Cheap Apartments for Rent in the Lake Park Neighborhood of Milwaukee, WI from $500 (213 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 1 Bed unit found at Edgewater East priced from $680. Buckingham Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here are the most affordable Lake Park apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Edgewater EastOne Bedroom1BR,1BA$680
Buckingham ApartmentsSmall StudioStudio,1BA$695
Royal Plaza ApartmentsStudioAStudio,1BA$825
Prospect DownsStudioStudio,1BA$840
ProspectiveStudioStudio,1BA$875
Lake CrestCorner1BR,1BA$900
The Empire BuildingStudioStudio,1BA$925
Royall Villas1 Bed / 1 Bath1BR,1BA$950

Best Value Apartments for Rent in Lake Park, WI

As of September 19, 2025 the best value apartment in the Lake Park area is the $1.13 price per square foot 2700 N Prospect Ave Model at 2700 N Prospect Ave, Unit 2700 in the in the Haymarket neighborhood starting from $2,700. The second greatest value Lake Park apartment is the 3BR/1.5BA Model at The Shamrock - West & East starting at $1,625 with a $1.05 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.
2700 N Prospect Ave, Unit 27002700 N Prospect Ave4BR,2BA$1.13
The Shamrock - West & East3BR/1.5BA3BR,1.5BA$1.05
1726 N Arlington Pl, Unit Lower Unit1726 N Arlington Pl3BR,1BA$1.00
1624 N Warren Ave, Unit Lower1624 N Warren Ave2BR,1BA$1.18
Viking2 Bed / 1.5 Bath2BR,1.5BA$1.16
2206 E Locust St, Unit 21202206 E Locust St2BR,1BA$1.14
Oakland Manor2 Bedroom 1 Bath2BR,1BA$1.04
3127 N Bartlett Ave, Unit 23127 N Bartlett Ave3BR,1BA$0.93
1755 N Arlington Pl, Unit 11755 N Arlington Pl2BR,1BA$1.16
The Park at 1824 Student Apartments2 Bedroom Apartment2BR,1BA$1.11

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Pet Friendly Lifestyle
Lake Park, Milwaukee, WI

Ranked #27

Among cities in Wisconsin 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 $680 at Edgewater East.

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 The Shamrock - West & East and starts from $1,625.

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.

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.

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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.