Cheap Apartments for Rent in the Walkers Point Neighborhood of Milwaukee, WI from $500 (14 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Walkers Point 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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Paper Box Lofts
1 to 3 Bedroom Apartments

Paper Box Lofts

1560 W Pierce StMilwaukee, WI 53204
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Walker Apartments
Studio to 1 Bedroom Apartments

Walker Apartments

1219 W Walker StMilwaukee, WI 53204
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Mineral
Studio Apartments

Mineral

1002 S 3rd StMilwaukee, WI 53204
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421-425 Washington
1 to 2 Bedroom Apartments

421-425 Washington

421-425 W Washington StMilwaukee, WI 53204
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1025 5th
1 Bedroom Apartments

1025 5th

1025 S 5th StMilwaukee, WI 53204

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.

Walkers Point, Milwaukee, WI Local Guide

Cheapest Available Walkers Point Apartments for Rent

 

The cheapest available apartment rental in the Walkers Point area of Milwaukee, WI is a 1 Bed unit found at Seven04 Place Apartments priced from $941. 1630 W National Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Walkers Point apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Seven04 Place Apartments50% 1 Bed 1 Bath1BR,1BA$941
1630 W National Ave1 Bed, 1 bath1BR,1BA$950
Paper Box Lofts3B3BR,2BA$1,195
TrioBruceStudio,1BA$1,305
Mercantile Lofts1 Beds, 1 Baths1BR,1BA$1,500

Best Value Apartments for Rent in Walkers Point, WI

As of May 28, 2026 the best value apartment in the Walkers Point area is the $1.59 price per square foot Two Bedroom Model at The Block in the in the Haymarket neighborhood starting from $2,800. The second greatest value Walkers Point apartment is the 3BR/2.0BA Model at Historic Fifth Ward Lofts starting at $2,650 with a $1.65 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for Walkers Point apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The BlockTwo Bedroom2BR,2BA$1.59
Historic Fifth Ward Lofts3BR/2.0BA3BR,2BA$1.65
Teweles Seed Tower Apartments2 Bed / 2 Bath2BR,2BA$1.68
Paper Box Lofts3B3BR,2BA$1.13
The YardsC62BR,2BA$2.28
Timber Lofts MKE2A2BR,1BA$2.37
Mercantile Lofts1 Beds, 1 Baths1BR,1BA$2.06
Seven04 Place Apartments50% 1 Bed 1 Bath1BR,1BA$1.61
TrioBruceStudio ,1BA$2.42

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

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.

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Pet Friendly Lifestyle
Walkers Point, Milwaukee, WI

Ranked #60

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers compiles millions of data points to bring you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across Wisconsin and customized analysis for Central Milwaukee, WI. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Walkers Point Apartments

What is the price of a cheap apartment in Walkers Point?

The cheapest apartment in Walkers Point is Seven04 Place Apartments which is listed at $941, while the average apartment in Walkers Point costs $2,675.

What types of apartments are the cheapest in Walkers Point?

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 1 regular apartments in Walkers Point that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

Articles, How-To's, and Tips

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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.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.