
Cheap Apartments for Rent in the Franklin Heights Neighborhood of Milwaukee, WI from $400 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in the Franklin Heights area of Milwaukee.


Rooted & Rising Apartments & Townhomes

Gorman Homes

2737 N 55th St

Legacy Lofts at the Blommer Ice Cream Factory

2533 N Hubbard St
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.

2517 W Garfield Ave

Himount Gardens

3627 N 1st St

CWC Community Within the Corridor

3739 N 17th St

3128 N 38th St

4368 N 17th St

2445 N 37th St

3158 N 39th St
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.

4701 N 52nd St

2823 N 28th St
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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.
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.
Franklin Heights, Milwaukee, WI Local Guide

How much does it cost to rent an apartment in Franklin Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Heights Studio Apartments | $870 | $800 | $999 |
| Franklin Heights 1 Bedroom Apartments | $999 | $513 | $2,050 |
| Franklin Heights 2 Bedroom Apartments | $1,280 | $612 | $2,150 |
| Franklin Heights 3 Bedroom Apartments | $1,309 | $750 | $3,500 |
| Franklin Heights 4 Bedroom Apartments | $1,636 | $870 | $2,895 |
Browse Apartments in this Neighborhood
There are currently 39 rentals with your search options within a 2 mile radius of the Franklin Heights Neighborhood of Milwaukee, WI.
See all Apartments in MilwaukeeExplore Milwaukee
Franklin Heights, Milwaukee, WI Local Guide
- Nearby Milwaukee neighborhoods
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- Local Counties
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Cheapest Available Franklin Heights Apartments for Rent
 The cheapest available apartment rental in the Franklin Heights area of Milwaukee, WI is a 1 Bed unit found at 4603 N 29th St - 6 unit priced from $695. Gorman Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $774. Here are the most affordable Franklin Heights apartments for rent in Milwaukee, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 4603 N 29th St - 6 unit | 1BR/1.0BA | 1BR,1BA | $695 |
| Gorman Homes | 1 Bedroom | 1BR,1BA | $774 |
| Himount Gardens | Efficiency Studio | Studio,1BA | $800 |
| The Residences at ThriveOn King | One Bedroom | 1BR,1BA | $956 |
| Bishops Creek Family Housing | 2x1 | 2BR,1BA | $976 |
| Northwood Apartments | 1 Bed, 1 Bath, Affordable 50% | 1BR,1BA | $988 |
| Park Village Apartments | Studio* | Studio,1BA | $999 |
Best Value Apartments for Rent in Franklin Heights, WI
As of December 01, 2025 the best value apartment in the Franklin Heights area is the $0.46 price per square foot 3210 N 40th St Model at 3210 N 40th St, Unit 3210 in the in the Grasslyn Manor neighborhood starting from $800. The second greatest value Franklin Heights apartment is the 312 E Townsend St Model at 312 E Townsend St, Unit 312 e. Townsend starting at $1,250 with a $0.89 price per square foot in the Brewer's Hill neighborhood. Here is today’s list of the best values for Franklin Heights apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3210 N 40th St, Unit 3210 | 3210 N 40th St | 2BR,1BA | $0.46 |
| 312 E Townsend St, Unit 312 e. Townsend | 312 E Townsend St | 3BR,1BA | $0.89 |
| 4650 N 39th St, Unit 39th Street | 4650 N 39th St | 2BR,1BA | $0.92 |
| 3352 N Richards St | 3352 N Richards St | 2BR,1BA | $1.04 |
| 4370 N 28th St, Unit Upper | 4370 N 28th St | 2BR,1BA | $0.88 |
| 2608 N 40th St, Unit 2608a | 2608 N 40th St | 3BR,1BA | $1.18 |
| Bishops Creek Family Housing | 2x1 | 2BR,1BA | $1.14 |
| 4059 N 7th St, Unit 1 | 4059 N 7th St | 1BR,1BA | $1.05 |
| Gorman Homes | 1 Bedroom | 1BR,1BA | $1.16 |
| 4603 N 29th St - 6 unit | 1BR/1.0BA | 1BR,1BA | $1.16 |
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 ArticleThe 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 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.
Pet Friendly LifestyleFranklin Heights, Milwaukee, WI
Ranked #214
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Franklin Heights, Milwaukee, WI
School data provided by Great Schools
Getting Around the Franklin Heights Neighborhood in Milwaukee, WI
Walk Score®
55 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
52 / 100
Bikeable
Some bike infrastructure
Transit Score®
54 / 100
Good Transit
Many 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 Franklin Heights Apartments
What is a cheap apartment in Franklin Heights?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Franklin Heights is under $999.
What is the price of a cheap apartment in Franklin Heights?
The cheapest apartment in Franklin Heights is 4603 N 29th St - 6 unit which is listed at $695, while the average apartment in Franklin Heights costs $2,900.
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 8 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 $353 which is $2,547 cheaper than the average rent for all rentals in Franklin Heights.
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.

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.

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.

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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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.





















