Cheap Homes for Rent in Milwaukee, WI from $600 (146 Rentals)

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Search the lowest-cost Homes available for rent right now in 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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property at 5675 W Brown Deer Rd

$850 - $900

Total Monthly Price

Total Monthly Price

Base Rent
$850 - $900
Total Monthly Price
$850 - $900

1 Bedroom, 1 Bath Condo for Rent

Available Now

5675 W Brown Deer Rd

Brown DeerWI53223

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.

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property at 3244 N Downer Ave

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Now

3244 N Downer Ave

MilwaukeeWI53211

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 2436 N 1st St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Condo for Rent

Available Now

2436 N 1st St, Unit A, Unit A

2436 N 1st St
MilwaukeeWI53212
property at 2756 N 44th St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Townhome for Rent

Available Now

2756 N 44th St

MilwaukeeWI53210
property at 2438 N 1st St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

1 Bedroom, 1 Bath Townhome for Rent

Available Now

2438 N 1st St

MilwaukeeWI53212

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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Showing Results 1-50, Page 1 of 3

Milwaukee, WI Local Guide

Cheapest Neighborhoods for Apartments in Milwaukee, WI

Pricing Updated: 04/15/2026

Current apartment rentals in the Milwaukee, WI area range in price from $795 to $4,950 with an overall median price of $2,225. The three Milwaukee neighborhoods with the lowest median rent pricing are Saint Joseph at $1,000, Old North Milwaukee at $925, and Far North Side at $925. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Milwaukee Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Saint Joseph$1,000$1,0001
Old North Milwaukee$1,250$9255
Far North Side$1,350$92512
Jackson Park$1,350$9002
Silver Spring$1,400$1,0005
Southwest Side$1,400$1,4003
Florist Highlands$1,425$1,0003
Parkway Hills$1,425$1,0007
Golden Gate$1,464$1,0984
Near North Side$1,500$1,0009

Cheapest Available Milwaukee Apartments for Rent

 

The cheapest available apartment rental in Milwaukee, WI is a 1 Bed unit found at Schuster Historic Lofts in the Near South Side neighborhood priced from $486. The Park at 1824 Student Apartments in the Haymarket neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $615. Here is today’s list of the most affordable Milwaukee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Schuster Historic LoftsOne Bedroom1BR,1BA$486
The Park at 1824 Student ApartmentsRenovated 3 Bedroom Apartment3BR,2BA$615
CorlissFOUNDRY1BR,1BA$623
University Crossing IStudioStudio,1BA$685
Fairmount ApartmentsEfficiencyStudio,1BA$695
2214-2220 W Hopkins St. (8 Unit)1BR/1.0BA1BR,1BA$695
McGuire FlatsStudioStudio,1BA$695
Lakeside ApartmentsStudioStudio,1BA$695
Parkside Commons Senior ApartmentsOne Bedroom1BR,1BA$698
The Astor Hotel ApartmentsEfficiency StudioStudio,1BA$700

Best Value Apartments for Rent in Milwaukee, WI

As of April 15, 2026 the best value apartment in the Milwaukee area is the $0.68 price per square foot 2769 N 27th St Model at 2769 N 27th St, Unit Upper in the in the Haymarket neighborhood starting from $1,300. The second greatest value Milwaukee apartment is the 2955 N 66th St Model at 2955 N 66th St, Unit 201 starting at $1,050 with a $0.70 price per square foot in the Grasslyn Manor 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.
2769 N 27th St, Unit Upper2769 N 27th St3BR,1BA$0.68
2955 N 66th St, Unit 2012955 N 66th St2BR,1BA$0.70
6011 W Lapham St, Unit upper6011 W Lapham St3BR,1BA$0.93
McKinley School Apartments, LLC2Bd/1Bth2BR,1BA$0.63
University Row3 Bed 1 Bath3BR,1BA$0.87
Heritage at City Center - 55+ Senior Living2 Bedroom 1 Bath 50%2BR,2BA$0.94
Columbia Square1 Bed, 1 bath1BR,1BA$0.77
Rivercourt Apartments2 BR/1 BA2BR,1BA$0.95
Edgeview ApartmentsTwo Bedroom2BR,1BA$0.88
3935 N 13th St, Unit Lower3935 N 13th St2BR,1BA$0.99

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Milwaukee, WI Rentals by Map

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See the most popular apartments and homes in Milwaukee, WI

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Frequently Asked Questions about Milwaukee

What type of rentals are currently available in Milwaukee?

There are currently 3746 Apartments for Rent in Milwaukee, WI with pricing that ranges from $474 to $25,015. There are also 386 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milwaukee ranging from $645 to $4,500.

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 $645 to $4,500 with an average monthly rent of $1,825.

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 $570 to $9,470, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,548 and Four Bedroom Apartments start at $1,350.

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.

Articles, How-To's, and Tips

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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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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.