Cheap Homes for Rent in Franklin Heights Neighborhood of Milwaukee, WI from $700 (19 Rentals)

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

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 1 Bed unit found at The Residences at ThriveOn King priced from $525. 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 ListingModel NameBed/BathPriced From
The Residences at ThriveOn KingOne Bedroom Loft1BR,1BA$525
Gorman Homes1 Bedroom1BR,1BA$774
Himount GardensStudioStudio,1BA$830
Park Village ApartmentsStudio*Studio,1BA$985
CWC Community Within the CorridorBurleigh2BR,1BA$1,023

Best Value Apartments for Rent in Franklin Heights, WI

As of June 18, 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
106-108 W Keefe Ave, Unit 4106-108 W Keefe Ave3BR,1BA$1.08
3261-3263 N 26th St, Unit Up3261-3263 N 26th St2BR,1BA$1.09
2967 N Richards St, Unit Upper Duplex2967 N Richards St4BR,1BA$1.18
2515 N 57th St, Unit 25152515 N 57th St2BR,1BA$1.32
4955 N Santa Monica Blvd, Unit 14955 N Santa Monica Blvd2BR,1BA$1.50
1945 N 5th St, Unit 41945 N 5th St1BR,1BA$0.92
Dr. Wesley Scott1 Bedroom1BR,1BA$1.45
Gorman Homes1 Bedroom1BR,1BA$1.16

Quick Rent Budget Calculator

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Frequently Asked Questions about Franklin Heights

What type of rentals are currently available in Franklin Heights?

There are currently 371 Apartments for Rent in Franklin Heights, WI with pricing that ranges from $525 to $4,913. There are also 65 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin Heights ranging from $750 to $2,895.

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 $750 to $2,895 with an average monthly rent of $1,574.

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 $4,913, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $2,895. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $676.

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.

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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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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.