Cheap Apartments for Rent in the Milwaukee River Parkway Neighborhood of Milwaukee, WI from $400 (63 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Milwaukee River Parkway 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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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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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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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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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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Northshore Apartments
Studio to 2 Bedroom Apartments

Northshore Apartments

4001-4015 N Oakland AveMilwaukee, 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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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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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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Florist Gardens
1 to 2 Bedroom Apartments

Florist Gardens

3402-3426 W Florist AveMilwaukee, WI 53209
Senior Living
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Riverwest Terrace
Studio to 2 Bedroom Apartments

Riverwest Terrace

1230 E Singer CirMilwaukee, WI 53212
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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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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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The Lydell
Rent Specials
$916 - $3,234
Total Monthly Price

Total Monthly Price

Base Rent
$916 - $3,234
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Studio to 3 Bedroom Apartments Available Now

The Lydell

5905 N Lydell AveGlendale, WI 53217
Corporate Housing
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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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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 Parkside Commons Senior Apartments priced from $698. 4603 N 29th St - 6 unit has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Milwaukee River Parkway apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Parkside Commons Senior ApartmentsOne Bedroom1BR,1BA$698
4603 N 29th St - 6 unit1BR/1.0BA1BR,1BA$750
4720 N 37th St. (8 Unit)1BR/1.0BA1BR,1BA$845
Glen Courts ApartmentsOne Bedroom1BR,1BA$860
Florist Gardens1/11BR,1BA$931
Park Village ApartmentsStudio*Studio,1BA$935
4651 N 36th St. (12 unit)(ACE PROPERTY)2BR/1.0BA2BR,1BA$945
Bishops Creek Family Housing2x12BR,1BA$1,081
Edison School Apartments1 Bedroom 1 Bath1BR,1BA$1,145

Best Value Apartments for Rent in Milwaukee River Parkway, WI

As of May 22, 2026 the best value apartment in the Milwaukee River Parkway area is the $1.51 price per square foot C Model at Parkside at Estabrook Apartments in the in the Estabrook Park neighborhood starting from $1,550. The second greatest value Milwaukee River Parkway apartment is the Unit 1 Model at 4951-4955-4961 N Santa Monica Blvd starting at $1,495 with a $1.50 price per square foot in the Estabrook Park 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.
Parkside at Estabrook ApartmentsC2BR,2BA$1.51
4951-4955-4961 N Santa Monica BlvdUnit 12BR,1BA$1.50
Charleston East Apartments2BR/1.5BA2BR,1.5BA$1.49
Bishops Creek Family Housing2x12BR,1BA$1.20
Parkside Commons Senior ApartmentsTwo Bedroom2BR,1BA$1.32
Silver Creek Village 55+ Senior ApartmentsOne Bedroom1BR,1BA$1.43
Edison School Apartments1 Bedroom 1 Bath1BR,1BA$1.50
4651 N 36th St. (12 unit)(ACE PROPERTY)2BR/1.0BA2BR,1BA$1.27
Glen Courts ApartmentsOne Bedroom1BR,1BA$1.43
4603 N 29th St - 6 unit1BR/1.0BA1BR,1BA$1.47

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

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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Best Local Schools in
Milwaukee River Parkway, Milwaukee, WI

School data provided by Great Schools

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 the price of a cheap apartment in Milwaukee River Parkway?

The cheapest apartment in Milwaukee River Parkway is Parkside Commons Senior Apartments which is listed at $698, 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 15 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 $139 which is $11,861 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.

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.

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

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.