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Cheap Apartments for Rent in the Fernwood Neighborhood of Milwaukee, WI from $500 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fernwood area of Milwaukee.
508 W Maple St
MilwaukeeWI53204
2474 S 5th Pl
MilwaukeeWI53207
2469 S 5th St
MilwaukeeWI53207
2421 S 5th Pl
MilwaukeeWI53207
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Rent Specials
$860 - $1,350Studio to 2 Bedroom Apartments Available Now
The Landing at 1st Street
4601-4614 S 1st StMilwaukee, WI 53207
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$950Studio Apartment Available Mar 1, 2026
2788 S Fulton St, Unit 3
2788 S Fulton StMilwaukee, WI 53207
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.
43 W Mitchell St
MilwaukeeWI53204
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$997 - $1,1751 to 2 Bedroom Apartments Available Now
Hide House Lofts Bayview
2615 S Greeley StMilwaukee, WI 53207
3254 S Kinnickinnic Ave
MilwaukeeWI53207
3258 S Kinnickinnic Ave
MilwaukeeWI53207
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$1,035 - $1,2351 to 2 Bedroom Apartments Contact Us For Availability
Harbor View Village
3775 E Denton AveMilwaukee, WI 53235
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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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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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1 to 2 Bedroom Apartments
$1095 – 1 BR, 1 BA Apartment in Bayview - ...
1323 E Colorado StMilwaukee, WI 53207
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$850 - $9501 to 2 Bedroom Apartments Available Now
Lake Park Apartments
3729-3749 S Packard AveSt. Francis, WI 53235
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$8991 Bedroom Apartments Available Now
Plaza IV Apartments in St. Francis.
4300 S Nicholson AveSt. Francis, WI 53235
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$905 - $1,0151 to 2 Bedroom Apartments Available Jan 1, 2026
FairCrest Senior Apartments
1920 E Tripoli AveSt. Francis, WI 53235
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$975 - $1,0751 to 2 Bedroom Apartments Available Now
Thompson Meadows Apartments: 55+ Adult
3120 E Norwich AveSt. Francis, WI 53235
4625 S Lake Dr
CudahyWI53110
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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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Showing Results 1-30, Page 1 of 1
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 | $1,376 | $860 | $2,061 |
| Fernwood 1 Bedroom Apartments | $1,519 | $623 | $3,286 |
| Fernwood 2 Bedroom Apartments | $1,940 | $747 | $3,659 |
| Fernwood 3 Bedroom Apartments | $2,332 | $1,500 | $2,890 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the Fernwood Neighborhood of Milwaukee, WI.
See all Apartments in MilwaukeeExplore Milwaukee
Fernwood, Milwaukee, WI Local Guide
- Nearby Milwaukee neighborhoods
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Corliss | SAWYER | 1BR,1BA | $623 |
| Lake Park Apartments | 1BR/1BA | 1BR,1BA | $850 |
| The Landing at 1st Street | Studio | Studio,1BA | $860 |
| Plaza IV Apartments in St. Francis. | 1 Bed 1 Bath | 1BR,1BA | $899 |
| Thompson Meadows Apartments: 55+ Adult | One Bedroom | 1BR,1BA | $975 |
| Hide House Lofts Bayview | One Bedroom One Bath | 1BR,1BA | $1,009 |
| Cottonwood Trails - 55+ Community | J | 2BR,1BA | $1,149 |
| Buckhorn Station Apartment Homes | One Bedroom | 1BR,1BA | $1,152 |
| Dwell Bay View | A | Studio,1BA | $1,275 |
| Ridge View Apartments | One Bedroom, One Bathroom | 1BR,1BA | $1,297 |
Best Value Apartments for Rent in Fernwood, WI
As of December 29, 2025 the best value apartment in the Fernwood area is the $1.65 price per square foot 2159 S Mound St Model at 2159 S Mound St, Unit LOWER in the in the Clarke Square neighborhood starting from $2,145. The second greatest value Fernwood apartment is the J Model at Cottonwood Trails - 55+ Community starting at $1,149 with a $1.09 price per square foot in the Town of Lake 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. |
|---|---|---|---|
| 2159 S Mound St, Unit LOWER | 2159 S Mound St | 3BR,2BA | $1.65 |
| Cottonwood Trails - 55+ Community | J | 2BR,1BA | $1.09 |
| South Shore Point | 2 Bedroom Second Floor | 2BR,1BA | $1.73 |
| 220 E Wilbur Ave, Unit Lower | 220 E Wilbur Ave | 2BR,1BA | $1.50 |
| South Pine Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.53 |
| Buckhorn Station Apartment Homes | One Bedroom | 1BR,1BA | $1.47 |
| Hide House Lofts Bayview | One Bedroom One Bath | 1BR,1BA | $1.32 |
| Lake Park Apartments | 1BR/1BA | 1BR,1BA | $1.31 |
| Plaza IV Apartments in St. Francis. | 1 Bed 1 Bath | 1BR,1BA | $1.45 |
| Thompson Meadows Apartments: 55+ Adult | One Bedroom | 1BR,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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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.
Read ArticleCash 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.
Read ArticleQuick 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 LifestyleFernwood, Milwaukee, WI
Ranked #50
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
Milwaukee School District
Public School - Grades 9-12 (945)
2 out of 10
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 $1,297.
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 $2,445.
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 40 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 $255 which is $2,190 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.
Articles, How-To's, and Tips
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.
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.