Cheap Homes for Rent in Milwaukee, WI from $500 (206 Rentals)

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Milwaukee, WI Local Guide

Cheapest Neighborhoods for Apartments in Milwaukee, WI

Pricing Updated: 08/30/2025

Current apartment rentals in the Milwaukee, WI area range in price from $414 to $15,000 with an overall median price of $3,245. The three Milwaukee neighborhoods with the lowest median rent pricing are Concordia at $695, Silver Spring at $925, and Far North Side at $865. 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$895$6952
Silver Spring$1,150$9253
Far North Side$1,195$8658
Old North Milwaukee$1,195$8655
Wahl Park$1,195$55039
Uptown Milwaukee$1,250$90010
Hampton Heights$1,262$85030
Hilltop Parish$1,275$62254
North Granville$1,325$62221
McGovern Park$1,332$85031

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
MLK Library Apartments1x1-PBV1BR,1BA$513
2214-2220 W Hopkins St. (8 Unit)0BR/1.0BAStudio,1BA$550
Edgewater EastOne Bedroom1BR,1BA$680
University Crossing IStudioStudio,1BA$685
Buckingham ApartmentsSmall StudioStudio,1BA$695
Fairmount ApartmentsEfficiencyStudio,1BA$695
McGuire FlatsStudioStudio,1BA$695

Best Value Apartments for Rent in Milwaukee, WI

As of August 30, 2025 the best value apartment in the Milwaukee area is the $0.53 price per square foot Townhome Model at Rooted & Rising Apartments & Townhomes in the in the Grasslyn Manor neighborhood starting from $1,050. The second greatest value Milwaukee apartment is the 709 E Brady St Model at 709 E Brady St, Unit 1 starting at $1,300 with a $0.72 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.
Rooted & Rising Apartments & TownhomesTownhome3BR,2.5BA$0.53
709 E Brady St, Unit 1709 E Brady St3BR,2BA$0.72
3836 N Maryland Ave, Unit Upper3836 N Maryland Ave2BR,1BA$1.00
2457 N 1st St, Unit front back2457 N 1st St1BR,1BA$0.60
2970 N 37th St, Unit 2972 N 37th Street2970 N 37th St3BR,1BA$0.71
106-108 W Keefe Ave, Unit Rear Upper106-108 W Keefe Ave2BR,1BA$0.88
106 W Keefe Ave, Unit 4106 W Keefe Ave2BR,1BA$0.88
Grand Avenue Lofts2x1A2BR,1BA$0.87
2929 N 18th St, Unit Lower Unit2929 N 18th St2BR,1BA$0.86
4580 S 14th St, Unit Upper North4580 S 14th St1BR,1BA$0.88

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Frequently Asked Questions about Milwaukee

What type of rentals are currently available in Milwaukee?

There are currently 3670 Apartments for Rent in Milwaukee, WI with pricing that ranges from $486 to $15,000. There are also 511 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milwaukee ranging from $500 to $9,800.

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 $500 to $9,800 with an average monthly rent of $2,496.

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 $950 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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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.