Cheap Homes for Rent in Old World Third Street Neighborhood of Milwaukee, WI from $900 (20 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 2436 N 1st St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Condo for Rent

Available Now

2436 N 1st St, Unit A

2436 N 1st St
MilwaukeeWI53212

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 2438 N 1st St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Townhome for Rent

Available Now

2438 N 1st St

MilwaukeeWI53212

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.

property at 270 E Highland Ave

$1,545

Total Monthly Price

Total Monthly Price

Base Rent
$1,545

Total Monthly Price
$1,545

1 Bedroom, 1 Bath Condo for Rent

Available Aug 31

270 E Highland Ave, Unit 215

270 E Highland Ave
MilwaukeeWI53202

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.

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 RW Apartments I and II priced from $559. 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
RW Apartments I and II1x1 683sf1BR,1BA$559
University Crossing IStudioStudio,1BA$685
1315 CassFront EfficiencyStudio,1BA$695
Fairmount ApartmentsEfficiencyStudio,1BA$695
Lakeside ApartmentsStudioStudio,1BA$695

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

As of June 09, 2026 the best value apartment in the Old World Third Street area is the $0.60 price per square foot 2457 N 1st St Model at 2457 N 1st St, Unit front rear unit in the in the Haymarket neighborhood starting from $900. The second greatest value Old World Third Street apartment is the 2B Model at Riverside Lofts starting at $1,730 with a $1.33 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.
2457 N 1st St, Unit front rear unit2457 N 1st St2BR,1BA$0.60
Riverside Lofts2B2BR,1BA$1.33
The Griot Apartments3 Bed 1 Bath3BR,1BA$1.52
Michigan Street CommonsThe Riverwalk2BR,2BA$1.26
City Place Apartments2B1B2BR,1BA$1.34
1608 N Franklin Pl., Unit Upper1608 N Franklin Pl.2BR,1BA$1.41
1851 N Pulaski St, Unit B1851 N Pulaski St1BR,1BA$1.30
Marquee Communities1BR/1BA1BR,1BA$1.31
Brewery Point1x11BR,1BA$1.48
Lancaster Apartments2BR/1BA2BR,1BA$1.44

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 Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Old World Third Street, Milwaukee, WI

Ranked #23

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Old World Third Street

What type of rentals are currently available in Old World Third Street?

There are currently 459 Apartments for Rent in Old World Third Street, WI with pricing that ranges from $522 to $16,127. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old World Third Street ranging from $950 to $3,099.

What is the current price range for Rental Homes in Old World Third Street?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Old World Third Street ranges from $950 to $3,099 with an average monthly rent of $1,642.

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 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.

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 A Local Experts Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit article

A Local Experts 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 An Insiders Guide to Apartment Living Near Milwaukee's Four Employer Clusters  article

An Insiders 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.

Articles, How-To's, and Tips

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.