Cheap Apartments for Rent in the Near South Side Neighborhood of Milwaukee, WI from $400 (26 Rentals)

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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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3030-3032 W Pierce St
Studio to 1 Bedroom Apartments

3030-3032 W Pierce St

3030-3032 W Pierce StMilwaukee, WI 53215
  • Utilities Included

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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Wyngate Apartments
Studio to 1 Bedroom Apartments

Wyngate Apartments

3006-3014 W Pierce StMilwaukee, WI 53215
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Clarke Square Terrace (55+)
Studio to 2 Bedroom Apartments

Clarke Square Terrace (55+)

1740 W Pierce StMilwaukee, WI 53204
Senior Living
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Paper Box Lofts
1 to 3 Bedroom Apartments

Paper Box Lofts

1560 W Pierce StMilwaukee, WI 53204
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Walker Apartments
Studio to 1 Bedroom Apartments

Walker Apartments

1219 W Walker StMilwaukee, WI 53204
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1608 S 23rd St
1 Bedroom Apartments

1608 S 23rd St

1608 S 23rd StMilwaukee, WI 53204
  • Utilities Included

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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Mitchell Pointe
1 Bedroom Apartments

Mitchell Pointe

1418 W Mitchell StMilwaukee, WI 53204
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Becher Terrace (55+)
1 to 2 Bedroom Apartments

Becher Terrace (55+)

1800 W Becher StMilwaukee, WI 53215
Senior Living
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Golden Domes
Studio to 3 Bedroom Apartments

Golden Domes

1620 S 6th StMilwaukee, WI 53204
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La Corona Apt
1 to 3 Bedroom Apartments

La Corona Apt

1655 S 3rd StMilwaukee, WI 53204

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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Kunzelmann-Esser Lofts
Studio to 2 Bedroom Apartments

Kunzelmann-Esser Lofts

710 W Historic Mitchell StMilwaukee, WI 53204
  • Utilities Included

Near South Side, Milwaukee, WI Local Guide

Cheapest Available Near South Side Apartments for Rent

 

The cheapest available apartment rental in the Near South Side area of Milwaukee, WI is a 1 Bed unit found at Schuster Historic Lofts priced from $486. Seven04 Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $941. Here are the most affordable Near South Side apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Schuster Historic LoftsOne Bedroom1BR,1BA$486
Seven04 Place Apartments50% 1 Bed 1 Bath1BR,1BA$941
1630 W National Ave1 Bed, 1 bath1BR,1BA$950
Burnham Hill ApartmentsOne Bedroom1BR,1BA$965
La Corona Apt2 Bedroom HUD2BR,1BA$1,011
Knitting Factory Loft ApartmentsOne Bedroom1BR,1BA$1,147
The BlockOne Bedroom1BR,1BA$1,350
Element ApartmentsSilverStudio,1BA$1,475

Best Value Apartments for Rent in Near South Side, WI

As of February 03, 2026 the best value apartment in the Near South Side area is the $1.59 price per square foot Two Bedroom Model at The Block in the in the Haymarket neighborhood starting from $2,800. The second greatest value Near South Side apartment is the 1224 S Cesar E Chavez Dr Model at 1224 S Cesar E Chavez Dr, Unit UPPER starting at $1,400 with a $0.88 price per square foot in the Near South Side neighborhood. Here is today’s list of the best values for Near South Side apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The BlockTwo Bedroom2BR,2BA$1.59
1224 S Cesar E Chavez Dr, Unit UPPER1224 S Cesar E Chavez Dr3BR,2BA$0.88
Granary Lofts2BR/2.0BA2BR,2BA$1.98
Mercantile Lofts2 Beds, 2 Baths2BR,2BA$1.84
Knitting Factory Loft ApartmentsOne Bedroom1BR,1BA$1.30
1303 W Greenfield Ave, Unit 1B1303 W Greenfield Ave2BR,1BA$1.47
Schuster Historic LoftsStudioStudio ,1BA$1.07
La Corona Apt2 Bedroom HUD2BR,1BA$1.44
Seven04 Place Apartments50% 1 Bed 1 Bath1BR,1BA$1.61
Burnham Hill ApartmentsOne Bedroom1BR,1BA$1.75

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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Frequently Asked Questions about Cheap Near South Side Apartments

What is the price of a cheap apartment in Near South Side?

The cheapest apartment in Near South Side is Schuster Historic Lofts which is listed at $486, while the average apartment in Near South Side costs $1,810.

What types of apartments are the cheapest in Near South Side?

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 9 regular apartments in Near South Side 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 Near South Side?

Cheap apartments in Near South Side have an average cost of $289 which is $1,521 cheaper than the average rent for all rentals in Near South Side.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

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.

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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.