Cheap Apartments for Rent in the Mount Mary Neighborhood of Milwaukee, WI from $500 (65 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Mount Mary 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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Grantosa Crossing
Studio to 3 Bedroom Apartments

Grantosa Crossing

4335 N 104th StMilwaukee, WI 53222
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Imperial Apartments
1 to 2 Bedroom Apartments

Imperial Apartments

6766 W Appleton AveMilwaukee, WI 53216
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6701-6710 W Keefe Ave
2 Bedroom Apartments

6701-6710 W Keefe Ave

6701-6710 W Keefe AveMilwaukee, WI 53216
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3118-3132 N 76th St
2 Bedroom Apartments

3118-3132 N 76th St

3118-3132 N 76th StMilwaukee, WI 53222
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7005 W Center St
2 Bedroom Apartments

7005 W Center St

7005 W Center StMilwaukee, WI 53210
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3210 N 76th St
2 to 3 Bedroom Apartments

3210 N 76th St

3210 N 76th StMilwaukee, WI 53222
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Harwood Apartments
1 to 2 Bedroom Apartments

Harwood Apartments

7900 W Harwood AveMilwaukee, WI 53213
  • Utilities Included

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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Mount Mary, Milwaukee, WI Local Guide

Cheapest Available Mount Mary Apartments for Rent

 

The cheapest available apartment rental in the Mount Mary area of Milwaukee, WI is a Studio unit found at Waterfair Apartments priced from $990. The Terrace at Luther Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,224. Here are the most affordable Mount Mary apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Waterfair ApartmentsA6Studio,1BA$990
The Terrace at Luther ManorThe Evanston1BR,1BA$1,224
The Regent Senior & The Oxford3 Bedroom - Income Restricted 50%3BR,2BA$1,307
1600 TosaA Floorplan1BR,1BA$1,470
Harwood ApartmentsSpacious 2 bedroom in Wauwatosa2BR,1BA$1,510
Tosa Village2 Bedroom2BR,1BA$1,538
Pasadena ApartmentsPasadena 1-7301BR,1BA$1,625
Mayfair ReserveA41BR,1BA$1,751

Best Value Apartments for Rent in Mount Mary, WI

As of May 27, 2026 the best value apartment in the Mount Mary area is the $1.19 price per square foot 2744 N 92nd St Model at 2744 N 92nd St, Unit 2746 in the in the Capitol Heights neighborhood starting from $1,395. The second greatest value Mount Mary apartment is the 8012 W North Ave Model at 8012 W North Ave, Unit 4 starting at $1,350 with a $1.35 price per square foot in the Grasslyn Manor neighborhood. Here is today’s list of the best values for Mount Mary apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2744 N 92nd St, Unit 27462744 N 92nd St2BR,1BA$1.19
8012 W North Ave, Unit 48012 W North Ave2BR,1BA$1.35
River Parkway Senior Apts & Family Townhomes2A Market Rate 55+2BR,1BA$1.95
Tosa Village2 Bedroom2BR,1.5BA$1.62
Harwood ApartmentsSpacious 2 bedroom in Wauwatosa2BR,1.5BA$1.68
1600 TosaA Floorplan1BR,1BA$1.74
Watertown2 Bedroom, 1 Bath (C4)2BR,1BA$2.41
Mayfair ReserveA31BR,1BA$2.32
The Regent Senior & The Oxford1 Bedroom Market1BR,1BA$1.84
Pasadena ApartmentsPasadena 1-7301BR,1BA$2.23

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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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
Mount Mary, Milwaukee, WI

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Wisconsin, 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 convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Mount Mary Apartments

What is a cheap apartment in Mount Mary?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Mount Mary is under $1,751.

What is the price of a cheap apartment in Mount Mary?

The cheapest apartment in Mount Mary is The Terrace at Luther Manor which is listed at $1,224, while the average apartment in Mount Mary costs $11,702.

What types of apartments are the cheapest in Mount Mary?

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 20 regular apartments in Mount Mary 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 Mount Mary?

Cheap apartments in Mount Mary have an average cost of $187 which is $11,515 cheaper than the average rent for all rentals in Mount Mary.

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.

decorative image for The Top Neighborhoods for Off-Campus Housing for Milwaukee-Area College Students article

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

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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.