Cheap Homes for Rent in Milwaukee, WI from $600 (268 Rentals)

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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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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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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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property at 2640 N Holton St

2640 N Holton St

MilwaukeeWI53212

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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Milwaukee, WI Local Guide

Cheapest Neighborhoods for Apartments in Milwaukee, WI

Pricing Updated: 10/14/2025

Current apartment rentals in the Milwaukee, WI area range in price from $600 to $7,800 with an overall median price of $2,557. The three Milwaukee neighborhoods with the lowest median rent pricing are Saint Joseph at $875, Uptown Milwaukee at $875, and Silver Spring at $900. 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$875$8751
Uptown Milwaukee$1,172$8755
Silver Spring$1,250$9004
Freedom Village$1,350$8003
Hilltop Parish$1,350$1,0952
Midtown Milwaukee$1,350$1,1502
North Granville$1,350$1,3501
North Meadow$1,350$1,3501
Northridge$1,350$1,0952
Northridge Lakes$1,350$8003

Cheapest Available Milwaukee Apartments for Rent

 

The cheapest available apartment rental in Milwaukee, WI is a 1 Bed unit found at Edison School Apartments in the Far North Side neighborhood priced from $482. Schuster Historic Lofts in the Near South Side neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $486. Here is today’s list of the most affordable Milwaukee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Edison School Apartments1Bd/1Bth1BR,1BA$482
Schuster Historic LoftsOne Bedroom1BR,1BA$486
The Regent Senior & The Oxford1 Bedroom - Income restricted 30% 551BR,1BA$530
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 October 14, 2025 the best value apartment in the Milwaukee area is the $0.82 price per square foot 5702 W Oklahoma Ave Model at 5702 W Oklahoma Ave, Unit 5702 in the in the Southwest Side neighborhood starting from $1,625. The second greatest value Milwaukee apartment is the #4 Model at 2188 S Robinson Ave starting at $1,500 with a $0.83 price per square foot in the Clarke Square 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.
5702 W Oklahoma Ave, Unit 57025702 W Oklahoma Ave2BR,1BA$0.82
2188 S Robinson Ave#43BR,2BA$0.83
3407 W Pierce St, Unit Upper- pierce3407 W Pierce St4BR,1BA$0.79
2457 N 1st St, Unit front rear unit2457 N 1st St2BR,1BA$0.60
University Row3 Bed 1 Bath3BR,1BA$0.83
2470 S 9th St, Unit Lower2470 S 9th St3BR,1BA$0.93
2634 N 24th St, Unit Lower2634 N 24th St2BR,1BA$0.79
Century Building2x22BR,2BA$0.85
Edgeview ApartmentsTwo Bedroom2BR,1BA$0.88
4130 N 91st St, Unit 3B4130 N 91st St2BR,1BA$0.83

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

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Frequently Asked Questions about Milwaukee

What type of rentals are currently available in Milwaukee?

There are currently 3654 Apartments for Rent in Milwaukee, WI with pricing that ranges from $465 to $15,000. There are also 509 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milwaukee ranging from $600 to $7,800.

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 $600 to $7,800 with an average monthly rent of $2,304.

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 $925 to $3,800. Four Bedroom Single-Family rentals are also available starting from $1,395 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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.