Cheap Homes for Rent in Franklin Heights Neighborhood of Milwaukee, WI from $600 (12 Rentals)

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Search the lowest-cost Homes 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.

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

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 ListingModel NameBed/BathPriced From
2214-2220 W Hopkins St. (8 Unit)1BR/1.0BA1BR,1BA$695
4720 N 37th St. (8 Unit)1BR/1.0BA1BR,1BA$845
Park Village ApartmentsStudio*Studio,1BA$935
Himount Gardens1 BR w/Eat-in Kitchen1BR,1BA$940
Columbia Square3 bedroom3BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
2769 N 27th St2769 N 27th St3BR,1BA$0.68
2457 N 1st St, Unit front rear unit2457 N 1st St2BR,1BA$0.60
101 W Meinecke Ave, Unit 105101 W Meinecke Ave3BR,1BA$1.20
Columbia Square2 bedroom2BR,2BA$0.84
2313 N Holton St2313 N Holton St2BR,1BA$1.33
4114 N Toronto St, Unit Lower4114 N Toronto St3BR,1BA$1.29
3118 N 21st St, Unit Upper3118 N 21st St3BR,1BA$1.33
Bishops Creek Family Housing2x12BR,1BA$1.20
2550 N 45th St, Unit 2550A2550 N 45th St1BR,1BA$1.06
2214-2220 W Hopkins St. (8 Unit)1BR/1.0BA1BR,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.

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Real 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.

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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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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

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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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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.

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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

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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.

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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.

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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.