Cheap Apartments for Rent in the Lake Park Neighborhood of Milwaukee, WI from $500 (207 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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1203 E Brady St
$1,145 - $1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,145 - $1,500
Total Monthly Price
$1,145 - $1,500
1 to 3 Bedroom Apartment Available Now

1203 E Brady St

1203 E Brady StMilwaukee, WI 53202
Cost Per Sq.Ft.
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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 3 Beds unit found at The Park at 1824 Student Apartments priced from $615. Buckingham Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Lake Park apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
The Park at 1824 Student ApartmentsRenovated 3 Bedroom Apartment3BR,2BA$615
Buckingham ApartmentsSmall StudioStudio,1BA$725
1417 N. Prospect Avenue1417 StudiosStudio,1BA$775
1851 N Oakland Ave1BR/1.0BA1BR,1BA$795
Maryland Arms ApartmentsStudioStudio,1BA$800
Edgeview ApartmentsTwo Bedroom2BR,1BA$850
Oakland1 Bed / 1 Bath1BR,1BA$907
Lake CrestInterior1BR,1BA$910
Royal Plaza Apartments1A1BR,1BA$925
The Empire BuildingStudioStudio,1BA$950

Best Value Apartments for Rent in Lake Park, WI

As of April 09, 2026 the best value apartment in the Lake Park area is the $1.10 price per square foot Unit 1 Model at 1700 - 1702 N Farwell Ave in the in the Haymarket neighborhood starting from $2,095. The second greatest value Lake Park apartment is the 3 Bedroom Model at 2611-2613 N Stowell Ave starting at $2,100 with a $1.31 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.
1700 - 1702 N Farwell AveUnit 12BR,1.5BA$1.10
2611-2613 N Stowell Ave3 Bedroom3BR,1.5BA$1.31
2000 E Newberry Blvd, Unit Lower2000 E Newberry Blvd3BR,1BA$1.30
1773 N Astor St, Unit lower flat1773 N Astor St3BR,1BA$1.16
1228 E Brady St, Unit A1228 E Brady St2BR,1BA$1.27
1649 N Warren Ave, Unit Lower1649 N Warren Ave2BR,1BA$1.05
Edgeview ApartmentsTwo Bedroom2BR,1BA$0.88
Royall Villas2 Bed / 1 Bath2BR,1BA$1.37
Belleview Terrace Apartments2BD/1BA2BR,1BA$1.11
The Park at 1824 Student ApartmentsRenovated 2 Bedroom Apartment2BR,1BA$1.17

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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

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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
Lake Park, Milwaukee, WI

Ranked #30

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 $950.

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

The cheapest apartment in Lake Park is 1851 N Oakland Ave which is listed at $795, while the average apartment in Lake Park costs $3,100.

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 6 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 $177 which is $2,923 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.

Articles, How-To's, and Tips

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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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