Cheap Homes for Rent in Park Place Neighborhood of Milwaukee, WI from $1,200 (6 Rentals)

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Search the lowest-cost Homes available for rent right now in the Park Place area of Milwaukee.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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.

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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.

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Park Place, Milwaukee, WI Local Guide

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 ListingModel NameBed/BathPriced From
Garden Place (55+)One Bedroom - Income Restricted1BR,1BA$490
GARDEN TERRACE SENIOR APARTMENTS1 BED 1 BATH1BR,1BA$622
MeetinghouseOne Bedroom1BR,1BA$960

Best Value Apartments for Rent in Park Place, WI

As of July 23, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Trillium Terrace ApartmentsThree Bedroom 2 bathroom3BR,2BA$1.09
The Woodlands ApartmentsD12BR,2BA$1.65
MeetinghouseTwo Bedroom2BR,2BA$1.69
Northwoods Apartments2 Bed 1 Bath2BR,1BA$1.22
Tennessen FlatsC11BR,1BA$2.00
Jade at North HillsB21BR,1BA$2.03
St. James PlaceA2 Remodel1BR,1BA$2.21
GARDEN TERRACE SENIOR APARTMENTS1 BED 1 BATH1BR,1BA$0.86
Garden Place (55+)One Bedroom - Income Restricted1BR,1BA$0.72
N88W14750 Main St, Unit Menomonee Falls StudiosN88W14750 Main StStudio ,1BA$1.69

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Frequently Asked Questions about Park Place

What type of rentals are currently available in Park Place?

There are currently 111 Apartments for Rent in Park Place, WI with pricing that ranges from $410 to $4,745. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Place ranging from $1,295 to $3,500.

What is the current price range for Rental Homes in Park Place?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Park Place ranges from $1,295 to $3,500 with an average monthly rent of $1,798.

How much are larger Three and Four Bedroom Rentals in Park Place?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Park Place range from $1,195 to $1,769, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $1,650. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,500.

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.