Cheap Homes for Rent in Milwaukee, WI from $600 (128 Rentals)

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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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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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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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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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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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Milwaukee, WI Local Guide

Cheapest Neighborhoods for Apartments in Milwaukee, WI

Pricing Updated: 11/29/2025

Current apartment rentals in the Milwaukee, WI area range in price from $414 to $15,000 with an overall median price of $3,252. The three Milwaukee neighborhoods with the lowest median rent pricing are Menomonee River Hills East at $556, Uptown Milwaukee at $750, and Capitol Heights at $667. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Milwaukee Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Menomonee River Hills East$1,192$55649
Uptown Milwaukee$1,195$75013
Capitol Heights$1,295$66745
Dineen Park$1,295$65053
Silver Spring$1,295$9955
West Side$1,303$61525
Hilltop Parish$1,350$62249
Alverno College$1,370$95023
Columbus Park$1,378$75036
Long View$1,378$75033

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 Regent Senior & The Oxford in the Mount Mary College neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $530. 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 Regent Senior & The Oxford1 Bedroom - Income restricted 30% 551BR,1BA$530
CorlissSAWYER1BR,1BA$623
Edgewater EastOne Bedroom1BR,1BA$680
University Crossing IStudioStudio,1BA$685
Buckingham ApartmentsSmall StudioStudio,1BA$695
Fairmount ApartmentsEfficiencyStudio,1BA$695
Lakeside ApartmentsStudioStudio,1BA$695
McGuire FlatsStudioStudio,1BA$695

Best Value Apartments for Rent in Milwaukee, WI

As of November 29, 2025 the best value apartment in the Milwaukee area is the $0.46 price per square foot 3210 N 40th St Model at 3210 N 40th St, Unit 3210 in the in the Grasslyn Manor neighborhood starting from $800. The second greatest value Milwaukee apartment is the 1726 N Arlington Pl Model at 1726 N Arlington Pl, Unit LowerUnit starting at $1,495 with a $1.00 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.
3210 N 40th St, Unit 32103210 N 40th St2BR,1BA$0.46
1726 N Arlington Pl, Unit LowerUnit1726 N Arlington Pl3BR,1BA$1.00
6011 W Lapham St, Unit upper6011 W Lapham St3BR,1BA$0.98
University Row3 Bed 1 Bath3BR,1BA$0.83
312 E Townsend St, Unit 312 e. Townsend312 E Townsend St3BR,1BA$0.89
4650 N 39th St, Unit 39th Street4650 N 39th St2BR,1BA$0.92
4370 N 28th St, Unit Upper4370 N 28th St2BR,1BA$0.88
Century Building2x22BR,2BA$0.87
Grand Avenue Lofts3x23BR,2BA$1.00
Edgeview ApartmentsTwo Bedroom2BR,1BA$0.88

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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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 3657 Apartments for Rent in Milwaukee, WI with pricing that ranges from $465 to $15,000. There are also 357 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milwaukee ranging from $695 to $6,000.

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 $695 to $6,000 with an average monthly rent of $2,305.

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 $750 to $15,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $870.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.