
Cheap Apartments for Rent in the Park Place Neighborhood of Milwaukee, WI from $400 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Park Place area of Milwaukee.


GARDEN TERRACE SENIOR APARTMENTS

Meetinghouse
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N88W14750 Main St, Unit Menomonee Falls Studios

N88W16775-W16775 Main St

Alta Mira II Senior Apartments
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.
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 | $620 | $410 | $720 |
Park Place 1 Bedroom Apartments | $1,538 | $490 | $4,415 |
Park Place 2 Bedroom Apartments | $2,160 | $1,020 | $4,750 |
Park Place 3 Bedroom Apartments | $1,486 | $1,195 | $1,769 |
Park Place 4 Bedroom Apartments | $1,500 | $1,500 | $1,500 |
Browse Apartments in this Neighborhood
There are currently 14 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
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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 Place (55+) priced from $490. GARDEN TERRACE SENIOR APARTMENTS has the second lowest priced unit, which is a 1 Bed apartment currently listed from $622. Here are the most affordable Park Place apartments for rent in Milwaukee, WI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Garden Place (55+) | One Bedroom - Income Restricted | 1BR,1BA | $490 |
GARDEN TERRACE SENIOR APARTMENTS | 1 BED 1 BATH | 1BR,1BA | $622 |
Meetinghouse | One Bedroom | 1BR,1BA | $960 |
Northwoods Apartments | 2 Bed 1 Bath | 2BR,1BA | $1,095 |
St. James Place | A1 | 1BR,1BA | $1,265 |
Best Value Apartments for Rent in Park Place, WI
As of July 22, 2025 the best value apartment in the Park Place area is the $1.09 price per square foot Three Bedroom 2 bathroom Model at Trillium Terrace Apartments in the in the North Granville neighborhood starting from $1,769. The second greatest value Park Place apartment is the D1 Model at The Woodlands Apartments starting at $1,775 with a $1.65 price per square foot in the Park Knoll 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. |
---|---|---|---|
Trillium Terrace Apartments | Three Bedroom 2 bathroom | 3BR,2BA | $1.09 |
The Woodlands Apartments | D1 | 2BR,2BA | $1.65 |
Meetinghouse | Two Bedroom | 2BR,2BA | $1.69 |
Northwoods Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.22 |
Tennessen Flats | C1 | 1BR,1BA | $2.00 |
Jade at North Hills | B2 | 1BR,1BA | $2.03 |
St. James Place | A2 Remodel | 1BR,1BA | $2.21 |
GARDEN TERRACE SENIOR APARTMENTS | 1 BED 1 BATH | 1BR,1BA | $0.86 |
Garden Place (55+) | One Bedroom - Income Restricted | 1BR,1BA | $0.72 |
N88W14750 Main St, Unit Menomonee Falls Studios | N88W14750 Main St | Studio ,1BA | $1.69 |
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Pet Friendly LifestylePark Place, Milwaukee, WI
Ranked #148
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet 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 Place (55+) which is listed at $490, while the average apartment in Park Place costs $1,995.
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 3 regular apartments in Park Place 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 Park Place?
Cheap apartments in Park Place have an average cost of $224 which is $1,771 cheaper than the average rent for all rentals in Park Place.
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.

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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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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.

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.