Cheap Apartments for Rent in the Sherman Park Neighborhood of Milwaukee, WI from $300 (84 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Sherman Park 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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property at 2146 N 35th St

$850 - $925

1 To 2 Bedroom Rentals

Available Now

2146 N 35th St

MilwaukeeWI53208

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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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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Walnut Park Apartments
1 Bedroom Apartments

Walnut Park Apartments

1551 N 9th StMilwaukee, WI 53205
Senior Living
  • Utilities Included

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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28 West Apartments List
Studio to 2 Bedroom Apartments

28 West Apartments List

2841 W Highland BlvdMilwaukee, WI 53208
  • Utilities Included
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4446 N 28th St
Studio to 2 Bedroom Apartments

4446 N 28th St

4446 N 28th StMilwaukee, WI 53209
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West Park Apartments
Studio to 2 Bedroom Apartments

West Park Apartments

4250 W Highland BlvdMilwaukee, WI 53208
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Boulevard Apartments
Studio to 2 Bedroom Apartments

Boulevard Apartments

2830 W Highland BlvdMilwaukee, WI 53208
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Lisbon Adlon Apartments
Studio to 2 Bedroom Apartments

Lisbon Adlon Apartments

4315 W Lisbon AveMilwaukee, WI 53208
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Westport Apartments
Studio to 2 Bedroom Apartments

Westport Apartments

4232 W Highland BlvdMilwaukee, WI 53208
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3008 W State St
1 Bedroom Apartments

3008 W State St

3008 W State StMilwaukee, WI 53208
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Highlander
1 to 2 Bedroom Apartments

Highlander

2936 W Highland BlvdMilwaukee, WI 53208
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-50, Page 1 of 2

Sherman Park, Milwaukee, WI Local Guide

Cheapest Available Sherman Park Apartments for Rent

 

The cheapest available apartment rental in the Sherman Park area of Milwaukee, WI is a Studio unit found at University Crossing I priced from $685. McGuire Flats has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here are the most affordable Sherman Park apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
University Crossing IStudioStudio,1BA$685
McGuire FlatsStudioStudio,1BA$695
2214-2220 W Hopkins St. (8 Unit)1BR/1.0BA1BR,1BA$695
4226 W. Highland Blvd. - 8 Unit0BR/1.0BAStudio,1BA$695
University Crossing IIStudioStudio,1BA$755
William A. Passavant SeniorOne Bedroom, One Bath1BR,1BA$801
Johnson Legacy WestStudioStudio,1BA$805
Historic Lofts on KilbournOne Bedroom1BR,1BA$833
Marquee Communities1BR/1BA1BR,1BA$850

Best Value Apartments for Rent in Sherman Park, WI

As of June 22, 2026 the best value apartment in the Sherman Park area is the $0.47 price per square foot 3758 N 41st St Model at 3758 N 41st St, Unit 1 in the in the Grasslyn Manor neighborhood starting from $1,000. The second greatest value Sherman Park apartment is the 2955 N 66th St Model at 2955 N 66th St, Unit 201 starting at $1,100 with a $0.73 price per square foot in the Grasslyn Manor neighborhood. Here is today’s list of the best values for Sherman Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3758 N 41st St, Unit 13758 N 41st St1BR,1BA$0.47
2955 N 66th St, Unit 2012955 N 66th St2BR,1BA$0.73
McKinley School Apartments, LLC3Bd/2Bth3BR,2BA$1.01
CWC — Community Within the CorridorLocust3BR,2BA$0.98
Columbia Square2 bedroom2BR,2BA$0.84
3261-3263 N 26th St, Unit Upper3261-3263 N 26th St3BR,1BA$1.13
2658 N 57th St, Unit 2nd Floor2658 N 57th St2BR,1BA$1.11
Historic Lofts on KilbournOne Bedroom1BR,1BA$1.04
2911 N 9th St, Unit 2911-A2911 N 9th St2BR,1BA$1.13
4226 W. Highland Blvd. - 8 Unit0BR/1.0BAStudio ,1BA$0.99

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

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
Sherman Park, Milwaukee, WI

Ranked #197

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
Sherman Park, Milwaukee, WI

School data provided by Great Schools

Frequently Asked Questions about Cheap Sherman Park Apartments

What is a cheap apartment in Sherman Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Sherman Park is under $850.

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

The cheapest apartment in Sherman Park is 2214-2220 W Hopkins St. (8 Unit) which is listed at $695, while the average apartment in Sherman Park costs $1,425.

What types of apartments are the cheapest in Sherman 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 15 regular apartments in Sherman 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 Sherman Park?

Cheap apartments in Sherman Park have an average cost of $256 which is $1,169 cheaper than the average rent for all rentals in Sherman 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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.