141 N Water St
MilwaukeeWI53202
Cheap Homes for Rent in Historic Third Ward Neighborhood of Milwaukee, WI from $1,900 (3 Rentals)
Search the lowest-cost Homes 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.
234 N Broadway
MilwaukeeWI53202
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.
210 S Water St, Unit 416, Unit 416
210 S Water St
MilwaukeeWI53204
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Historic Third Ward, Milwaukee, WI Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in Historic Third Ward?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Historic Third Ward 2 Bedroom Homes for Rent | $2,774 | $2,200 | $3,348 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Historic Third Ward Neighborhood of Milwaukee, WI.
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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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cream City Lofts | D | 3BR,2BA | $1.61 |
| Historic Fifth Ward Lofts | 3BR/2.0BA | 3BR,2BA | $1.75 |
| 321 Jefferson | B2 (Luxe Kitchen) | 2BR,2BA | $2.50 |
| The Yards | C6 | 2BR,2BA | $2.28 |
| Timber Lofts MKE | 2A | 2BR,1BA | $2.37 |
| Teweles Seed Tower Apartments | 2 Bed / 1 Bath | 2BR,1BA | $2.32 |
| Castings Place Apartments | Type A | 1BR,1BA | $1.97 |
| Brix Apartment Lofts | One Bedroom A2 | 1BR,1BA | $2.19 |
| Chicago Street Lofts | Floor Plan 08 | Studio ,1BA | $2.61 |
| Maxwell Lofts | Gradient | Studio ,1BA | $2.60 |
Frequently Asked Questions about Historic Third Ward
What type of rentals are currently available in Historic Third Ward?
There are currently 59 Apartments for Rent in Historic Third Ward, WI with pricing that ranges from $1,217 to $8,216. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in Historic Third Ward ranging from $1,998 to $3,348.
What is the current price range for Rental Homes in Historic Third Ward?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Historic Third Ward ranges from $1,998 to $3,348 with an average monthly rent of $2,386.
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
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.
The Top Neighborhoods for Off-Campus Housing for Milwaukee-Area College Students
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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.
A Local Experts Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit
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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
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.
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.
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.
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.