Cheap Apartments for Rent in the Schlitz Park Neighborhood of Milwaukee, WI from $400 (435 Rentals)

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

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.

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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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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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Navigating the Rental Market: Tips for First-Time Renters

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Schlitz Park, Milwaukee, WI Local Guide

Cheapest Available Schlitz Park Apartments for Rent

 

The cheapest available apartment rental in the Schlitz Park area of Milwaukee, WI is a 3 Beds unit found at The Park at 1824 Student Apartments priced from $615. Edgewater East has the second lowest priced unit, which is a 1 Bed apartment currently listed from $680. Here are the most affordable Schlitz Park apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
The Park at 1824 Student ApartmentsRenovated 3 Bedroom Apartment3BR,2BA$615
Edgewater EastOne Bedroom1BR,1BA$680
University Crossing IStudioStudio,1BA$685
Buckingham ApartmentsSmall StudioStudio,1BA$695
Fairmount ApartmentsEfficiencyStudio,1BA$695
McGuire FlatsStudioStudio,1BA$695
Lakeside ApartmentsStudioStudio,1BA$695
The Astor Hotel ApartmentsEfficiency StudioStudio,1BA$700
Belleview Park ApartmentsEfficiencyStudio,1BA$700

Best Value Apartments for Rent in Schlitz Park, WI

As of December 27, 2025 the best value apartment in the Schlitz Park area is the $1.04 price per square foot 2700 N Prospect Ave Model at 2700 N Prospect Ave, Unit 2700 in the in the Haymarket neighborhood starting from $2,500. The second greatest value Schlitz Park apartment is the 1203 E Brady St Model at 1203 E Brady St, Unit A starting at $1,500 with a $0.99 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for Schlitz Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2700 N Prospect Ave, Unit 27002700 N Prospect Ave4BR,2BA$1.04
1203 E Brady St, Unit A1203 E Brady St3BR,1.5BA$0.99
1726 N Arlington Pl, Unit LowerUnit1726 N Arlington Pl3BR,1BA$1.00
University Row3 Bed 1 Bath3BR,1BA$0.83
McKinley School Apartments, LLC3Bd/2Bth3BR,2BA$1.02
Century Building2x22BR,2BA$0.87
Oakland Manor2 Bedroom 1 Bath2BR,1BA$1.03
Grand Avenue Lofts3x23BR,2BA$1.00
Edgeview ApartmentsTwo Bedroom2BR,1BA$0.88
401 E Lloyd St, Unit 401401 E Lloyd St2BR,1BA$1.00

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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The 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.

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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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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.

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Pet Friendly Lifestyle
Schlitz Park, Milwaukee, WI

Ranked #2

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Schlitz Park, Milwaukee, WI

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States, including Milwaukee. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, transit availability, pet-friendly communities, family-friendly amenities, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Schlitz Park Apartments

What is a cheap apartment in Schlitz Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Schlitz Park is under $700.

What is the price of a cheap apartment in Schlitz Park?

The cheapest apartment in Schlitz Park is Edgewater East which is listed at $680, while the average apartment in Schlitz Park costs $9,000.

What types of apartments are the cheapest in Schlitz Park?

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 48 regular apartments in Schlitz Park 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 Schlitz Park?

Cheap apartments in Schlitz Park have an average cost of $209 which is $8,791 cheaper than the average rent for all rentals in Schlitz Park.

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.

Articles, How-To's, and Tips

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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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.