Cheap Homes for Rent in Milwaukee, WI from $600 (148 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article
property at 5827 N 65th St

$900

2 Bedroom, 1 Bath Townhome for Rent

Available Now

5827 N 65th St

MilwaukeeWI53218

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.

Read Article

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.

Read Article
Showing Results 1-50, Page 1 of 3

Milwaukee, WI Local Guide

Cheapest Neighborhoods for Apartments in Milwaukee, WI

Pricing Updated: 01/14/2026

Current apartment rentals in the Milwaukee, WI area range in price from $414 to $20,679 with an overall median price of $3,342. The three Milwaukee neighborhoods with the lowest median rent pricing are Concordia at $465, Valhalla at $950, and Uptown Milwaukee 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
Concordia$725$4652
Valhalla$1,099$9502
Uptown Milwaukee$1,187$90013
Old North Milwaukee$1,208$4828
Enderis Park$1,248$1,0503
Menomonee River Hills East$1,295$48258
West Side$1,303$65023
Franklin Heights$1,343$56074
Roosevelt Grove$1,343$65057
Silver Spring$1,347$9508

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 Apartments1 Bedroom 1 Bath1BR,1BA$482
Schuster Historic LoftsOne Bedroom1BR,1BA$486
The Park at 1824 Student ApartmentsRenovated 3 Bedroom Apartment3BR,2BA$615
CorlissSAWYER1BR,1BA$623
Edgewater EastOne Bedroom1BR,1BA$680
University Crossing IStudioStudio,1BA$685
Buckingham ApartmentsSmall StudioStudio,1BA$695
McGuire FlatsStudioStudio,1BA$695
Lakeside ApartmentsStudioStudio,1BA$695

Best Value Apartments for Rent in Milwaukee, WI

As of January 14, 2026 the best value apartment in the Milwaukee area is the $0.39 price per square foot 240 N 34th St Model at 240 N 34th St in the in the Haymarket neighborhood starting from $735. The second greatest value Milwaukee apartment is the 2Bd/1Bth Model at McKinley School Apartments, LLC starting at $948 with a $0.63 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.
240 N 34th St240 N 34th St1BR,1BA$0.39
McKinley School Apartments, LLC2Bd/1Bth2BR,1BA$0.63
University Row3 Bed 1 Bath3BR,1BA$0.83
4370 N 28th St, Unit Upper4370 N 28th St2BR,1BA$0.96
2569 N 61st St, Unit 25692569 N 61st St2BR,1BA$0.92
5950 N 69th St, Unit 59505950 N 69th St2BR,1BA$0.92
4552 W Wells St, Unit 64552 W Wells St2BR,1BA$0.98
Century Building2x22BR,2BA$0.87
Columbia Square1 Bed, 1 bath1BR,1BA$0.77
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.

Read Article
Decorative image

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.

Read Article
Decorative image

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
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Milwaukee, WI Rentals by Map

Decorative image of map

See the most popular apartments and homes in Milwaukee, WI

View Map
Milwaukee, WI Apartments Map
View Map
Milwaukee, WI Rental Homes Map

Frequently Asked Questions about Milwaukee

What type of rentals are currently available in Milwaukee?

There are currently 3658 Apartments for Rent in Milwaukee, WI with pricing that ranges from $465 to $15,000. There are also 404 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milwaukee ranging from $600 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 $600 to $6,000 with an average monthly rent of $2,271.

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 $955 to $4,500. 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

decorative image for Finding The Best Affordable Milwaukee Neighborhoods to Rent article

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.

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

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.