
Cheap Apartments for Rent in the Near South Side Neighborhood of Milwaukee, WI from $400 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Near South Side area of Milwaukee.


2474 S 5th Pl

1206 W Lincoln Ave

2366 S 9th St

2478 S 5th Pl

2621 W Pierce St
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.

531 W Virginia St

2621 W Pierce St

Seven04 Place Apartments

1630 W National Ave

Burnham Hill Apartments

3030-3032 W Pierce St
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.

Wyngate Apartments

Maria Linden Senior Apartments

Clarke Square Terrace (55+)

Paper Box Lofts

Walker Apartments

1608 S 23rd St
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.

Mitchell Pointe

Becher Terrace (55+)

Clarke Square Apartments

Clarke Square Apartments

Golden Domes

La Corona Apt
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.

1921-1923 W Greenfield Ave. (5 Unit)

Kunzelmann-Esser Lofts
Near South Side, Milwaukee, WI Local Guide

How much does it cost to rent an apartment in Near South Side?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Near South Side Studio Apartments | $1,177 | $880 | $1,475 |
| Near South Side 1 Bedroom Apartments | $1,502 | $486 | $2,790 |
| Near South Side 2 Bedroom Apartments | $1,785 | $795 | $3,989 |
| Near South Side 3 Bedroom Apartments | $1,991 | $1,298 | $4,059 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 1 mile radius of the Near South Side Neighborhood of Milwaukee, WI.
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Near South Side, Milwaukee, WI Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Schuster Historic Lofts | One Bedroom | 1BR,1BA | $486 |
| Seven04 Place Apartments | 50% 1 Bed 1 Bath | 1BR,1BA | $941 |
| 1630 W National Ave | 1 Bed, 1 bath | 1BR,1BA | $950 |
| Burnham Hill Apartments | One Bedroom | 1BR,1BA | $965 |
| La Corona Apt | 2 Bedroom HUD | 2BR,1BA | $1,011 |
| Knitting Factory Loft Apartments | One Bedroom | 1BR,1BA | $1,147 |
| The Block | One Bedroom | 1BR,1BA | $1,350 |
| Element Apartments | Silver | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Block | Two Bedroom | 2BR,2BA | $1.59 |
| 1224 S Cesar E Chavez Dr, Unit UPPER | 1224 S Cesar E Chavez Dr | 3BR,2BA | $0.88 |
| Granary Lofts | 2BR/2.0BA | 2BR,2BA | $1.98 |
| Mercantile Lofts | 2 Beds, 2 Baths | 2BR,2BA | $1.84 |
| Knitting Factory Loft Apartments | One Bedroom | 1BR,1BA | $1.30 |
| 1303 W Greenfield Ave, Unit 1B | 1303 W Greenfield Ave | 2BR,1BA | $1.47 |
| Schuster Historic Lofts | Studio | Studio ,1BA | $1.07 |
| La Corona Apt | 2 Bedroom HUD | 2BR,1BA | $1.44 |
| Seven04 Place Apartments | 50% 1 Bed 1 Bath | 1BR,1BA | $1.61 |
| Burnham Hill Apartments | One Bedroom | 1BR,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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Best Local Schools in Near South Side, Milwaukee, WI
Mitchell Integrated Arts School
School data provided by Great Schools
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

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.

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.

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.

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.