
Cheap Apartments for Rent in the Town of Lake Neighborhood of Milwaukee, WI from $500 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Town of Lake area of Milwaukee.


1414-1420 E Warnimont Ave

2892 S Delaware Ave
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.

Pinall Gardens

Bayview

W.G. Apartments
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.

Adam's Court Apartments
Town of Lake, Milwaukee, WI Local Guide

How much does it cost to rent an apartment in Town of Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Town of Lake Studio Apartments | $905 | $860 | $950 |
| Town of Lake 1 Bedroom Apartments | $1,209 | $905 | $3,286 |
| Town of Lake 2 Bedroom Apartments | $1,502 | $948 | $2,986 |
| Town of Lake 3 Bedroom Apartments | $1,987 | $1,690 | $2,800 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Town of Lake Neighborhood of Milwaukee, WI.
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Town of Lake, Milwaukee, WI Local Guide
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Cheapest Available Town of Lake Apartments for Rent
 The cheapest available apartment rental in the Town of Lake area of Milwaukee, WI is a Studio unit found at The Landing at 1st Street priced from $860. Thompson Meadows Apartments: 55+ Adult has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here are the most affordable Town of Lake apartments for rent in Milwaukee, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Landing at 1st Street | Studio | Studio,1BA | $860 |
| Thompson Meadows Apartments: 55+ Adult | One Bedroom | 1BR,1BA | $975 |
| Cudahy Williamstown Bay II | 1 Bed 1 Bath (1.1) | 1BR,1BA | $985 |
Best Value Apartments for Rent in Town of Lake, WI
As of January 12, 2026 the best value apartment in the Town of Lake area is the $1.61 price per square foot 3 Bed 1.5 Bath Remodel Model at Lofts at Layton in the in the Far South Side neighborhood starting from $1,690. The second greatest value Town of Lake apartment is the Bravo Model at Layton 1900 starting at $1,275 with a $1.50 price per square foot in the Far South Side neighborhood. Here is today’s list of the best values for Town of Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lofts at Layton | 3 Bed 1.5 Bath Remodel | 3BR,1.5BA | $1.61 |
| Layton 1900 | Bravo | 2BR,1BA | $1.50 |
| South Pine Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.53 |
| 3401 S Howell Ave, Unit 2 | 3401 S Howell Ave | 2BR,1BA | $2.11 |
| Buckhorn Station Apartment Homes | One Bedroom | 1BR,1BA | $1.47 |
| 4454 S 14th St. (12 Unit) | 2BR/1.0BA | 2BR,1BA | $1.79 |
| Ridge View Apartments | One Bedroom, One Bathroom | 1BR,1BA | $1.80 |
| Plaza IV Apartments in St. Francis. | 1 Bed 1 Bath with Balcony/Patio | 1BR,1BA | $1.70 |
| Thompson Meadows Apartments: 55+ Adult | One Bedroom | 1BR,1BA | $1.59 |
| Cudahy Williamstown Bay II | 1 Bed 1 Bath (1) | 1BR,1BA | $1.84 |
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 ArticleCash 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.
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.
Best Local Schools in Town Of Lake, Milwaukee, WI
Reagan College Preparatory High
School data provided by Great Schools
Frequently Asked Questions about Cheap Town of Lake Apartments
What is the price of a cheap apartment in Town of Lake?
The cheapest apartment in Town of Lake is The Landing at 1st Street which is listed at $960, while the average apartment in Town of Lake costs $1,730.
What types of apartments are the cheapest in Town of Lake?
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 6 regular apartments in Town of Lake 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 Town of Lake?
Cheap apartments in Town of Lake have an average cost of $298 which is $1,432 cheaper than the average rent for all rentals in Town of Lake.
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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.