Cheap Apartments for Rent in the Near South Side Neighborhood of Milwaukee, WI from $400 (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Near South Side 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.

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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3030-3032 W Pierce St
Studio to 1 Bedroom Apartments

3030-3032 W Pierce St

3030-3032 W Pierce StMilwaukee, WI 53215
  • 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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Wyngate Apartments
Studio to 1 Bedroom Apartments

Wyngate Apartments

3006-3014 W Pierce StMilwaukee, WI 53215
  • Utilities Included
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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
  • Utilities Included
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1608 S 23rd St
1 Bedroom Apartments

1608 S 23rd St

1608 S 23rd StMilwaukee, WI 53204
  • Utilities Included
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Walker Apartments
Studio to 1 Bedroom Apartments

Walker Apartments

1219 W Walker StMilwaukee, WI 53204
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Mitchell Pointe
1 Bedroom Apartments

Mitchell Pointe

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

Becher Terrace (55+)

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

Golden Domes

1620 S 6th 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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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. Burnham Hill Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $906. 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
Burnham Hill ApartmentsOne Bedroom1BR,1BA$906
Seven04 Place Apartments50% 1 Bed 1 Bath1BR,1BA$941
Paper Box Lofts2B2BR,1BA$1,036
Knitting Factory Loft ApartmentsOne Bedroom1BR,1BA$1,147
Chapel Garden ApartmentsLifestyle: Senior - 2BR2BR,1BA$1,166
The Alexander Lofts1 Bedroom1BR,1BA$1,250
Element ApartmentsXenonStudio,1BA$1,325

Best Value Apartments for Rent in Near South Side, WI

As of October 31, 2025 the best value apartment in the Near South Side area is the $1.75 price per square foot 2 Beds, 2 Baths Model at Mercantile Lofts in the in the Haymarket neighborhood starting from $1,700. The second greatest value Near South Side apartment is the 1BR/1.0BA Model at Granary Lofts starting at $1,575 with a $1.73 price per square foot in the Haymarket 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.
Mercantile Lofts2 Beds, 2 Baths2BR,2BA$1.75
Granary Lofts1BR/1.0BA1BR,1BA$1.73
Knitting Factory Loft ApartmentsOne Bedroom1BR,1BA$1.30
Schuster Historic LoftsStudioStudio ,1BA$1.07
Paper Box Lofts2B2BR,1BA$1.34
Chapel Garden ApartmentsLifestyle: Senior - 1BR1BR,1BA$1.57
1301 W Greenfield Ave, Unit D1301 W Greenfield Ave1BR,1BA$1.39
2048 S Layton Blvd, Unit 2048A Upper2048 S Layton Blvd2BR,1BA$1.44
Seven04 Place Apartments50% 1 Bed 1 Bath1BR,1BA$1.61
Burnham Hill ApartmentsOne Bedroom1BR,1BA$1.65

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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Pet Friendly Lifestyle
Near South Side, Milwaukee, WI

Ranked #135

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Near South Side Apartments

What is a cheap apartment in Near South Side?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Near South Side is under $1,325.

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 $1,450.

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 11 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 $381 which is $1,069 cheaper than the average rent for all rentals in Near South Side.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.