Cheap Apartments for Rent in the Lake Park Neighborhood of Milwaukee, WI from $500 (206 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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Harborside Apartments
$950 - $2,000
Total Monthly Price

Total Monthly Price

Base Rent
$900 - $1,950
Required Monthly Fees
$50
Total Monthly Price
$950 - $2,000
Studio to 2 Bedroom Apartments Available Now

Harborside Apartments

1570 N Prospect AveMilwaukee, WI 53202
Affordability
  • Verified
  • Utilities Included

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2206 E Locust St
$1,020 - $1,420
Total Monthly Price

Total Monthly Price

Base Rent
$1,020 - $1,420
Total Monthly Price
$1,020 - $1,420
Studio to 2 Bedroom Apartment Available Jun 1

2206 E Locust St

2206 E Locust StMilwaukee, WI 53211
Affordability
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2204 E Locust St
$1,020 - $4,270
Total Monthly Price

Total Monthly Price

Base Rent
$1,020 - $4,270
Total Monthly Price
$1,020 - $4,270
Studio to 6 Bedroom Apartment Available Now

2204 E Locust St

2204 E Locust StMilwaukee, WI 53211
Affordability
  • Smoke Free

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1649 N Warren Ave, Unit Lower
$1,150
Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150
2 Bedroom Apartment Available Mar 9

1649 N Warren Ave, Unit Lower

1649 N Warren AveMilwaukee, WI 53202
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Urbanite
$1,180 - $4,391
Total Monthly Price

Total Monthly Price

Base Rent
$1,155 - $4,366
Required Monthly Fees
$25
Total Monthly Price
$1,180 - $4,391
Studio to 3 Bedroom Apartments Available Now

Urbanite

1840 N Farwell AveMilwaukee, WI 53202
Furnished
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  • Customer Reviewed
  • 3D Tour

Navigating the Rental Market: Tips for First-Time Renters

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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 3 Beds unit found at The Park at 1824 Student Apartments priced from $615. 1851 N Oakland Ave (18 Unit) has the second lowest priced unit, which is a Studio apartment currently listed from $675. 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
1851 N Oakland Ave (18 Unit)0BR/1.0BAStudio,1BA$675
Edgewater EastOne Bedroom1BR,1BA$680
Buckingham ApartmentsSmall StudioStudio,1BA$725
Edgeview ApartmentsTwo Bedroom2BR,1BA$850
Carlton ApartmentsStudioStudio,1BA$895
Cumberland Apartments1 Bedroom1BR,1BA$895
Royal Plaza Apartments1A1BR,1BA$925
Cambridge Manor ApartmentsThe BradyStudio,1BA$935
The Empire BuildingStudioStudio,1BA$950

Best Value Apartments for Rent in Lake Park, WI

As of February 23, 2026 the best value apartment in the Lake Park area is the $1.17 price per square foot 2700 N Prospect Ave Model at 2700 N Prospect Ave, Unit 2700 in the in the Haymarket neighborhood starting from $2,800. The second greatest value Lake Park apartment is the 3BR/1.5BA Model at The Shamrock - West & East starting at $1,875 with a $1.21 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$1.17
The Shamrock - West & East3BR/1.5BA3BR,1.5BA$1.21
1726 N Arlington Pl, Unit LowerUnit1726 N Arlington Pl3BR,1BA$1.13
1624 N Warren Ave, Unit Lower1624 N Warren Ave2BR,1BA$1.14
1773 N Astor St, Unit lower flat1773 N Astor St3BR,1BA$1.16
2018 Oakland2BR/1.0BA2BR,1BA$1.05
3114 North Newhall Street2 Beds, 1 bath2BR,1BA$1.20
Edgeview ApartmentsTwo Bedroom2BR,1BA$0.88
The Park at 1824 Student ApartmentsRenovated 2 Bedroom Apartment2BR,1BA$1.17
Edgewater EastOne Bedroom1BR,1BA$1.27

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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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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 #34

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 Edgewater East which is listed at $680, while the average apartment in Lake Park costs $4,270.

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 $169 which is $4,101 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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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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Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.