Cheap Apartments for Rent in the Lake Park Neighborhood of Milwaukee, WI from $500 (205 Rentals)

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

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Lake Park, Milwaukee, WI Local Guide

Cheapest Available Lake Park Apartments for Rent

 

The cheapest available apartment rental in the Lake Park area of Milwaukee, WI is a Studio unit found at Buckingham Apartments priced from $695. 1417 N. Prospect Avenue has the second lowest priced unit, which is a Studio apartment currently listed from $765. Here are the most affordable Lake Park apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Buckingham ApartmentsSmall StudioStudio,1BA$695
1417 N. Prospect Avenue1417 StudiosStudio,1BA$765
OaklandStudioStudio,1BA$795
1026 LyonStudioStudio,1BA$795
Royal Plaza ApartmentsStudioAStudio,1BA$825
Prospect DownsOne-Bedroom1BR,1BA$850
Edgewater ApartmentsNo Availabilty1BR,1BA$850
Lake CrestInterior1BR,1BA$870
Carillon Apartments1 Bedroom - original1BR,1BA$900

Best Value Apartments for Rent in Lake Park, WI

As of June 08, 2025 the best value apartment in the Lake Park area is the $1.31 price per square foot 3 Bedroom Model at 2611-2613 N Stowell Ave in the in the Haymarket neighborhood starting from $2,100. The second greatest value Lake Park apartment is the 2956 -2958 North Cramer Street Model at 2956 -2958 North Cramer Street, Unit Lower starting at $1,775 with a $1.27 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for Lake Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2611-2613 N Stowell Ave3 Bedroom3BR,1.5BA$1.31
2956 -2958 North Cramer Street, Unit Lower2956 -2958 North Cramer Street3BR,1BA$1.27
Saxony ManorThree Bedroom (2129)3BR,1BA$1.42
Oakland Manor2 Bedroom 1 Bath2BR,1BA$1.05
Summerfield1 Bed / 1 Bath + Den1BR,1BA$1.16
The Belleview Apartments2BR/1.0BA2BR,1BA$1.14
1609 N. Prospect AvenueThe Virtue2BR,2BA$1.39
Belleview Terrace Apartments2BD/1BA2BR,1BA$1.11
The Shorecrest1 BR / 1 BA1BR,1BA$1.14
The Park at 1824 Student Apartments2 Bedroom Apartment2BR,1BA$1.11

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
Lake Park, Milwaukee, WI

Ranked #29

Among neighborhoods in Milwaukee, WI for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Lake Park, Milwaukee, and the greater Milwaukee area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, transit availability, pet-friendly communities, places to raise kids, and other valuable search options. These search options are in the site filters at the top of this page.

Getting Around the Lake Park Neighborhood in Milwaukee, WI

Walk Score®

66 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

72 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

39 / 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 Lake Park Apartments

What is the Cheapest Studio apartment in Lake Park?

Currently the most affordable Cheap Studio Apartment in Lake Park is at Buckingham Apartments listed at $695.

How much is rent for a Cheap One Bedroom Lake Park Apartment?

The lowest price for a Cheap One Bedroom Lake Park Apartment is $750 at Buckingham Apartments.

What is the lowest price for a Cheap Two Bedroom Lake Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Park is starting from $1,160 at Carillon Apartments.

What is the most affordable Lake Park Three Bedroom Apartment?

The best deal on a cheap Lake Park Three Bedroom Apartment rental is at Carriage Court and starts from $1,725.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.