Cheap Apartments for Rent in the Town of Lake Neighborhood of Milwaukee, WI from $500 (9 Rentals)

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

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2892 S Delaware Ave
Studio to 1 Bedroom Apartments

2892 S Delaware Ave

2892 S Delaware AveMilwaukee, WI 53207
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Pinall Gardens
2 Bedroom Apartments

Pinall Gardens

4152 S Whitnall AveMilwaukee, WI 53207
  • 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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W.G. Apartments
1 Bedroom Apartments

W.G. Apartments

2828 E Bolivar AveSt. Francis, WI 53235
  • Utilities Included

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.

Town of Lake, Milwaukee, WI Local Guide

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 Seaway Terrace Apartments priced from $850. Thompson Meadows Apartments: 55+ Adult has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Town of Lake apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Seaway Terrace ApartmentsStudioStudio,1BA$850
Thompson Meadows Apartments: 55+ AdultOne Bedroom1BR,1BA$875
Welcome Home at Plaza Four Apartments1 Bed 1 Bath with Balcony/Patio1BR,1BA$999

Best Value Apartments for Rent in Town of Lake, WI

As of June 29, 2025 the best value apartment in the Town of Lake area is the $1.12 price per square foot 1324 W Holt Ave Model at 1324 W Holt Ave, Unit 1324A Upper in the in the Far South Side neighborhood starting from $1,345. The second greatest value Town of Lake apartment is the 2x2 Model at Clare Heights Senior Apartments starting at $1,035 with a $1.11 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1324 W Holt Ave, Unit 1324A Upper1324 W Holt Ave3BR,1BA$1.12
Clare Heights Senior Apartments2x22BR,2BA$1.11
Buckhorn Station Apartment HomesOne Bedroom1BR,1BA$1.30
Layton 1900Bravo2BR,1BA$1.47
Grange/Allison ApartmentsPremium 2 Bedroom2BR,1BA$1.68
Welcome Home at Plaza Four Apartments1 Bed 1 Bath with Balcony/Patio1BR,1BA$1.62
Thompson Meadows Apartments: 55+ AdultOne Bedroom1BR,1BA$1.42

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Pet Friendly Lifestyle
Town Of Lake, Milwaukee, WI

Ranked #76

Among neighborhoods in Milwaukee, WI for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Town of Lake Neighborhood in Milwaukee, WI

Walk Score®

64 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

56 / 100

Bikeable

Some bike infrastructure

Transit Score®

42 / 100

Some Transit

A few nearby public transportation options

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 Thompson Meadows Apartments: 55+ Adult which is listed at $875, while the average apartment in Town of Lake costs $1,650.

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 9 regular apartments in Town of Lake that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.