Cheap Apartments for Rent in the Old World Third Street Neighborhood of Milwaukee, WI from $400 (140 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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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 1 Bed unit found at The Residences at ThriveOn King priced from $525. Edgewater East has the second lowest priced unit, which is a 1 Bed apartment currently listed from $680. Here are the most affordable Old World Third Street apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
The Residences at ThriveOn KingOne Bedroom Loft1BR,1BA$525
Edgewater EastOne Bedroom1BR,1BA$680
Marquee CommunitiesStudioStudio,1BA$685
University Crossing IStudioStudio,1BA$685
Buckingham ApartmentsSmall StudioStudio,1BA$695
Fairmount ApartmentsEfficiencyStudio,1BA$695
Lakeside ApartmentsStudioStudio,1BA$695
The Astor Hotel ApartmentsEfficiency StudioStudio,1BA$700
Colonial ApartmentsStudio *StandardStudio,1BA$725
Lancaster Apartments1BR/1BA1BR,1BA$750

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

As of July 09, 2025 the best value apartment in the Old World Third Street area is the $0.78 price per square foot 709 E Brady St Model at 709 E Brady St, Unit 1 in the in the Haymarket neighborhood starting from $1,400. The second greatest value Old World Third Street apartment is the 2457 N 1st St Model at 2457 N 1st St, Unit front back 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.
709 E Brady St, Unit 1709 E Brady St3BR,1BA$0.78
2457 N 1st St, Unit front back2457 N 1st St1BR,1BA$0.60
1638 N 15th St, Unit 16381638 N 15th St3BR,1BA$1.07
1682 N Franklin Pl, Unit Lower1682 N Franklin Pl2BR,1BA$1.04
1228 E Brady St, Unit B1228 E Brady St2BR,1BA$1.23
Summerfield1 Bed / 1 Bath + Den1BR,1BA$1.19
718 E Pearson St, Unit 2 bedroom Rear Lower718 E Pearson St2BR,1BA$1.10
The GermaniaTwo Bedroom2BR,1.5BA$1.14
Michigan Street Commons2/22BR,2BA$1.25
Edgewater EastOne Bedroom1BR,1BA$1.27

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Pet Friendly Lifestyle
Old World Third Street, Milwaukee, WI

Ranked #20

Among neighborhoods in Milwaukee, WI 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 $750.

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

The cheapest apartment in Old World Third Street is The Residences at ThriveOn King which is listed at $525, while the average apartment in Old World Third Street costs $3,410.

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 25 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 $632 which is $2,778 cheaper than the average rent for all rentals in Old World Third Street.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.