Cheap Apartments for Rent in the Franklin Heights Neighborhood of Milwaukee, WI from $400 (78 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Showing Results 1-50, Page 1 of 2

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 1 Bed unit found at MLK Library Apartments priced from $513. 2214-2220 W Hopkins St. (8 Unit) has the second lowest priced unit, which is a Studio apartment currently listed from $550. Here are the most affordable Franklin Heights apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
MLK Library Apartments1x1-PBV1BR,1BA$513
2214-2220 W Hopkins St. (8 Unit)0BR/1.0BAStudio,1BA$550
Brewer's HillEfficiencyStudio,1BA$710
Gorman Homes1 Bedroom1BR,1BA$774
Dr. Wesley Scott1 Bedroom1BR,1BA$896
CWC Community Within the CorridorTownsend1BR,1BA$951
The Residences at ThriveOn KingOne Bedroom1BR,1BA$956

Best Value Apartments for Rent in Franklin Heights, WI

As of August 29, 2025 the best value apartment in the Franklin Heights area is the $0.53 price per square foot Townhome Model at Rooted & Rising Apartments & Townhomes in the in the Grasslyn Manor neighborhood starting from $1,050. The second greatest value Franklin Heights apartment is the 2457 N 1st St Model at 2457 N 1st St, Unit front back starting at $900 with a $0.60 price per square foot in the Haymarket 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.
Rooted & Rising Apartments & TownhomesTownhome3BR,2.5BA$0.53
2457 N 1st St, Unit front back2457 N 1st St1BR,1BA$0.60
2970 N 37th St, Unit 2972 N 37th Street2970 N 37th St3BR,1BA$0.71
106-108 W Keefe Ave, Unit Rear Upper106-108 W Keefe Ave2BR,1BA$0.88
106 W Keefe Ave, Unit 4106 W Keefe Ave2BR,1BA$0.88
2929 N 18th St, Unit Lower Unit2929 N 18th St2BR,1BA$0.86
Himount Gardens2 Bedroom1BR,1BA$1.22
Dr. Wesley Scott1 Bedroom1BR,1BA$1.20
Gorman Homes1 Bedroom1BR,1BA$1.16
1221 W Atkinson Ave, Unit #11221 W Atkinson Ave1BR,1BA$1.14

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Franklin Heights, Milwaukee, WI

Ranked #217

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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 the price of a cheap apartment in Franklin Heights?

The cheapest apartment in Franklin Heights is MLK Library Apartments which is listed at $513, while the average apartment in Franklin Heights costs $3,775.

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 29 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 $506 which is $3,269 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.

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.