
Cheap Homes for Rent in the Town of Lake Neighborhood of Milwaukee, WI from $900 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Town of Lake area of Milwaukee.

An Insider's Guide to Apartment Living Near Milwaukee's Four Employer Clusters
Discover Milwaukee apartment living from Downtown lofts to affordable suburban homes. We detail neighborhoods near the four major employment hubs: urban, leafy, and everything in between.

3026 S Hanson Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

5551 S Illinois Ave
Town of Lake, Milwaukee, WI Local Guide

How much does it cost to rent a home in Town of Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Town of Lake 2 Bedroom Homes for Rent | $1,975 | $1,750 | $2,200 |
| Town of Lake 3 Bedroom Homes for Rent | $2,417 | $1,848 | $2,975 |
Browse Homes for Rent in this Neighborhood
There are currently 3 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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Best Value Apartments for Rent in Town of Lake, WI
As of August 05, 2026 the best value apartment in the Town of Lake area is the $1.39 price per square foot 3149 S Illinois Ave Model at 3149 S Illinois Ave, Unit 3149 in the in the Far South Side neighborhood starting from $1,950. The second greatest value Town of Lake apartment is the 5041 S 13th St Model at 5041 S 13th St, Unit 5041 South 13th Street starting at $2,000 with a $1.59 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. |
|---|---|---|---|
| 3149 S Illinois Ave, Unit 3149 | 3149 S Illinois Ave | 2BR,1BA | $1.39 |
| 5041 S 13th St, Unit 5041 South 13th Street | 5041 S 13th St | 3BR,1BA | $1.59 |
| 985 W Morgan Ave, Unit 985 W Morgan Lower | 985 W Morgan Ave | 2BR,1BA | $1.41 |
| Ridge View | Two Bedroom, One Bathroom | 2BR,1BA | $1.55 |
| 4454 S 14th St. (12 Unit) | 2BR/1.0BA | 2BR,1BA | $1.43 |
| 3047 S Howell Ave | 1 Beds, 1 Baths | 1BR,1BA | $1.37 |
| Thompson Meadows Apartments: 55+ Adult | Two Bedroom | 2BR,1BA | $1.35 |
| 4210 S 22nd St, Unit Apt 1 | 4210 S 22nd St | 1BR,1BA | $1.60 |
| 3279 S Kinnickinnic Ave. (6 Unit) | 1BR/1.0BA | 1BR,1BA | $1.46 |
| FairCrest Senior Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.30 |
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 ArticleReal 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.
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 Town of Lake
What type of rentals are currently available in Town of Lake?
There are currently 140 Apartments for Rent in Town of Lake, WI with pricing that ranges from $889 to $2,650. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Town of Lake ranging from $950 to $2,975.
What is the current price range for Rental Homes in Town of Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Town of Lake ranges from $950 to $2,975 with an average monthly rent of $2,025.
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

An Insider's 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.

A Local Expert's 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.

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.

Finding The Best Affordable Milwaukee Neighborhoods to Rent
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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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.