Cheap Apartments for Rent in the Lake Park Neighborhood of Milwaukee, WI from $500 (214 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Showing Results 1-50, Page 1 of 5

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 $513. Edgewater East has the second lowest priced unit, which is a 1 Bed apartment currently listed from $680. 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$513
Edgewater EastOne Bedroom1BR,1BA$680
Buckingham ApartmentsSmall StudioStudio,1BA$695
1503-15 E Kane PlRENT SPECIAL- 25, 27Studio,1BA$725
Maryland Arms ApartmentsStudioStudio,1BA$750
1417 N. Prospect Avenue1417 StudiosStudio,1BA$775
1026 LyonRent Special 103+ 204Studio,1BA$795
Royal Plaza Apartments1A1BR,1BA$845
Prospect DownsOne-Bedroom1BR,1BA$850

Best Value Apartments for Rent in Lake Park, WI

As of August 04, 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 1712 E Park Pl Model at 1712 E Park Pl, Unit 1 starting at $1,700 with a $1.06 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
1712 E Park Pl, Unit 11712 E Park Pl3BR,1BA$1.06
1203 E Brady St, Unit A1203 E Brady St3BR,1.5BA$1.19
2597 N Murray Ave, Unit 32597 N Murray Ave3BR,1BA$1.20
2411 N Cramer St, Unit 2411 N Cramer St2411 N Cramer St3BR,1BA$1.15
2313 E Webster PlThree Bedroom3BR,2BA$1.18
Viking2 Bed / 1.5 Bath2BR,1.5BA$1.20
1682 N Franklin Pl, Unit Lower1682 N Franklin Pl2BR,1BA$1.00
3127 N Bartlett Ave, Unit 23127 N Bartlett Ave3BR,1BA$1.12
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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Lake Park, Milwaukee, WI

Ranked #31

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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 $513 at RW Apartments I and II.

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 2313 E Webster Pl and starts from $1,500.

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.