

2867 S Kinnickinnic

2188 S Robinson Ave

2445 S Austin St

2768 S Adams Ave

2770 S Adams Ave
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

How much does it cost to rent an apartment in Fernwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fernwood Studio Apartments | $1,505 | $860 | $1,895 |
| Fernwood 1 Bedroom Apartments | $1,483 | $850 | $3,135 |
| Fernwood 2 Bedroom Apartments | $1,811 | $950 | $4,101 |
| Fernwood 3 Bedroom Apartments | $2,122 | $1,603 | $2,990 |
| Fernwood 4 Bedroom Apartments | $2,250 | $2,250 | $2,250 |
Browse Apartments in this Neighborhood
There are currently 69 rentals with your search options within a 2 mile radius of the Fernwood Neighborhood of Milwaukee, WI.
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Fernwood, Milwaukee, WI Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lake Park Apartments | 1BR/1BA | 1BR,1BA | $850 |
| La Corona Apt | 1 Bedroom HUD | 1BR,1BA | $891 |
| Norwich East | 1B1BA | 1BR,1BA | $899 |
| FairCrest Senior Apartments | 1 Bed 1 Bath | 1BR,1BA | $905 |
| Hide House Lofts Bayview | One Bedroom One Bath | 1BR,1BA | $968 |
| 3432 E Cudahy Ave | 1 Beds, 1 Baths | 1BR,1BA | $1,000 |
| Thompson Meadows Apartments: 55+ Adult | Two Bedroom | 2BR,1BA | $1,075 |
| Plaza Four Apartments | 1 Bed 1 Bath Large with Balcony | 1BR,1BA | $1,079 |
| The Landing at 1st Street | Two Bedroom | 2BR,1BA | $1,150 |
| Corliss | Logger - 60% AMI | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3149 S Illinois Ave, Unit 3149 | 3149 S Illinois Ave | 2BR,1BA | $1.39 |
| 1031 E Idaho St, Unit lower | 1031 E Idaho St | 2BR,1BA | $1.25 |
| 2867 S Kinnickinnic | 2BR/1.0BA | 2BR,1BA | $1.35 |
| South Shore Point | 2 Bedroom First Floor | 2BR,1BA | $1.49 |
| South Pine Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.53 |
| Thompson Meadows Apartments: 55+ Adult | Two Bedroom | 2BR,1BA | $1.35 |
| Hide House Lofts Bayview | One Bedroom One Bath | 1BR,1BA | $1.26 |
| Plaza Four Apartments | 1 Bed 1 Bath Large with Balcony | 1BR,1BA | $1.52 |
| FairCrest Senior Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.30 |
| Lake Park Apartments | 1BR/1BA | 1BR,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.
Read ArticleReal 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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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.
Pet Friendly LifestyleFernwood, Milwaukee, WI
Ranked #64
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Fernwood, Milwaukee, WI
Bay View Middle and High School
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 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

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.

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.

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.

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

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.

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.

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.

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.