Cheap Homes for Rent in Milwaukee, WI from $700 (203 Rentals)

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Search the lowest-cost Homes available for rent right now in Milwaukee.

property at 5852 N 32nd St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

1 Bedroom, 1 Bath Townhome for Rent

Available Mar 1

5852 N 32nd St

MilwaukeeWI53209

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.

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.

property at 2972 N 51st St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Now

2972 N 51st St

MilwaukeeWI53210
property at 5650 W Wahner Ave

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

1 Bedroom, 1 Bath Condo for Rent

Available Apr 1

5650 W Wahner Ave, Unit 110

5650 W Wahner Ave
Brown DeerWI53223
property at 4756 N 19th Pl

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

2 Bedroom, 1 Bath Townhome for Rent

Available Now

4756 N 19th Pl, Unit 4756 N 19th pl

4756 N 19th Pl
MilwaukeeWI53209
property at 5710 N 97th St

$935

Total Monthly Price

Total Monthly Price

Base Rent
$935

Total Monthly Price
$935

2 Bedroom, 1 Bath Home for Rent

Available Now

5710 N 97th St

MilwaukeeWI53225

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.

property at 3984 N 37th St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

3984 N 37th St

MilwaukeeWI53216
property at 1206 S 73rd St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Townhome for Rent

Available Apr 1

1206 S 73rd St, Unit 1206 Upper

1206 S 73rd St
West AllisWI53214
property at 3625 W Capitol Dr

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

3625 W Capitol Dr

MilwaukeeWI53216

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.

property at 3921 E Layton Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

Studio, 1 Bath Townhome for Rent

Available Mar 1

3921 E Layton Ave, Unit Lower

3921 E Layton Ave
CudahyWI53110

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.

Milwaukee, WI Local Guide

Cheapest Neighborhoods for Apartments in Milwaukee, WI

Pricing Updated: 02/28/2026

Current apartment rentals in the Milwaukee, WI area range in price from $414 to $15,000 with an overall median price of $2,393. The three Milwaukee neighborhoods with the lowest median rent pricing are Concordia at $525, Midtown Milwaukee at $805, and Roosevelt Grove at $650. 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$1,087$5254
Midtown Milwaukee$1,100$80516
Roosevelt Grove$1,125$65051
West Side$1,125$65022
Avenues West$1,200$67513
Far North Side$1,240$48212
Old North Milwaukee$1,240$4825
Grasslyn Manor$1,271$65041
Hampton Heights$1,295$48217
Lincoln Creek$1,295$48239

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. GARDEN PLACE APARTMENTS in the River View neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $490. Here is today’s list of the most affordable Milwaukee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Schuster Historic LoftsOne Bedroom1BR,1BA$486
GARDEN PLACE APARTMENTS1 BED 1 BATH1BR,1BA$490
The Park at 1824 Student ApartmentsRenovated 3 Bedroom Apartment3BR,2BA$615
CorlissTIMBERLINE1BR,1BA$623
1851 N Oakland Ave (18 Unit)0BR/1.0BAStudio,1BA$675
Edgewater EastOne Bedroom1BR,1BA$680
University Crossing IStudioStudio,1BA$685
Fairmount ApartmentsEfficiencyStudio,1BA$695
McGuire FlatsStudioStudio,1BA$695
Lakeside ApartmentsStudioStudio,1BA$695

Best Value Apartments for Rent in Milwaukee, WI

As of February 28, 2026 the best value apartment in the Milwaukee area is the $0.47 price per square foot 3758 N 41st St Model at 3758 N 41st St, Unit 1 in the in the Grasslyn Manor neighborhood starting from $1,000. The second greatest value Milwaukee apartment is the 1713 Maple St Model at 1713 Maple St, Unit #2 starting at $1,400 with a $0.88 price per square foot in the Mitchell Field 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.
3758 N 41st St, Unit 13758 N 41st St1BR,1BA$0.47
1713 Maple St, Unit #21713 Maple St2BR,1BA$0.88
1224 S Cesar E Chavez Dr, Unit UPPER1224 S Cesar E Chavez Dr3BR,2BA$0.88
McKinley School Apartments, LLC2Bd/1Bth2BR,1BA$0.63
University Row3 Bed 1 Bath3BR,1BA$0.83
4244 N 18th St, Unit Upper4244 N 18th St2BR,1BA$0.85
Century Building2x22BR,2BA$0.87
Columbia Square1 Bed, 1 bath1BR,1BA$0.77
GARDEN PLACE APARTMENTS2 BED 1 BATH2BR,1BA$0.86
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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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.

Read Article
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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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Frequently Asked Questions about Milwaukee

What type of rentals are currently available in Milwaukee?

There are currently 3660 Apartments for Rent in Milwaukee, WI with pricing that ranges from $474 to $15,000. There are also 413 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milwaukee ranging from $720 to $8,400.

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 $720 to $8,400 with an average monthly rent of $2,033.

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 $15,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $8,400. Four Bedroom Single-Family rentals are also available starting from $1,225 and Four Bedroom Apartments start at $870.

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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.