Cheap Apartments for Rent in the Jones Island Neighborhood of Milwaukee, WI from $400 (124 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Jones Island area of Milwaukee.

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

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

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Jones Island, Milwaukee, WI Local Guide

Cheapest Available Jones Island Apartments for Rent

 

The cheapest available apartment rental in the Jones Island area of Milwaukee, WI is a 1 Bed unit found at Schuster Historic Lofts priced from $486. University Crossing I has the second lowest priced unit, which is a Studio apartment currently listed from $685. Here are the most affordable Jones Island apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Schuster Historic LoftsOne Bedroom1BR,1BA$486
University Crossing IStudioStudio,1BA$685
Lakeside ApartmentsStudioStudio,1BA$695
McGuire FlatsStudioStudio,1BA$695
Colonial ApartmentsStudio *StandardStudio,1BA$725
Tioga ApartmentsCorner StudioStudio,1BA$725
Water Street ApartmentsStudioStudio,1BA$750
University Crossing IIStudioStudio,1BA$755
Marquee Communities1BR/1BA1BR,1BA$815
Lancaster Apartments2BR/1BA2BR,1BA$850

Best Value Apartments for Rent in Jones Island, WI

As of November 02, 2025 the best value apartment in the Jones Island area is the $1.49 price per square foot 1001 N Dr Martin Luther King Jr Dr Model at 1001 N Dr Martin Luther King Jr Dr, Unit 2 in the in the Haymarket neighborhood starting from $2,985. The second greatest value Jones Island apartment is the Two Bedroom Model at The Germania starting at $1,122 with a $0.92 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for Jones Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1001 N Dr Martin Luther King Jr Dr, Unit 21001 N Dr Martin Luther King Jr Dr1BR,1BA$1.49
The GermaniaTwo Bedroom2BR,1.5BA$0.92
City Hall Square Apartments2 Bed/2Bath Market Rate2BR,2BA$1.30
National Ave Lofts60% 2 Bed 2 Bath2BR,2BA$1.52
Schuster Historic LoftsStudioStudio ,1BA$1.07
Paper Box Lofts2B2BR,1BA$1.34
1301 W Greenfield Ave, Unit D1301 W Greenfield Ave1BR,1BA$1.39
Michigan Street CommonsThe District1BR,1BA$1.44
Lancaster Apartments2BR/1BA2BR,1BA$1.44
Tioga ApartmentsCorner StudioStudio ,1BA$1.53

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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Pet Friendly Lifestyle
Jones Island, Milwaukee, WI

Ranked #16

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Jones Island, Milwaukee, WI

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States including Jones Island, Milwaukee, and the greater Milwaukee area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Jones Island Neighborhood in Milwaukee, WI

Walk Score®

20 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

Transit Score®

42 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Jones Island Apartments

What is a cheap apartment in Jones Island?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Jones Island is under $850.

What is the price of a cheap apartment in Jones Island?

The cheapest apartment in Jones Island is Schuster Historic Lofts which is listed at $486, while the average apartment in Jones Island costs $9,000.

What types of apartments are the cheapest in Jones Island?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 67 regular apartments in Jones Island that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Jones Island?

Cheap apartments in Jones Island have an average cost of $148 which is $8,852 cheaper than the average rent for all rentals in Jones Island.

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.