Cheap Apartments for Rent in the Riverwest Neighborhood of Milwaukee, WI from $500 (59 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Riverwest area of Milwaukee.

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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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property at 3451 N Booth St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Townhome for Rent

Available Now

3451 N Booth St

MilwaukeeWI53212
property at 2454 N Pierce St

$1,380

Total Monthly Price

Total Monthly Price

Base Rent
$1,380
Total Monthly Price
$1,380

2 Bedroom, 1 Bath Home for Rent

Available Jun 1

2454 N Pierce St

MilwaukeeWI53212

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.

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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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1819 N Cambridge Ave
Studio to 2 Bedroom Apartments

1819 N Cambridge Ave

1819 N Cambridge AveMilwaukee, WI 53202
  • Utilities Included
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Riverworks Lofts
1 to 2 Bedroom Apartments

Riverworks Lofts

3372 N Holton StMilwaukee, WI 53212
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Ingram Place
1 to 3 Bedroom Apartments

Ingram Place

456 E Brown StMilwaukee, WI 53212
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River Wood Apartments
1 to 2 Bedroom Apartments

River Wood Apartments

1200 E Singer CirMilwaukee, WI 53212
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1320 E Capitol Dr
1 to 3 Bedroom Apartments

1320 E Capitol Dr

1320 E Capitol DrMilwaukee, WI 53211
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1420 E Capitol
1 to 2 Bedroom Apartments

1420 E Capitol

1420 E Capitol DrMilwaukee, WI 53211
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1428 E Capitol Dr
1 Bedroom Apartments

1428 E Capitol Dr

1428 E Capitol DrMilwaukee, WI 53211
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800 E Chambers St
1 to 3 Bedroom Apartments

800 E Chambers St

800 E Chambers StMilwaukee, WI 53212
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Riverwest Terrace
Studio to 2 Bedroom Apartments

Riverwest Terrace

1230 E Singer CirMilwaukee, WI 53212
  • Utilities Included

A Local Expert's Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit

Uncover Milwaukee's affordable, vibrant neighborhoods and down-to-earth charm. Get a local expert's take on the city's renaissance, favorite traditions, and famous Gemütlichkeit (cozy spirit).

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Showing Results 1-50, Page 1 of 2

Riverwest, Milwaukee, WI Local Guide

Cheapest Available Riverwest Apartments for Rent

 

The cheapest available apartment rental in the Riverwest area of Milwaukee, WI is a 2 Beds unit found at RW Apartments I and II priced from $917. 3368-3374 N Booth St 6 unit has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here are the most affordable Riverwest apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
RW Apartments I and II2x2 965sf2BR,2BA$917
3368-3374 N Booth St 6 unit2BR/1.0BA2BR,1BA$950
The Cambridge Place1 Beds, 1 Baths1BR,1BA$1,150
Ingram PlaceG MR1BR,1BA$1,245
Cambridge NorthNORTH "B"Studio,1BA$1,245
Eighteen871 Bedrooms 1 Bath1BR,1BA$1,400
Flats 1809One Bedroom1BR,1BA$1,415

Best Value Apartments for Rent in Riverwest, WI

As of May 21, 2026 the best value apartment in the Riverwest area is the $1.33 price per square foot 2313 N Holton St Model at 2313 N Holton St in the in the Haymarket neighborhood starting from $1,380. The second greatest value Riverwest apartment is the 2x2 965sf Model at RW Apartments I and II starting at $917 with a $0.95 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for Riverwest apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2313 N Holton St2313 N Holton St2BR,1BA$1.33
RW Apartments I and II2x2 965sf2BR,2BA$0.95
Flats 1809One Bedroom W/Den1BR,1BA$1.93
3368-3374 N Booth St 6 unit2BR/1.0BA2BR,1BA$1.06
1131 E Kane Pl, Unit 11131 E Kane Pl2BR,1BA$1.47
Ingram PlaceG MR1BR,1BA$1.68
1851 N Pulaski St, Unit B1851 N Pulaski St1BR,1BA$1.30
Oaks of Shorewood ApartmentsA11BR,1BA$2.49
Eighteen871 Bedrooms 1 Bath1BR,1BA$2.32
The Cambridge Place1 Beds, 1 Baths1BR,1BA$1.92

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.

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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.

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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.

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Pet Friendly Lifestyle
Riverwest, Milwaukee, WI

Ranked #62

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Riverwest Apartments

What is a cheap apartment in Riverwest?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Riverwest is under $1,415.

What is the price of a cheap apartment in Riverwest?

The cheapest apartment in Riverwest is The Cambridge Place which is listed at $1,150, while the average apartment in Riverwest costs $2,617.

What types of apartments are the cheapest in Riverwest?

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 Riverwest 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 Riverwest?

Cheap apartments in Riverwest have an average cost of $137 which is $2,480 cheaper than the average rent for all rentals in Riverwest.

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

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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.

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.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.