Cheap Apartments for Rent in the University Hill Neighborhood of Milwaukee, WI from $400 (113 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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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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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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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.

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University Hill, Milwaukee, WI Local Guide

Cheapest Available University Hill Apartments for Rent

 

The cheapest available apartment rental in the University Hill 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 University Hill apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
University Crossing IStudioStudio,1BA$685
McGuire FlatsStudioStudio,1BA$695
Tioga ApartmentsStudio1BR,1BA$700
University Crossing IIStudioStudio,1BA$755
William A. Passavant SeniorOne Bedroom, One Bath1BR,1BA$801
Water Street ApartmentsStudioStudio,1BA$825
Historic Lofts on KilbournOne Bedroom1BR,1BA$833
Marquee Communities1BR/1BA1BR,1BA$850
Johnson Legacy East Apartments1 Bedroom1BR,1BA$875
700 LoftsOne Bedroom 50%1BR,1BA$938

Best Value Apartments for Rent in University Hill, WI

As of June 08, 2026 the best value apartment in the University Hill area is the $0.87 price per square foot 3 Bed 1 Bath Model at University Row in the in the Haymarket neighborhood starting from $1,250. The second greatest value University Hill apartment is the 2B Model at Riverside Lofts starting at $1,730 with a $1.33 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for University Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
University Row3 Bed 1 Bath3BR,1BA$0.87
Riverside Lofts2B2BR,1BA$1.33
Main Street Gardens4 Bedroom4BR,1.5BA$1.52
Paper Box Lofts3B3BR,2BA$1.13
Michigan Street CommonsThe Riverwalk2BR,2BA$1.26
National Ave Lofts50% 2 Bed 2 Bath2BR,2BA$1.24
Historic Lofts on KilbournOne Bedroom1BR,1BA$1.04
William A. Passavant SeniorOne Bedroom, One Bath1BR,1BA$1.19
Marquee Communities1BR/1BA1BR,1BA$1.31
Brewery Point1x11BR,1BA$1.48

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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Real 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.

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Quick Rent Budget Calculator

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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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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities, and rental properties across Wisconsin including University Hill, Milwaukee, and the greater Milwaukee area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap University Hill Apartments

What is a cheap apartment in University Hill?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Hill is under $938.

What is the price of a cheap apartment in University Hill?

The cheapest apartment in University Hill is Tioga Apartments which is listed at $700, while the average apartment in University Hill costs $2,579.

What types of apartments are the cheapest in University Hill?

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 12 regular apartments in University Hill 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 University Hill?

Cheap apartments in University Hill have an average cost of $276 which is $2,303 cheaper than the average rent for all rentals in University Hill.

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

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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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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.

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A Local Experts 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.

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An Insiders 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.

Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.