Cheap Apartments for Rent in the Town of Lake Neighborhood of Milwaukee, WI from $500 (7 Rentals)

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2892 S Delaware Ave
Studio to 1 Bedroom Apartments

2892 S Delaware Ave

2892 S Delaware AveMilwaukee, WI 53207

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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Pinall Gardens
1 to 3 Bedroom Apartments

Pinall Gardens

4152 S Whitnall AveMilwaukee, WI 53207
  • Utilities Included
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Bayview
2 Bedroom Apartments

Bayview

2406-2430 E Oklahoma AveMilwaukee, WI 53207
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W.G. Apartments
1 Bedroom Apartments

W.G. Apartments

2828 E Bolivar AveSt. Francis, WI 53235
  • 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.

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 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 ListingModel NameBed/BathPriced From
The Landing at 1st StreetStudioStudio,1BA$860
Thompson Meadows Apartments: 55+ AdultOne Bedroom1BR,1BA$975
Cudahy Williamstown Bay II1 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lofts at Layton3 Bed 1.5 Bath Remodel3BR,1.5BA$1.61
Layton 1900Bravo2BR,1BA$1.50
South Pine Apartments2 Bed 1 Bath2BR,1BA$1.53
3401 S Howell Ave, Unit 23401 S Howell Ave2BR,1BA$2.11
Buckhorn Station Apartment HomesOne Bedroom1BR,1BA$1.47
4454 S 14th St. (12 Unit)2BR/1.0BA2BR,1BA$1.79
Ridge View ApartmentsOne Bedroom, One Bathroom1BR,1BA$1.80
Plaza IV Apartments in St. Francis.1 Bed 1 Bath with Balcony/Patio1BR,1BA$1.70
Thompson Meadows Apartments: 55+ AdultOne Bedroom1BR,1BA$1.59
Cudahy Williamstown Bay II1 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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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

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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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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.

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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.

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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.