
Cheap Apartments for Rent in the Park Place Neighborhood of Milwaukee, WI from $400 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Park Place area of Milwaukee.

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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.

N88W14750 Main St, Unit Menomonee Falls Studios

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Trillium Terrace Apartments
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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.
Park Place, Milwaukee, WI Local Guide

How much does it cost to rent an apartment in Park Place?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Park Place Studio Apartments | $675 | $675 | $675 |
| Park Place 1 Bedroom Apartments | $1,595 | $910 | $3,715 |
| Park Place 2 Bedroom Apartments | $2,045 | $1,070 | $4,305 |
| Park Place 3 Bedroom Apartments | $1,568 | $1,568 | $1,568 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Park Place Neighborhood of Milwaukee, WI.
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Park Place, Milwaukee, WI Local Guide
- Nearby Milwaukee neighborhoods
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Cheapest Available Park Place Apartments for Rent
 The cheapest available apartment rental in the Park Place area of Milwaukee, WI is a 1 Bed unit found at GARDEN TERRACE SENIOR APARTMENTS priced from $622. 9401 W Calumet Rd has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Park Place apartments for rent in Milwaukee, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| GARDEN TERRACE SENIOR APARTMENTS | 1 BED 1 BATH | 1BR,1BA | $622 |
| 9401 W Calumet Rd | 1 Bed, 1 bath | 1BR,1BA | $995 |
| Northwoods Apartments | 2 Bed 1 Bath | 2BR,1BA | $1,095 |
| Meetinghouse | Two Bedroom | 2BR,2BA | $1,151 |
| St. James Place | A1 | 1BR,1BA | $1,240 |
Best Value Apartments for Rent in Park Place, WI
As of November 10, 2025 the best value apartment in the Park Place area is the $1.67 price per square foot D1 Model at The Woodlands Apartments in the in the Park Knoll neighborhood starting from $1,795. The second greatest value Park Place apartment is the Townhome Model at Village Square Townhomes starting at $1,595 with a $1.52 price per square foot in the North Granville neighborhood. Here is today’s list of the best values for Park Place apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Woodlands Apartments | D1 | 2BR,2BA | $1.67 |
| Village Square Townhomes | Townhome | 2BR,1.5BA | $1.52 |
| Meetinghouse | Two Bedroom | 2BR,2BA | $1.17 |
| Northwoods Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.22 |
| Jade at North Hills | B1 | 1BR,1BA | $1.91 |
| Arbor Ridge | Sapphire | 1BR,1BA | $1.80 |
| Sunset Ridge | Haven A Remodel | 1BR,1BA | $1.91 |
| St. James Place | A2 | 1BR,1BA | $1.87 |
| GARDEN TERRACE SENIOR APARTMENTS | 1 BED 1 BATH | 1BR,1BA | $0.86 |
| N88W14750 Main St, Unit Menomonee Falls Studios | N88W14750 Main St | Studio ,1BA | $1.69 |
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.
Read ArticleDon'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 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.
Pet Friendly LifestylePark Place, Milwaukee, WI
Ranked #146
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Park Place Neighborhood in Milwaukee, WI
Walk Score®
14 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
35 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
36 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Park Place Apartments
What is the price of a cheap apartment in Park Place?
The cheapest apartment in Park Place is GARDEN TERRACE SENIOR APARTMENTS which is listed at $622, while the average apartment in Park Place costs $1,975.
What types of apartments are the cheapest in Park Place?
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 2 regular apartments in Park Place that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.










