Cheap Apartments for Rent in Racine, WI from $400 (81 Rentals)

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Search the lowest-cost Apartments available for rent right now in Racine.

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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Pleasant Apartments
Studio to 2 Bedroom Apartments

Pleasant Apartments

2800 Mt Pleasant StRacine, WI 53404
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5107 Byrd Ave
1 to 2 Bedroom Apartments

5107 Byrd Ave

5107 Byrd AveRacine, WI 53406
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Cedar Bend Apartments
Studio to 1 Bedroom Apartments

Cedar Bend Apartments

3200 Indiana StRacine, WI 53405
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Northwestern Gardens
1 to 2 Bedroom Apartments

Northwestern Gardens

2400-2420 Northwestern AveRacine, WI 53404
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Oakview Manor
1 Bedroom Apartments

Oakview Manor

4720 Byrd AveRacine, WI 53406
Senior Living
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Biscayne Apartments
1 to 3 Bedroom Apartments

Biscayne Apartments

4910 Biscayne AveRacine, WI 53406
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Greenbriar Apartments
2 Bedroom Apartments

Greenbriar Apartments

1445-1455 S Emmertsen RdRacine, WI 53406
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Wilmanor Apartments
Studio to 2 Bedroom Apartments

Wilmanor Apartments

255 N Memorial DrRacine, WI 53404
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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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Racine Apartments
1 to 2 Bedroom Apartments

Racine Apartments

645 S Green Bay RdRacine, WI 53406
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Allegro Apartments
Studio to 2 Bedroom Apartments

Allegro Apartments

4035 Erie StRacine, WI 53402
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Column Apartments
1 to 2 Bedroom Apartments

Column Apartments

2225 Layard AveRacine, WI 53404
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4330 Kennedy Dr
2 Bedroom Apartments

4330 Kennedy Dr

4330 Kennedy DrRacine, WI 53404
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Lincoln School
1 to 2 Bedroom Apartments

Lincoln School

1800 Northwestern AveRacine, WI 53404
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RIVERVIEW MANOR
1 to 2 Bedroom Apartments

RIVERVIEW MANOR

1403 W 6th StRacine, WI 53404
Senior Living
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831 College Ave
1 Bedroom Apartments

831 College Ave

831 College AveRacine, WI 53403

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Racine, WI Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Racine, WI

Pricing Updated: 06/12/2026

Current apartment rentals in the Racine, WI area range in price from $670 to $3,647 with an overall median price of $2,086. The three Racine neighborhoods with the lowest median rent pricing are Caledonia at $965, Wind Point at $765, and Uptown Racine at $763. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Racine Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Caledonia$1,650$96513
Wind Point$1,650$76514
Uptown Racine$2,150$76374
Mount Pleasant$2,175$670107
Downtown Racine$2,300$80042
Sturtevant$2,595$78043

Cheapest Available Racine Apartments for Rent

 

The cheapest available apartment rental in Racine, WI is a 1 Bed unit found at Lincoln Manor in the The Regent neighborhood priced from $780. 920-924 Romayne Ave in the Caledonia neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Racine apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lincoln ManorThe Aspen1BR,1BA$780
920-924 Romayne Ave1BR/1.0BA1BR,1BA$795
Gold Medal Lofts1 Bed 1 Bath1BR,1BA$875
1920 Lathrop Ave. (16 Unit)1BR/1.0BA1BR,1BA$875
Georgetown Square1 bedroom1BR,1BA$889
614 6th St1BR/1.0BA1BR,1BA$895
The MaplesA11BR,1BA$925
Riverbend CondominiumsStudioStudio,1BA$970
The Harbor at State and Main - 55+ CommunityTwo-Bedroom One-Bath2BR,1BA$1,024

Best Value Apartments for Rent in Racine, WI

As of June 12, 2026 the best value apartment in the Racine area is the $0.56 price per square foot 2 Bed/1 Bath Affordable Model at Mitchell Wagon Lofts in the in the Mount Pleasant neighborhood starting from $1,225. The second greatest value Racine apartment is the 1210 Erie St Model at 1210 Erie St, Unit 2B starting at $1,150 with a $0.88 price per square foot in the Mount Pleasant neighborhood. Here is today’s list of the best values for Racine apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mitchell Wagon Lofts2 Bed/1 Bath Affordable2BR,1BA$0.56
1210 Erie St, Unit 2B1210 Erie St3BR,1BA$0.88
The Harbor at State and Main - 55+ CommunityTwo-Bedroom One-Bath2BR,1BA$0.85
Lighthouse Point Townhomes3x1.5 1057-11003BR,1.5BA$1.43
The Parkview Senior Apartments- 55+ CommunityTwo Bedroom/1 Bath2BR,1BA$1.49
Arcade Apartments1 Bed/ 1 Bath Affordable1BR,1BA$1.07
1920 Lathrop Ave. (16 Unit)1BR/1.0BA1BR,1BA$1.09
Gold Medal Lofts1 Bed 1 Bath1BR,1BA$1.10
614 6th St1BR/1.0BA1BR,1BA$1.49
Lincoln ManorThe Aspen1BR,1BA$1.49

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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Racine Overview

Located on the banks of the scenic Lake Michigan and just a short drive from the excitement of Milwaukee, Racine is a charming city wrapped in the natural splendor of the great state of Wisconsin. An industry-heavy blue collar destination, Racine effortlessly combines winning amenities with an intangible welcoming spirit, yielding an excellent mid-western spot to live, work and play.

Why live in Racine, WI?

From the scenic marina district to the long and proud history as a 'city of industry', Racine apartments make an excellent option for anyone eager to discover all that life in Wisconsin has to offer. Flush with an abundance of historical landmarks and quaint eateries, this slice of midwestern charm is brimming with an ambiance all its own.

Racine, WI
Population: 77,432

Ranked #449

in US Census Population by City

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Best Local Schools in
Racine, WI

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Racine, WI Rentals by Map

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See the most popular apartments and homes in Racine, WI

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Frequently Asked Questions about Cheap Racine Apartments

What is a cheap apartment in Racine?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Racine is under $1,024.

What is the price of a cheap apartment in Racine?

The cheapest apartment in Racine is Lincoln Manor which is listed at $780, while the average apartment in Racine costs $2,086.

What types of apartments are the cheapest in Racine?

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 26 regular apartments in Racine 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 Racine?

Cheap apartments in Racine have an average cost of $267 which is $1,819 cheaper than the average rent for all rentals in Racine.

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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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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.