Cheap Homes for Rent in Milwaukee, WI from $700 (183 Rentals)

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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 1663 S 6th St

1663 S 6th St

MilwaukeeWI53204

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 2640 N Holton St

2640 N Holton St

MilwaukeeWI53212

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 5320 N 39th St

5320 N 39th St

MilwaukeeWI53209
property at 139 S 72nd St

139 S 72nd St, Unit A

139 S 72nd St
MilwaukeeWI53214

Check Out Milwaukee’s Best Affordable Neighborhoods

Learn about Milwaukee and the best places to live with original content written by our Local Expert Tim Brown

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Milwaukee, WI Local Guide

Cheapest Neighborhoods for Apartments in Milwaukee, WI

Pricing Updated: 06/18/2025

Current apartment rentals in the Milwaukee, WI area range in price from $460 to $19,521 with an overall median price of $3,210. The three Milwaukee neighborhoods with the lowest median rent pricing are Concordia at $545, Enderis Park at $1,050, and Lincoln Creek at $525. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Milwaukee Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Concordia$635$5452
Enderis Park$1,150$1,0505
Lincoln Creek$1,325$52591
Saint Joseph$1,347$8252
Silver Spring$1,350$1,2952
Far South Side$1,395$79921
Alverno College$1,450$82533
Southpoint$1,450$79563
Wahl Park$1,466$57770
Hampton Heights$1,500$57737

Cheapest Available Milwaukee Apartments for Rent

 

The cheapest available apartment rental in Milwaukee, WI is a Studio unit found at Garden Place (55+) in the River View neighborhood priced from $410. The Regent Senior & The Oxford in the Grantosa Heights neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $482. Here is today’s list of the most affordable Milwaukee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Garden Place (55+)Studio - Income RestrictedStudio,1BA$410
The Regent Senior & The Oxford1 Bedroom - Income Restricted 30%1BR,1BA$482
Chapel Garden ApartmentsLifestyle: Senior - 1 BR1BR,1BA$523
The Residences at ThriveOn KingOne Bedroom Loft1BR,1BA$525
GARDEN TERRACE SENIOR APARTMENTS1 BED 1 BATH1BR,1BA$622
Becher Terrace (55+)One Bedroom1BR,1BA$655
Marquee CommunitiesStudioStudio,1BA$685
University Crossing IStudioStudio,1BA$685

Best Value Apartments for Rent in Milwaukee, WI

As of June 18, 2025 the best value apartment in the Milwaukee area is the $0.53 price per square foot Townhome Model at Rooted & Rising Apartments & Townhomes in the in the Grasslyn Manor neighborhood starting from $1,050. The second greatest value Milwaukee apartment is the 709 E Brady St Model at 709 E Brady St, Unit 1 starting at $1,400 with a $0.78 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for Milwaukee apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Rooted & Rising Apartments & TownhomesTownhome3BR,2.5BA$0.53
709 E Brady St, Unit 1709 E Brady St3BR,1BA$0.78
2955 N 66th St, Unit 2012955 N 66th St2BR,1BA$0.70
2457 N 1st St, Unit front back2457 N 1st St1BR,1BA$0.60
McKinley School Apartments, LLC2Bd/1Bth2BR,1BA$0.63
2970 N 37th St, Unit 2972 N 37th Street2970 N 37th St3BR,1BA$0.71
1945 N 5th St, Unit 41945 N 5th St1BR,1BA$0.92
Chapel Garden ApartmentsLifestyle: Senior - 1 BR1BR,1BA$0.71
GARDEN TERRACE SENIOR APARTMENTS1 BED 1 BATH1BR,1BA$0.86
Becher Terrace (55+)One Bedroom1BR,1BA$0.94

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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Frequently Asked Questions about Milwaukee

What type of rentals are currently available in Milwaukee?

There are currently 3597 Apartments for Rent in Milwaukee, WI with pricing that ranges from $460 to $19,127. There are also 350 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milwaukee ranging from $750 to $4,900.

What is the current price range for Rental Homes in Milwaukee?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Milwaukee ranges from $750 to $4,900 with an average monthly rent of $1,766.

How much are larger Three and Four Bedroom Rentals in Milwaukee?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Milwaukee range from $569 to $19,127, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $4,900. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $676.

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.