Cheap Apartments for Rent in the Graceland Neighborhood of Milwaukee, WI from $500 (40 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Graceland 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.

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property at 2716 W Oriole Dr

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

3 Bedroom, 1.5 Bath Townhome for Rent

Available Aug 7

2716 W Oriole Dr

MilwaukeeWI53209

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.

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Fortitude Apartments
1 to 3 Bedroom Apartments

Fortitude Apartments

7717 W Good Hope RdMilwaukee, WI 53223
  • Utilities Included
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Sherman Gardens Apt.
1 to 2 Bedroom Apartments

Sherman Gardens Apt.

5940 N Sherman BlvdMilwaukee, WI 53209
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Silver Spring Apartments
2 Bedroom Apartments

Silver Spring Apartments

7109-7135 W Silver Spring DrMilwaukee, WI 53218
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Continental House
1 to 3 Bedroom Apartments

Continental House

5301 N Teutonia AveMilwaukee, WI 53209
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Florist Gardens
1 to 2 Bedroom Apartments

Florist Gardens

3402-3426 W Florist AveMilwaukee, WI 53209
Senior Living
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3924 W Good Hope Rd
2 to 3 Bedroom Apartments

3924 W Good Hope Rd

3924 W Good Hope RdMilwaukee, WI 53209
  • Utilities Included

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

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.

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Spring Park Apartments
2 Bedroom Apartments

Spring Park Apartments

7401-7535 W Silver Spring DrMilwaukee, WI 53218
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Parkside at 76th
2 Bedroom Apartments

Parkside at 76th

6939-6951 N 76th StMilwaukee, WI 53223
  • Utilities Included

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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Woodale Crossing
Studio to 2 Bedroom Apartments

Woodale Crossing

4114 W Woodale AveBrown Deer, WI 53209
Senior Living
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Bradley Manor
1 to 2 Bedroom Apartments

Bradley Manor

4527 W Bradley RdBrown Deer, WI 53223
Senior Living
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-40, Page 1 of 1

Graceland, Milwaukee, WI Local Guide

Cheapest Available Graceland Apartments for Rent

 

The cheapest available apartment rental in the Graceland area of Milwaukee, WI is a 1 Bed unit found at Aspenwood Glen Senior Apartments priced from $960. Woodale Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,038. Here are the most affordable Graceland apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Aspenwood Glen Senior Apartments21G-601BR,1BA$960
Woodale Crossing1 Bedroom1BR,1BA$1,038
Edison School Apartments1 Bedroom 1 Bath1BR,1BA$1,145
Silver Creek Village 55+ Senior ApartmentsOne Bedroom1BR,1BA$1,165
Glen Hills Apartments1 Bedroom (687 sq ft)1BR,1BA$1,299
Bradley Crossing I and II2B1B 989SF2BR,1BA$1,300

Best Value Apartments for Rent in Graceland, WI

As of June 14, 2026 the best value apartment in the Graceland area is the $1.44 price per square foot 2X2 2101 Model at Canterbury Court Apartments in the in the Brown Deer Park neighborhood starting from $1,995. The second greatest value Graceland apartment is the 1A1 Model at Presidio Square Apartments starting at $1,625 with a $1.35 price per square foot in the Far Northwest Side neighborhood. Here is today’s list of the best values for Graceland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Canterbury Court Apartments2X2 21012BR,2BA$1.44
Presidio Square Apartments1A12BR,2BA$1.35
5825 N 76th St, Unit B5825 N 76th St2BR,1BA$1.09
5416 N 53rd St, Unit 5416 N 53rd Street5416 N 53rd St3BR,1BA$1.47
5321 N 53rd St, Unit UPPER DUPLEX FOR RENT – AVAILABLE NOW!5321 N 53rd St2BR,1BA$1.21
Bradley Crossing I and II2B1B 989SF2BR,1BA$1.43
Silver Creek Village 55+ Senior ApartmentsOne Bedroom1BR,1BA$1.43
Edison School Apartments1 Bedroom 1 Bath1BR,1BA$1.50
7005 N Teutonia Ave, Unit 7005 N Teutonia Ave7005 N Teutonia Ave2BR,1BA$1.23
Aspenwood Glen Senior Apartments11A-601BR,1BA$1.38

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

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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
Graceland, Milwaukee, WI

Ranked #130

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
Graceland, Milwaukee, WI

School data provided by Great Schools

Frequently Asked Questions about Cheap Graceland Apartments

What is the price of a cheap apartment in Graceland?

The cheapest apartment in Graceland is Aspenwood Glen Senior Apartments which is listed at $960, while the average apartment in Graceland costs $2,495.

What types of apartments are the cheapest in Graceland?

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 15 regular apartments in Graceland that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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An Insiders Guide to Apartment Living Near Milwaukee's Four Employer Clusters

Written by: Tim Brown

Having grown up in Milwaukee and lived in Waukesha for several years, I have come to realize that the Milwaukee metro area offers diverse employment and housing opportunities.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.