Cheap Apartments for Rent in the Schlitz Park Neighborhood of Milwaukee, WI from $400 (479 Rentals)

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

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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An Insider's Guide to Apartment Living Near Milwaukee's Four Employer Clusters

Discover Milwaukee apartment living from Downtown lofts to affordable suburban homes. We detail neighborhoods near the four major employment hubs: urban, leafy, and everything in between.

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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 Studio unit found at University Crossing I priced from $685. Fairmount Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here are the most affordable Schlitz Park apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
University Crossing IStudioStudio,1BA$685
Fairmount ApartmentsEfficiencyStudio,1BA$695
2214-2220 W Hopkins St. (8 Unit)1BR/1.0BA1BR,1BA$695
Lakeside ApartmentsStudioStudio,1BA$695
McGuire FlatsStudioStudio,1BA$695
The Astor Hotel ApartmentsEfficiency StudioStudio,1BA$700
Colonial ApartmentsStudio *StandardStudio,1BA$725
St. ClairStudioStudio,1BA$725
Buckingham ApartmentsSmall StudioStudio,1BA$725
The Park at 1824 Student ApartmentsRenovated 3 Bedroom Apartment3BR,2BA$750

Best Value Apartments for Rent in Schlitz Park, WI

As of June 02, 2026 the best value apartment in the Schlitz Park area is the $0.56 price per square foot 912 W Hadley St Model at 912 W Hadley St, Unit 1 in the in the Haymarket neighborhood starting from $1,250. The second greatest value Schlitz Park apartment is the 2738 N Murray Ave Model at 2738 N Murray Ave, Unit 2738 starting at $1,800 with a $1.00 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.
912 W Hadley St, Unit 1912 W Hadley St2BR,1BA$0.56
2738 N Murray Ave, Unit 27382738 N Murray Ave3BR,1BA$1.00
2457 N 1st St, Unit front rear unit2457 N 1st St2BR,1BA$0.60
University Row3 Bed 1 Bath3BR,1BA$0.87
1773 N Astor St, Unit lower flat1773 N Astor St3BR,1BA$1.08
2912 N 11th St, Unit 29122912 N 11th St3BR,1BA$1.08
Paper Box Lofts3B3BR,2BA$1.13
Edgeview ApartmentsTwo Bedroom2BR,1BA$0.88
2911 N 9th St, Unit 2911-A2911 N 9th St2BR,1BA$1.13
Historic Lofts on KilbournOne Bedroom1BR,1BA$1.04

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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Quick Rent Budget Calculator

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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 #3

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 $750.

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

The cheapest apartment in Schlitz Park is 2214-2220 W Hopkins St. (8 Unit) which is listed at $695, while the average apartment in Schlitz Park costs $2,725.

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 17 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 $170 which is $2,555 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.

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.

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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.

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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.

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An Insiders Guide to Apartment Living Near Milwaukee's Four Employer Clusters

Written by: Tim Brown

Having grown up in Milwaukee and lived in Waukesha for several years, I have come to realize that the Milwaukee metro area offers diverse employment and housing opportunities.

Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.