Cheap Apartments for Rent in the Franklin Heights Neighborhood of Milwaukee, WI from $400 (85 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Franklin Heights 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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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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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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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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Franklin Heights, Milwaukee, WI Local Guide

Cheapest Available Franklin Heights Apartments for Rent

 

The cheapest available apartment rental in the Franklin Heights area of Milwaukee, WI is a 2 Beds unit found at CWC Community Within the Corridor priced from $578. 2214-2220 W Hopkins St. (8 Unit) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Franklin Heights apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
CWC Community Within the CorridorBurleigh2BR,1BA$578
2214-2220 W Hopkins St. (8 Unit)1BR/1.0BA1BR,1BA$695
4720 N 37th St. (8 Unit)1BR/1.0BA1BR,1BA$845
Columbia Square1 Bed, 1 bath1BR,1BA$900
Park Village ApartmentsStudio*Studio,1BA$985

Best Value Apartments for Rent in Franklin Heights, WI

As of April 16, 2026 the best value apartment in the Franklin Heights area is the $0.77 price per square foot 1 Bed, 1 bath Model at Columbia Square in the in the Haymarket neighborhood starting from $900. The second greatest value Franklin Heights apartment is the 3261-3263 N 26th St Model at 3261-3263 N 26th St, Unit Upper starting at $1,275 with a $1.15 price per square foot in the Grasslyn Manor neighborhood. Here is today’s list of the best values for Franklin Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Columbia Square1 Bed, 1 bath1BR,1BA$0.77
3261-3263 N 26th St, Unit Upper3261-3263 N 26th St2BR,1BA$1.15
2503 N 37th St, Unit Top Floor2503 N 37th St4BR,1BA$1.30
4114 N Toronto St, Unit Lower4114 N Toronto St3BR,1BA$1.29
4951-4955-4961 N Santa Monica BlvdUnit 12BR,1BA$1.50
3118 N 21st St, Unit Upper3118 N 21st St3BR,1BA$1.33
3935 N 13th St, Unit Lower3935 N 13th St2BR,1BA$0.99
318 E Henry Clay St2 Beds, 1 bath2BR,1BA$1.44
2407 N 6th St, Unit Rear Lower Unit2407 N 6th St2BR,1BA$1.23
2214-2220 W Hopkins St. (8 Unit)1BR/1.0BA1BR,1BA$1.31

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
Franklin Heights, Milwaukee, WI

Ranked #197

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
Franklin Heights, Milwaukee, WI

School data provided by Great Schools

Frequently Asked Questions about Cheap Franklin Heights Apartments

What is the price of a cheap apartment in Franklin Heights?

The cheapest apartment in Franklin Heights is 2214-2220 W Hopkins St. (8 Unit) which is listed at $695, while the average apartment in Franklin Heights costs $1,593.

What types of apartments are the cheapest in Franklin Heights?

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 7 regular apartments in Franklin Heights 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 Franklin Heights?

Cheap apartments in Franklin Heights have an average cost of $467 which is $1,126 cheaper than the average rent for all rentals in Franklin Heights.

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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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.

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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.