Cheap Apartments for Rent in the Milwaukee River Parkway Neighborhood of Milwaukee, WI from $400 (50 Rentals)

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

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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4446 N 28th St
Studio to 2 Bedroom Apartments

4446 N 28th St

4446 N 28th StMilwaukee, WI 53209
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Pine Tree Apartments
1 Bedroom Apartments

Pine Tree Apartments

4903 N 39th StMilwaukee, WI 53209
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Sherman Gardens Apt.
1 to 2 Bedroom Apartments

Sherman Gardens Apt.

5940 N Sherman BlvdMilwaukee, WI 53209
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Continental House
1 to 3 Bedroom Apartments

Continental House

5301 N Teutonia AveMilwaukee, WI 53209
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Florist Gardens
1 to 2 Bedroom Apartments

Florist Gardens

3402-3426 W Florist AveMilwaukee, WI 53209
Senior Living
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3825 N Oakland Ave
1 to 3 Bedroom Apartments

3825 N Oakland Ave

3825 N Oakland AveMilwaukee, WI 53211
Student Housing
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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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Estelle Apartments
Studio to 2 Bedroom Apartments

Estelle Apartments

4455 N Oakland AveMilwaukee, WI 53211
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1320 E Capitol Dr
1 to 3 Bedroom Apartments

1320 E Capitol Dr

1320 E Capitol DrMilwaukee, WI 53211
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1420 E Capitol
1 to 2 Bedroom Apartments

1420 E Capitol

1420 E Capitol DrMilwaukee, WI 53211
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Northshore Apartments
Studio to 2 Bedroom Apartments

Northshore Apartments

4001-4015 N Oakland AveMilwaukee, WI 53211
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1428 E Capitol Dr
1 Bedroom Apartments

1428 E Capitol Dr

1428 E Capitol DrMilwaukee, WI 53211
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3819 N Oakland Ave
1 Bedroom Apartments

3819 N Oakland Ave

3819 N Oakland AveMilwaukee, WI 53211
Student Housing
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Riverwest Terrace
Studio to 2 Bedroom Apartments

Riverwest Terrace

1230 E Singer CirMilwaukee, WI 53212
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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425 E Henry Clay St
2 Bedroom Apartments

425 E Henry Clay St

425 E Henry Clay StMilwaukee, WI 53217
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Stratford Apartments
1 to 2 Bedroom Apartments

Stratford Apartments

4221 N Oakland AveMilwaukee, WI 53211
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4272 N Wilson
1 to 2 Bedroom Apartments

4272 N Wilson

4272 N Wilson DrShorewood, WI 53211
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1714 E Beverly Rd
1 Bedroom Apartments

1714 E Beverly Rd

1714 E Beverly RdShorewood, WI 53211
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Bay Manor
1 to 3 Bedroom Apartments

Bay Manor

125 W Silver Spring DrWhitefish Bay, WI 53217
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Ardmore Terrace
1 to 2 Bedroom Apartments

Ardmore Terrace

4012-4046 N Wilson DrShorewood, WI 53211
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Bay Colony I
2 Bedroom Apartments

Bay Colony I

189 E Fairmount AveWhitefish Bay, WI 53217
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330 E Clay St
1 to 3 Bedroom Apartments

330 E Clay St

330 E Clay StWhitefish Bay, WI 53217
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Diversey Manor
Studio to 2 Bedroom Apartments

Diversey Manor

501-513 E Silver Spring DrWhitefish Bay, WI 53217
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Chateau
Studio to 1 Bedroom Apartments

Chateau

1700 E Chateau PlWhitefish Bay, WI 53217
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4244 N Wilson Dr
2 Bedroom Apartments

4244 N Wilson Dr

4244 N Wilson DrShorewood, WI 53211
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800 E Henry Clay St
1 to 2 Bedroom Apartments

800 E Henry Clay St

800 E Henry Clay StWhitefish Bay, WI 53217
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Milwaukee River Parkway, Milwaukee, WI Local Guide

Cheapest Available Milwaukee River Parkway Apartments for Rent

 

The cheapest available apartment rental in the Milwaukee River Parkway area of Milwaukee, WI is a 1 Bed unit found at Edison School Apartments priced from $482. Parkside Commons Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $698. Here are the most affordable Milwaukee River Parkway apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Edison School Apartments1 Bedroom 1 Bath1BR,1BA$482
Parkside Commons Senior ApartmentsOne Bedroom1BR,1BA$698
Glen Courts ApartmentsOne Bedroom1BR,1BA$860
Ardmore Terrace1bd 1ba1BR,1BA$925
Silver Creek Village 55+ Senior ApartmentsOne Bedroom - Income Restricted1BR,1BA$990
Park Village ApartmentsStudio*Studio,1BA$999
512-524 E Henry Clay St - 12 Family2BR/1.0BA2BR,1BA$1,100

Best Value Apartments for Rent in Milwaukee River Parkway, WI

As of January 10, 2026 the best value apartment in the Milwaukee River Parkway area is the $0.96 price per square foot 4370 N 28th St Model at 4370 N 28th St, Unit Upper in the in the Grasslyn Manor neighborhood starting from $1,150. The second greatest value Milwaukee River Parkway apartment is the 4900 N 40th St Model at 4900 N 40th St starting at $1,295 with a $1.24 price per square foot in the Grasslyn Manor neighborhood. Here is today’s list of the best values for Milwaukee River Parkway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4370 N 28th St, Unit Upper4370 N 28th St2BR,1BA$0.96
4900 N 40th St4900 N 40th St3BR,1BA$1.24
512-524 E Henry Clay St - 12 Family2BR/1.0BA2BR,1BA$1.10
Edison School Apartments2 Bedroom 1 Bath2BR,1BA$1.40
3935 N 13th St, Unit Lower3935 N 13th St2BR,1BA$0.99
Parkside Commons Senior ApartmentsTwo Bedroom2BR,1BA$1.32
4758 N 19th Pl4758 N 19th Pl2BR,1BA$1.15
Florist Gardens2/22BR,1BA$1.38
Silver Creek Village 55+ Senior ApartmentsOne Bedroom1BR,1BA$1.38
5135 N 31st St, Unit A5135 N 31st St3BR,1BA$1.22

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Lifestyle Ratings

This website is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in areas across the United States, including Milwaukee. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, kid and pet-friendly communities, availability of transit options, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Milwaukee River Parkway Apartments

What is a cheap apartment in Milwaukee River Parkway?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Milwaukee River Parkway is under $1,100.

What is the price of a cheap apartment in Milwaukee River Parkway?

The cheapest apartment in Milwaukee River Parkway is Edison School Apartments which is listed at $482, while the average apartment in Milwaukee River Parkway costs $12,000.

What types of apartments are the cheapest in Milwaukee River Parkway?

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 17 regular apartments in Milwaukee River Parkway 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 Milwaukee River Parkway?

Cheap apartments in Milwaukee River Parkway have an average cost of $129 which is $11,871 cheaper than the average rent for all rentals in Milwaukee River Parkway.

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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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.