Cheap Apartments for Rent in the Lake Park Neighborhood of Milwaukee, WI from $500 (223 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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2582 N Cramer St
$800 - $1,300
Total Monthly Price

Total Monthly Price

Base Rent
$800 - $1,300
Total Monthly Price
$800 - $1,300
Studio to 1 Bedroom Apartment Available Now

2582 N Cramer St

2582 N Cramer StMilwaukee, WI 53211
Affordability

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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 RW Apartments I and II priced from $559. The Park at 1824 Student Apartments has the second lowest priced unit, which is a 3 Beds apartment currently listed from $699. Here are the most affordable Lake Park apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
RW Apartments I and II1x1 683sf1BR,1BA$559
The Park at 1824 Student ApartmentsRenovated 3 Bedroom Apartment3BR,2BA$699
1026 E Lyon StRENT SPECIAL - JULY FREE MONTH'S RENT FIRST FLOORStudio,1BA$700
Buckingham ApartmentsSmall StudioStudio,1BA$725
1417 N. Prospect Avenue1417 StudiosStudio,1BA$795
1466 N. Farwell Avenue1466 studioStudio,1BA$795
Royal Plaza ApartmentsStudioAStudio,1BA$825
1851 N Oakland Ave (18 Unit)1BR/1.0BA1BR,1BA$845
1029 E Knapp St1BR/1.0BA1BR,1BA$895
The Empire BuildingStudioStudio,1BA$900

Best Value Apartments for Rent in Lake Park, WI

As of July 09, 2026 the best value apartment in the Lake Park area is the $0.80 price per square foot Two Bedroom Model at Windsor Court Apartments in the in the Haymarket neighborhood starting from $1,600. The second greatest value Lake Park apartment is the 1900 N Oakland Ave Model at 1900 N Oakland Ave, Unit A starting at $1,700 with a $0.94 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.
Windsor Court ApartmentsTwo Bedroom2BR,1BA$0.80
1900 N Oakland Ave, Unit A1900 N Oakland Ave4BR,2BA$0.94
2738 N Murray Ave, Unit 27382738 N Murray Ave3BR,1BA$1.00
San Rafael Apartments3BR/1.0BA3BR,1BA$1.19
2611-2613 N Stowell Ave3 Bedroom3BR,1.5BA$1.31
The Shorecrest3 BR / 2 BA3BR,2BA$1.28
The Belleview Apartments2BR/1.0BA2BR,1BA$1.00
Summerfield2 Bed / 1 Bath + Den2BR,1BA$1.19
3018A N Oakland Ave, Unit 3018A3018A N Oakland Ave2BR,1BA$1.14
The Park at 1824 Student ApartmentsStandard 2 Bedroom Apartment2BR,1BA$1.21

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
Lake Park, Milwaukee, WI

Ranked #29

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.

Frequently Asked Questions about Cheap Lake Park Apartments

What is a cheap apartment in Lake Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Park is under $900.

What is the price of a cheap apartment in Lake Park?

The cheapest apartment in Lake Park is RW Apartments I and II which is listed at $559, while the average apartment in Lake Park costs $2,750.

What types of apartments are the cheapest in Lake Park?

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 12 regular apartments in Lake Park 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 Lake Park?

Cheap apartments in Lake Park have an average cost of $119 which is $2,631 cheaper than the average rent for all rentals in Lake Park.

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.

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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