
Cheap Homes for Rent in Franklin Heights Neighborhood of Milwaukee, WI from $600 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Franklin Heights area of Milwaukee.


2148 N 29th St

2148 N 29th St

2148 N 29th St

3444 N 17th St

1835 N 2nd St, Unit 28
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.

1835 N 2nd St, Unit 30

1835 N 2nd St, Unit 20

1835 N 2nd St, Unit 1

4479A N 44th St

2875 N 25th St

2955 N 17th 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.
Franklin Heights, Milwaukee, WI Local Guide

How much does it cost to rent a home in Franklin Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Heights 2 Bedroom Homes for Rent | $1,121 | $895 | $1,650 |
| Franklin Heights 3 Bedroom Homes for Rent | $1,290 | $895 | $1,600 |
| Franklin Heights 4 Bedroom Homes for Rent | $1,695 | $1,695 | $1,695 |
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Franklin Heights Neighborhood of Milwaukee, WI.
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Franklin Heights, Milwaukee, WI Local Guide
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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 2214-2220 W Hopkins St. (8 Unit) priced from $695. 4720 N 37th St. (8 Unit) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $845. Here are the most affordable Franklin Heights apartments for rent in Milwaukee, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2214-2220 W Hopkins St. (8 Unit) | 1BR/1.0BA | 1BR,1BA | $695 |
| 4720 N 37th St. (8 Unit) | 1BR/1.0BA | 1BR,1BA | $845 |
| Park Village Apartments | Studio* | Studio,1BA | $935 |
| Himount Gardens | 1 BR w/Eat-in Kitchen | 1BR,1BA | $940 |
| Columbia Square | 3 bedroom | 3BR,2BA | $976 |
Best Value Apartments for Rent in Franklin Heights, WI
As of May 07, 2026 the best value apartment in the Franklin Heights area is the $0.68 price per square foot 2769 N 27th St Model at 2769 N 27th St in the in the Haymarket neighborhood starting from $1,300. The second greatest value Franklin Heights apartment is the 2457 N 1st St Model at 2457 N 1st St, Unit front rear unit 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2769 N 27th St | 2769 N 27th St | 3BR,1BA | $0.68 |
| 2457 N 1st St, Unit front rear unit | 2457 N 1st St | 2BR,1BA | $0.60 |
| 101 W Meinecke Ave, Unit 105 | 101 W Meinecke Ave | 3BR,1BA | $1.20 |
| Columbia Square | 2 bedroom | 2BR,2BA | $0.84 |
| 2313 N Holton St | 2313 N Holton St | 2BR,1BA | $1.33 |
| 4114 N Toronto St, Unit Lower | 4114 N Toronto St | 3BR,1BA | $1.29 |
| 3118 N 21st St, Unit Upper | 3118 N 21st St | 3BR,1BA | $1.33 |
| Bishops Creek Family Housing | 2x1 | 2BR,1BA | $1.20 |
| 2550 N 45th St, Unit 2550A | 2550 N 45th St | 1BR,1BA | $1.06 |
| 2214-2220 W Hopkins St. (8 Unit) | 1BR/1.0BA | 1BR,1BA | $1.31 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 #197
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
Frequently Asked Questions about Franklin Heights
What type of rentals are currently available in Franklin Heights?
There are currently 389 Apartments for Rent in Franklin Heights, WI with pricing that ranges from $560 to $2,475. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin Heights ranging from $625 to $1,695.
What is the current price range for Rental Homes in Franklin Heights?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin Heights ranges from $625 to $1,695 with an average monthly rent of $1,247.
How much are larger Three and Four Bedroom Rentals in Franklin Heights?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin Heights range from $750 to $2,475, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $1,600. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $1,400.
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.
Helpful Local Expert Guides

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.

The Top Neighborhoods for Off-Campus Housing for Milwaukee-Area College Students
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, many of the Milwaukee neighborhoods profiled here have been home to friends and family.

A Local Experts Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, Milwaukee's neighborhoods have been home to friends and family for years.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.

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.