Cheap Apartments for Rent in the Fernwood Neighborhood of Milwaukee, WI from $500 (26 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 1-26, 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. Seaway Terrace Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable Fernwood apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Lake Park Apartments1BR/1BA1BR,1BA$850
Seaway Terrace ApartmentsStudioStudio,1BA$850
CorlissIronwood1BR,1BA$959
Thompson Meadows Apartments: 55+ AdultOne Bedroom1BR,1BA$975
Welcome Home at Plaza Four Apartments1 Bed 1 Bath with Balcony/Patio1BR,1BA$1,049
Dwell Bay ViewAStudio,1BA$1,275
StitchweldWHIPSTITCHStudio,1BA$1,400
Vue ApartmentsV131BR,1BA$1,550

Best Value Apartments for Rent in Fernwood, WI

As of September 19, 2025 the best value apartment in the Fernwood area is the $1.05 price per square foot Style B- 2 Bed / 2 Bath + Den Upper Model at Lake Park Reserve in the in the Town of Lake neighborhood starting from $2,000. The second greatest value Fernwood apartment is the 2225 S Woodward St Model at 2225 S Woodward St, Unit 1 starting at $1,725 with a $1.23 price per square foot in the Historic Mitchell Street 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.
Lake Park ReserveStyle B- 2 Bed / 2 Bath + Den Upper2BR,2BA$1.05
2225 S Woodward St, Unit 12225 S Woodward St2BR,1BA$1.23
2159 S Mound St, Unit LOWER2159 S Mound St3BR,2BA$1.65
514 E Homer St, Unit Lower514 E Homer St2BR,1BA$1.35
3235 S Indiana Ave, Unit Lower3235 S Indiana Ave2BR,1BA$1.19
2818 S Delaware Ave, Unit 2818 - Upper2818 S Delaware Ave2BR,1BA$1.54
3667 E Munkwitz Ave, Unit 23667 E Munkwitz Ave2BR,1BA$1.20
3635 E Armour Ave, Unit LOWER3635 E Armour Ave1BR,1BA$1.33
Lake Park Apartments1BR/1BA1BR,1BA$1.31
Thompson Meadows Apartments: 55+ AdultOne Bedroom1BR,1BA$1.59

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Fernwood, Milwaukee, WI

Ranked #50

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 $1,550.

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 $2,520.

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 33 regular apartments in Fernwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

decorative image for Finding The Best Affordable Milwaukee Neighborhoods to Rent article

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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.