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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213 Broadway
1 to 2 Bedroom Apartments

213 Broadway

213 N BroadwayMilwaukee, WI 53202
  • Utilities Included
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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
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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 Maxwell Lofts priced from $1,410. Castings Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,475. Here are the most affordable Historic Third Ward apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Maxwell LoftsMaven1BR,1BA$1,410
Castings Place ApartmentsType A1BR,1BA$1,475
The Quin0AStudio,1BA$1,475
The YardsA3Studio,1BA$1,490
239 E Chicago StOne Bedroom1BR,1BA$1,550
Teweles Seed Tower Apartments1 Bed / 1 Bath1BR,1BA$1,550
EvoniMendotaStudio,1BA$1,596
Building 6 Apartments1BR/1.0BA1BR,1BA$1,675
Chicago Street Lofts031BR,1BA$1,700
Mayer MKE11BR,1BA$1,700

Best Value Apartments for Rent in Historic Third Ward, WI

As of September 14, 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
Pritzlaff Lofts2022BR,1BA$1.71
Grand Riverside2 Bed/2 Bath2BR,2BA$1.64
Teweles Seed Tower Apartments3 Bed / 2 Bath3BR,2BA$1.67
Historic Fifth Ward Lofts2BR/1.0BA2BR,1BA$1.56
Building 6 Apartments1BR/1.0BA1BR,1BA$1.77
Chicago Street Lofts031BR,1BA$2.11
Jefferson Block Apartments1 Bed / 1 Bath - 800 SF1BR,1BA$2.24
Castings Place ApartmentsType A1BR,1BA$1.97

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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 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 $1,700.

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

The cheapest apartment in Historic Third Ward is Maxwell Lofts which is listed at $1,410, while the average apartment in Historic Third Ward costs $4,577.

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 $156 which is $4,421 cheaper than the average rent for all rentals in Historic Third Ward.

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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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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