Cheap Apartments for Rent in the Old World Third Street Neighborhood of Milwaukee, WI from $400 (149 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Old World Third Street area of Milwaukee.

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property at 2436 N 1st St

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925

1 Bedroom, 1 Bath Condo for Rent

Available Now

2436 N 1st St, Unit A

2436 N 1st St
MilwaukeeWI53212

A Local Expert's Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit

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property at 2457 N 1st St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Condo for Rent

Available Now

2457 N 1st St, Unit upper front

2457 N 1st St
MilwaukeeWI53212

Check Out Milwaukee’s Best Affordable Neighborhoods

Learn about Milwaukee and the best places to live with original content written by our Local Expert Tim Brown

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Old World Third Street, Milwaukee, WI Local Guide

Cheapest Available Old World Third Street Apartments for Rent

 

The cheapest available apartment rental in the Old World Third Street area of Milwaukee, WI is a Studio unit found at Fairmount Apartments priced from $675. University Crossing I has the second lowest priced unit, which is a Studio apartment currently listed from $685. Here are the most affordable Old World Third Street apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Fairmount ApartmentsEfficiencyStudio,1BA$675
University Crossing IStudioStudio,1BA$685
Tioga ApartmentsOne Bedroom1BR,1BA$695
Lakeside ApartmentsStudioStudio,1BA$695
McGuire FlatsStudioStudio,1BA$695
The Astor Hotel ApartmentsEfficiency StudioStudio,1BA$700
Marquee CommunitiesStudioStudio,1BA$705
Colonial ApartmentsStudio *StandardStudio,1BA$725
Buckingham ApartmentsSmall StudioStudio,1BA$725

Best Value Apartments for Rent in Old World Third Street, WI

As of July 30, 2026 the best value apartment in the Old World Third Street area is the $1.23 price per square foot 3 BR x 2 BA - D Loft Model at Blue Ribbon Lofts in the in the Haymarket neighborhood starting from $2,369. The second greatest value Old World Third Street apartment is the 2457 N 1st St Model at 2457 N 1st St, Unit front upper unit 2457 starting at $900 with a $0.60 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for Old World Third Street apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Blue Ribbon Lofts3 BR x 2 BA - D Loft3BR,2BA$1.23
2457 N 1st St, Unit front upper unit 24572457 N 1st St2BR,1BA$0.60
329 E Garfield Ave, Unit 1329 E Garfield Ave2BR,1.5BA$1.23
The GermaniaTwo Bedroom2BR,1.5BA$1.13
2407 N 6th St, Unit Rear Lower Unit2407 N 6th St2BR,1BA$1.11
1608 N Franklin Pl., Unit Upper1608 N Franklin Pl.2BR,1BA$1.32
2422 N Teutonia Ave, Unit Lower front2422 N Teutonia Ave2BR,1BA$1.33
1851 N Pulaski St, Unit B1851 N Pulaski St1BR,1BA$1.30
Tioga ApartmentsOne Bedroom1BR,1BA$1.16
1124 E Wright St, Unit 11241124 E Wright StStudio ,1BA$1.27

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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Pet Friendly Lifestyle
Old World Third Street, Milwaukee, WI

Ranked #25

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Old World Third Street, Milwaukee, WI

School data provided by Great Schools

Lifestyle Ratings

This website works hard to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Old World Third Street, Milwaukee, and the greater Milwaukee area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, transit availability, pet-friendly communities, apartment communities for the kids, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Old World Third Street Apartments

What is a cheap apartment in Old World Third Street?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old World Third Street is under $725.

What is the price of a cheap apartment in Old World Third Street?

The cheapest apartment in Old World Third Street is Tioga Apartments which is listed at $695, while the average apartment in Old World Third Street costs $2,395.

What types of apartments are the cheapest in Old World Third Street?

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 17 regular apartments in Old World Third Street 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 Old World Third Street?

Cheap apartments in Old World Third Street have an average cost of $400 which is $1,995 cheaper than the average rent for all rentals in Old World Third Street.

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

decorative image for An Insider's Guide to Apartment Living Near Milwaukee's Four Employer Clusters article

An Insider's Guide to Apartment Living Near Milwaukee's Four Employer Clusters

Written by: Tim Brown

Having grown up in Milwaukee and lived in Waukesha for several years, I have come to realize that the Milwaukee metro area offers diverse employment and housing opportunities.

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

A Local Expert's 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.

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 Finding The Best Affordable Milwaukee Neighborhoods to Rent article

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.

Articles, How-To's, and Tips

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