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.

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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Evoni
$1,768 - $8,216
Total Monthly Price

Total Monthly Price

Base Rent
$1,768 - $8,216
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Evoni

615 E Corcoran AveMilwaukee, WI 53202
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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property at 210 S Water St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200
Total Monthly Price
$2,200

2 Bedroom, 2 Bath Condo for Rent

Available May 1

210 S Water St, Unit 416, Unit 416

210 S Water St
MilwaukeeWI53204
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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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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

A Local Expert's Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit

Uncover Milwaukee's affordable, vibrant neighborhoods and down-to-earth charm. Get a local expert's take on the city's renaissance, favorite traditions, and famous Gemütlichkeit (cozy spirit).

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333 Water
Studio to 3 Bedroom Apartments

333 Water

333 N Water StMilwaukee, WI 53202
property at 234 N Broadway

$2,000 - $2,100

1 To 2 Bedroom Rentals

Available Now

234 N Broadway

MilwaukeeWI53202
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 Studio unit found at Maxwell Lofts priced from $1,217. Chicago Street Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,325. Here are the most affordable Historic Third Ward apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Maxwell LoftsGradientStudio,1BA$1,217
Chicago Street LoftsFloor Plan 08Studio,1BA$1,325
The Quin0AStudio,1BA$1,475
Castings Place ApartmentsType A1BR,1BA$1,475
Teweles Seed Tower Apartments1 Bed / 1 Bath1BR,1BA$1,500
Brix Apartment LoftsOne Bedroom A21BR,1BA$1,595
239 E Chicago StOne Bedroom1BR,1BA$1,600
EvoniMendotaStudio,1BA$1,768
Gaslight & Corcoran Lofts1CStudio,1BA$1,798
333 WaterB2Studio,1BA$2,278

Best Value Apartments for Rent in Historic Third Ward, WI

As of April 30, 2026 the best value apartment in the Historic Third Ward area is the $1.61 price per square foot D Model at Cream City Lofts in the in the Haymarket neighborhood starting from $2,995. The second greatest value Historic Third Ward apartment is the 3BR/2.0BA Model at Historic Fifth Ward Lofts starting at $2,650 with a $1.75 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.
Cream City LoftsD3BR,2BA$1.61
Historic Fifth Ward Lofts3BR/2.0BA3BR,2BA$1.75
321 JeffersonB2 (Luxe Kitchen)2BR,2BA$2.50
The YardsC62BR,2BA$2.28
Timber Lofts MKE2A2BR,1BA$2.37
Teweles Seed Tower Apartments2 Bed / 1 Bath2BR,1BA$2.32
Castings Place ApartmentsType A1BR,1BA$1.97
Brix Apartment LoftsOne Bedroom A21BR,1BA$2.19
Chicago Street LoftsFloor Plan 08Studio ,1BA$2.61
Maxwell LoftsGradientStudio ,1BA$2.60

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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 the Cheapest Studio apartment in Historic Third Ward?

Currently the most affordable Cheap Studio Apartment in Historic Third Ward is at Maxwell Lofts listed at $1,217.

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 $1,475 at Castings Place Apartments.

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 $1,875 at Castings Place Apartments.

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 $2,650.

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.

decorative image for A Local Experts Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit article

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.