Cheap Apartments for Rent in the Historic Third Ward Neighborhood of Milwaukee, WI from $1,200 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Historic Third Ward area of Milwaukee.

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Corcoran Lofts
Studio to 2 Bedroom Apartments

Corcoran Lofts

444 E Corcoran AveMilwaukee, WI 53202
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239 E Chicago St
1 to 2 Bedroom Apartments

239 E Chicago St

239 E Chicago StMilwaukee, WI 53202
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213 Broadway
1 to 2 Bedroom Apartments

213 Broadway

213 N BroadwayMilwaukee, WI 53202
  • Utilities Included

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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W Pointe Lofts
1 Bedroom Apartments

W Pointe Lofts

235 S 2nd StMilwaukee, WI 53204
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Beam House
Studio to 2 Bedroom Apartments

Beam House

222 Freshwater WayMilwaukee, WI 53204
  • Utilities Included
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333 Water
Studio to 3 Bedroom Apartments

333 Water

333 N Water StMilwaukee, WI 53202
Showing Results 1-31, Page 1 of 1

Historic Third Ward, Milwaukee, WI Local Guide

Cheapest Available Historic Third Ward Apartments for Rent

 

The cheapest available apartment rental in the Historic Third Ward area of Milwaukee, WI is a 1 Bed unit found at Castings Place Apartments priced from $1,475. Teweles Seed Tower Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,500. Here are the most affordable Historic Third Ward apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Castings Place ApartmentsType A1BR,1BA$1,475
Teweles Seed Tower Apartments1 Bed / 1 Bath1BR,1BA$1,500
The YardsB31BR,1BA$1,580
Gaslight & Corcoran LoftsA4Studio,1BA$1,599
Chicago Street Lofts101BR,1BA$1,600
239 E Chicago StOne Bedroom1BR,1BA$1,600
Jefferson Block Apartments1 Bed / 1 Bath - 692 SF1BR,1BA$1,605
EvoniMendotaStudio,1BA$1,606
The Quin1F1BR,1BA$1,610
Cream City Lofts1 Bed/ 1 Bath1BR,1BA$1,705

Best Value Apartments for Rent in Historic Third Ward, WI

As of December 26, 2025 the best value apartment in the Historic Third Ward area is the $2.05 price per square foot 202, 302, 402 Model at Mitchell On Water in the in the Haymarket neighborhood starting from $3,780. The second greatest value Historic Third Ward apartment is the 202 Model at Pritzlaff Lofts starting at $2,900 with a $1.65 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for Historic Third Ward apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mitchell On Water202, 302, 4022BR,2.5BA$2.05
Pritzlaff Lofts2022BR,1BA$1.65
Historic Fifth Ward Lofts3BR/2.0BA3BR,2BA$1.79
The Artisan Lofts Apartments3BR/2.0BA3BR,2BA$1.97
Teweles Seed Tower Apartments3 Bed / 2 Bath3BR,2BA$1.57
Oregon Apartments1BR/1.0BA1BR,1BA$1.76
321 JeffersonA4 - 1 Bed, 1 Bath1BR,1BA$2.02
Chicago Street Lofts031BR,1BA$2.11
The Quin1F1BR,1BA$2.00
Castings Place ApartmentsType A1BR,1BA$1.97

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in areas across the United States and customized analysis for Central Milwaukee. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Historic Third Ward Apartments

What is a cheap apartment in Historic Third Ward?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Historic Third Ward is under $1,705.

What is the price of a cheap apartment in Historic Third Ward?

The cheapest apartment in Historic Third Ward is Castings Place Apartments which is listed at $1,475, while the average apartment in Historic Third Ward costs $4,649.

What types of apartments are the cheapest in Historic Third Ward?

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 3 regular apartments in Historic Third Ward 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 Historic Third Ward?

Cheap apartments in Historic Third Ward have an average cost of $146 which is $4,503 cheaper than the average rent for all rentals in Historic Third Ward.

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.

Articles, How-To's, and Tips

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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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.