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.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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A Local Expert's Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit

Uncover Milwaukee's affordable, vibrant neighborhoods and down-to-earth charm. Get a local expert's take on the city's renaissance, favorite traditions, and famous Gemütlichkeit (cozy spirit).

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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 $725. Royal Plaza Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $825. Here are the most affordable Lake Park apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Buckingham ApartmentsSmall StudioStudio,1BA$725
Royal Plaza ApartmentsStudioAStudio,1BA$825
Edgeview ApartmentsTwo Bedroom2BR,1BA$850
Prospect HeightsCorner 1 Bed w/ Full Lake View1BR,1BA$895
Carlton ApartmentsStudioStudio,1BA$895
The Empire BuildingStudioStudio,1BA$900
Maryland Park Apartments0BR/1.0BAStudio,1BA$975
2021 E Park PlstudioStudio,1BA$999
Belleview Terrace Apartments1BD/1BA1BR,1BA$1,000

Best Value Apartments for Rent in Lake Park, WI

As of May 25, 2026 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 1773 N Astor St Model at 1773 N Astor St, Unit lower flat starting at $1,395 with a $1.12 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
1773 N Astor St, Unit lower flat1773 N Astor St3BR,1BA$1.12
3018A N Oakland Ave, Unit 3018A3018A N Oakland Ave2BR,1BA$1.36
1685 N Franklin Pl, Unit Upper Unit1685 N Franklin Pl3BR,1BA$1.48
Summerfield1 Bed / 1 Bath + Den1BR,1BA$1.22
DevonshireOne Bedroom1BR,1BA$1.25
Edgeview ApartmentsTwo Bedroom2BR,1BA$0.88
Belleview Terrace Apartments2BD/1BA2BR,1BA$1.11
1131 E Kane Pl, Unit 11131 E Kane Pl2BR,1BA$1.47
1851 N Pulaski St, Unit B1851 N Pulaski St1BR,1BA$1.30

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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Quick Rent Budget Calculator

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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 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 the Cheapest Studio apartment in Lake Park?

Currently the most affordable Cheap Studio Apartment in Lake Park is at Buckingham Apartments listed at $725.

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

The lowest price for a Cheap One Bedroom Lake Park Apartment is $850 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 $850 at Edgeview 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 2611-2613 N Stowell Ave and starts from $2,100.

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.

Helpful Local Expert Guides

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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 Top Neighborhoods for Off-Campus Housing for Milwaukee-Area College Students

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, many of the Milwaukee neighborhoods profiled here have been home to friends and family.

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A Local Experts Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, Milwaukee's neighborhoods have been home to friends and family for years.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.