Cheap Apartments for Rent in the Historic Third Ward Neighborhood of Milwaukee, WI from $1,200 (32 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 Apartments

Corcoran Lofts

444 E Corcoran AveMilwaukee, WI 53202
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213 Broadway
1 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
1 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 1-32, 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 $1,375. 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
The Quin0AStudio,1BA$1,375
Castings Place ApartmentsType A1BR,1BA$1,475
239 E Chicago StOne Bedroom1BR,1BA$1,550
EvoniMendotaStudio,1BA$1,590
333 WaterA1-WStudio,1BA$1,641
Chicago Street Lofts061BR,1BA$1,660
Brix Apartment LoftsOne Bedroom A41BR,1BA$1,695
Jefferson Block Apartments1 Bed / 1 Bath - 798 SF1BR,1BA$1,766
DoMUS Apartments1A11BR,1BA$1,842
Teweles Seed Tower Apartments2 Bed / 1 Bath2BR,1BA$1,900

Best Value Apartments for Rent in Historic Third Ward, WI

As of July 25, 2025 the best value apartment in the Historic Third Ward area is the $2.00 price per square foot C1 - 3 Bed, 2.5 Bath Townhome Model at 321 Jefferson in the in the Haymarket neighborhood starting from $3,795. 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.
321 JeffersonC1 - 3 Bed, 2.5 Bath Townhome3BR,2.5BA$2.00
Mitchell On Water202, 302, 4022BR,2.5BA$2.05
Pritzlaff Lofts2022BR,1BA$1.71
Teweles Seed Tower Apartments3 Bed / 2 Bath3BR,2BA$1.95
Atelier Apartments2291-1E1BR,1BA$1.71
Mayer MKE111BR,1BA$2.00
Jackson Square ApartmentsJackson Square - D1BR,1.5BA$2.12
Chicago Street Lofts061BR,1BA$1.84
Jefferson Block Apartments1 Bed / 1 Bath - 798 SF1BR,1BA$2.21
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 $1,900.

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 $4,709.

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 $168 which is $4,541 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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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.