Cheap Apartments for Rent in the Fernwood Neighborhood of Milwaukee, WI from $500 (61 Rentals)

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

property at 2859 S 6th St

$900 - $950

2 Bedroom Rentals

Available May 1

2859 S 6th St

MilwaukeeWI53215

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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property at 2482 S 5th St

$1,200 - $1,295

2 Bedroom Rentals

Available Now

2482 S 5th St

MilwaukeeWI53207

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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
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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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 2166 S 6th St

$1,200

2 Bedroom Rentals

Available Now

2166 S 6th St

MilwaukeeWI53215
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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
3 Bedroom Apartments

2188 S Robinson Ave

2188 S Robinson AveMilwaukee, WI 53207
Corporate Housing
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Lake Park Apartments
$850 - $950
Total Monthly Price

Total Monthly Price

Base Rent
$820 - $920
Required Monthly Fees
$30
Total Monthly Price
$850 - $950
1 to 2 Bedroom Apartments Available Now

Lake Park Apartments

3729-3749 S Packard AveSt. Francis, WI 53235
Cost Per Sq.Ft.
  • Verified
  • Customer Reviewed
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 $623. 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
CorlissTIMBERLINE1BR,1BA$623
Lake Park Apartments1BR/1BA1BR,1BA$850
Cottonwood Trails - 55+ CommunityD1BR,1BA$859
Norwich East1B1BA1BR,1BA$899
The Landing at 1st StreetOne Bedroom1BR,1BA$960
Thompson Meadows Apartments: 55+ AdultOne Bedroom1BR,1BA$975
Plaza Four Apartments1 Bed 1 Bath1BR,1BA$999
FairCrest Senior Apartments2 Bed 1 Bath B2BR,1BA$1,015

Best Value Apartments for Rent in Fernwood, WI

As of April 05, 2026 the best value apartment in the Fernwood area is the $1.25 price per square foot 1129 Idaho E St Model at 1129 Idaho E St, Unit 2 in the in the Southeast Side neighborhood starting from $1,750. The second greatest value Fernwood apartment is the 3149 S Illinois Ave Model at 3149 S Illinois Ave, Unit 3149 starting at $2,050 with a $1.46 price per square foot in the Far South 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.
1129 Idaho E St, Unit 21129 Idaho E St2BR,1BA$1.25
3149 S Illinois Ave, Unit 31493149 S Illinois Ave2BR,1BA$1.46
1802 E Howard Ave, Unit 21802 E Howard Ave2BR,1BA$1.54
508 E Lincoln Ave, Unit 508 E Lincoln Ave508 E Lincoln Ave2BR,1BA$1.50
617 E Homer St, Unit 4617 E Homer St2BR,1BA$1.31
FairCrest Senior Apartments2 Bed 1 Bath B2BR,1BA$1.35
1129 E Idaho St, Unit #11129 E Idaho StStudio ,1BA$1.34
Lake Park Apartments1BR/1BA1BR,1BA$1.31
Cottonwood Trails - 55+ CommunityD1BR,1BA$1.36
Thompson Meadows Apartments: 55+ AdultOne Bedroom1BR,1BA$1.59

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 #48

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 $1,015.

What is the price of a cheap apartment in Fernwood?

The cheapest apartment in Fernwood is Corliss which is listed at $623, while the average apartment in Fernwood costs $2,680.

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.

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.

Articles, How-To's, and Tips

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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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.