
Cheap Apartments for Rent in the Sherman Park Neighborhood of Milwaukee, WI from $300 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in the Sherman Park area of Milwaukee.


2500 W Fond du Lac Ave

Gorman Homes

Marquee Communities

2876 N 26th St

Legacy Lofts at the Blommer Ice Cream Factory

Himount Gardens

1532 N 29TH St
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.

CWC Community Within the Corridor

McKinley School Apartments, LLC

3739 N 17th St

3128 N 38th St

4368 N 17th St

937 N 37th St
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.
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.
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.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Sherman Park, Milwaukee, WI Local Guide

How much does it cost to rent an apartment in Sherman Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sherman Park Studio Apartments | $1,221 | $705 | $1,460 |
| Sherman Park 1 Bedroom Apartments | $1,409 | $650 | $2,815 |
| Sherman Park 2 Bedroom Apartments | $1,427 | $650 | $2,450 |
| Sherman Park 3 Bedroom Apartments | $1,709 | $750 | $3,800 |
| Sherman Park 4 Bedroom Apartments | $1,332 | $870 | $1,750 |
Browse Apartments in this Neighborhood
There are currently 43 rentals with your search options within a 2 mile radius of the Sherman Park Neighborhood of Milwaukee, WI.
See all Apartments in MilwaukeeExplore Milwaukee
Sherman Park, Milwaukee, WI Local Guide
- Nearby Milwaukee neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Crossing I | Studio | Studio,1BA | $685 |
| McGuire Flats | Studio | Studio,1BA | $695 |
| Marquee Communities | Studio | Studio,1BA | $705 |
| University Crossing II | Studio | Studio,1BA | $755 |
| Gorman Homes | 1 Bedroom | 1BR,1BA | $774 |
| Himount Gardens | Efficiency Studio | Studio,1BA | $800 |
| Brewery Point | 1x1 | 1BR,1BA | $845 |
| CWC Community Within the Corridor | Fond Du Lac | Studio,1BA | $854 |
| McKinley School Apartments, LLC | 2Bd/1Bth | 2BR,1BA | $948 |
Best Value Apartments for Rent in Sherman Park, WI
As of December 20, 2025 the best value apartment in the Sherman Park area is the $1.02 price per square foot 3Bd/2Bth Model at McKinley School Apartments, LLC in the in the Haymarket neighborhood starting from $1,307. The second greatest value Sherman Park apartment is the 4370 N 28th St Model at 4370 N 28th St, Unit Upper starting at $1,050 with a $0.88 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| McKinley School Apartments, LLC | 3Bd/2Bth | 3BR,2BA | $1.02 |
| 4370 N 28th St, Unit Upper | 4370 N 28th St | 2BR,1BA | $0.88 |
| 2569 N 61st St, Unit 2569 | 2569 N 61st St | 2BR,1BA | $1.21 |
| 6423 Powell Pl, Unit 6423 Powell Pl | 6423 Powell Pl | 3BR,1BA | $1.47 |
| Blue Ribbon Lofts | Alpine - Market Rate | 2BR,2BA | $1.56 |
| The Malt House | C-1 (2 Bed/1 Bath) | 2BR,1BA | $1.67 |
| River Parkway Senior Apts & Family Townhomes | 2 BD/ 1 BA: Market Rate | 2BR,1BA | $1.72 |
| Gorman Homes | 1 Bedroom | 1BR,1BA | $1.16 |
| Brewery Point | 1x1 | 1BR,1BA | $1.34 |
| Marquee Communities | Studio | Studio ,1BA | $1.41 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleQuick 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.
Pet Friendly LifestyleSherman Park, Milwaukee, WI
Ranked #188
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Sherman Park, Milwaukee, WI
School data provided by Great Schools
Getting Around the Sherman Park Neighborhood in Milwaukee, WI
Walk Score®
69 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
50 / 100
Bikeable
Some bike infrastructure
Transit Score®
55 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $948.
What is the price of a cheap apartment in Sherman Park?
The cheapest apartment in Sherman Park is Gorman Homes which is listed at $774, while the average apartment in Sherman Park costs $9,000.
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 11 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 $294 which is $8,706 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.
Articles, How-To's, and Tips

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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!




























