Cheap Apartments for Rent in the Historic Third Ward Neighborhood of Milwaukee, WI from $1,200 (33 Rentals)

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

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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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Corcoran Lofts
Studio to 2 Bedroom Apartments

Corcoran Lofts

444 E Corcoran AveMilwaukee, WI 53202
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W Pointe Lofts
1 Bedroom Apartments

W Pointe Lofts

235 S 2nd StMilwaukee, WI 53204
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213 Broadway
1 to 2 Bedroom Apartments

213 Broadway

213 N BroadwayMilwaukee, WI 53202
  • Utilities Included
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239 E Chicago St
1 to 2 Bedroom Apartments

239 E Chicago St

239 E Chicago StMilwaukee, WI 53202
Transit Friendly
  • Smoke Free
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333 Water
Studio to 3 Bedroom Apartments

333 Water

333 N Water StMilwaukee, WI 53202
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Beam House
Studio to 2 Bedroom Apartments

Beam House

222 Freshwater WayMilwaukee, WI 53204
  • Utilities Included

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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property at 239 E Chicago St

239 E Chicago St

MilwaukeeWI53202
Showing Results 1-33, 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 Studio unit found at The Quin priced from $1,390. Maxwell Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,400. Here are the most affordable Historic Third Ward apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
The Quin0AStudio,1BA$1,390
Maxwell LoftsSpectrumStudio,1BA$1,400
Castings Place ApartmentsType A1BR,1BA$1,475
Teweles Seed Tower Apartments1 Bed / 1 Bath1BR,1BA$1,550
Brix Apartment LoftsOne Bedroom A41BR,1BA$1,595
Chicago Street Lofts101BR,1BA$1,600
333 WaterA1-WStudio,1BA$1,645
Cream City Lofts1 Bed / 1 Bath -1BR,1BA$1,650
Building 6 Apartments1BR/1.0BA1BR,1BA$1,650
Historic Fifth Ward Lofts2BR/2.0BA2BR,2BA$1,700

Best Value Apartments for Rent in Historic Third Ward, WI

As of November 02, 2025 the best value apartment in the Historic Third Ward area is the $2.06 price per square foot 3BR/3.0BA Model at Oregon Apartments in the in the Haymarket neighborhood starting from $3,950. The second greatest value Historic Third Ward apartment is the 202, 302, 402 Model at Mitchell On Water starting at $3,780 with a $2.05 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.
Oregon Apartments3BR/3.0BA3BR,3BA$2.06
Mitchell On Water202, 302, 4022BR,2.5BA$2.05
Grand Riverside2 Bed/2 Bath2BR,2BA$1.64
Historic Fifth Ward Lofts3BR/2.0BA3BR,2BA$1.79
The YardsC42BR,2BA$2.03
Jackson Square ApartmentsJackson Square - 1051BR,1BA$1.66
Building 6 Apartments1BR/1.0BA1BR,1BA$1.75
Chicago Street Lofts031BR,1BA$2.11
Teweles Seed Tower Apartments1 Bed / 1 Bath1BR,1BA$1.95
Castings Place ApartmentsType A1BR,1BA$1.97

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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!

Getting Around the Historic Third Ward Neighborhood in Milwaukee, WI

Walk Score®

89 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

85 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

67 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Historic Third Ward Apartments

What is the Cheapest Studio apartment in Historic Third Ward?

Currently the most affordable Cheap Studio Apartment in Historic Third Ward is at The Quin listed at $1,390.

How much is rent for a Cheap One Bedroom Historic Third Ward Apartment?

The lowest price for a Cheap One Bedroom Historic Third Ward Apartment is $1,453 at Maxwell Lofts.

What is the lowest price for a Cheap Two Bedroom Historic Third Ward Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Historic Third Ward is starting from $1,572 at Maxwell Lofts.

What is the most affordable Historic Third Ward Three Bedroom Apartment?

The best deal on a cheap Historic Third Ward Three Bedroom Apartment rental is at Historic Fifth Ward Lofts and starts from $2,700.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.