Cheap Apartments for Rent in the Downtown Racine Neighborhood of Racine, WI from $600 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Racine area of 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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Wilmanor Apartments
Studio to 2 Bedroom Apartments

Wilmanor Apartments

255 N Memorial DrRacine, WI 53404
  • Utilities Included

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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Lincoln School
1 to 2 Bedroom Apartments

Lincoln School

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

RIVERVIEW MANOR

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

831 College Ave

831 College AveRacine, WI 53403
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614 6th St
Studio to 1 Bedroom Apartments

614 6th St

614 6th StRacine, WI 53403
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Belle Harbor Lofts
1 to 3 Bedroom Apartments

Belle Harbor Lofts

134 Main StRacine, WI 53403
  • Utilities Included

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.

Downtown Racine, Racine, WI Local Guide

Cheapest Available Downtown Racine Apartments for Rent

 

The cheapest available apartment rental in the Downtown Racine area of Racine, WI is a 1 Bed unit found at 614 6th St priced from $895. Riverbend Condominiums has the second lowest priced unit, which is a Studio apartment currently listed from $970. Here are the most affordable Downtown Racine apartments for rent in Racine, WI:

Apartment ListingModel NameBed/BathPriced From
614 6th St1BR/1.0BA1BR,1BA$895
Riverbend CondominiumsStudioStudio,1BA$970
The Harbor at State and Main - 55+ CommunityTwo-Bedroom One-Bath2BR,1BA$1,024
Arcade Apartments1 Bed/ 1 Bath Affordable1BR,1BA$1,064
Mitchell Wagon Lofts2 Bed/1 Bath Affordable2BR,1BA$1,225

Best Value Apartments for Rent in Downtown Racine, WI

As of June 17, 2026 the best value apartment in the Downtown 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 Downtown 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 Downtown 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
Arcade Apartments1 Bed/ 1 Bath Affordable1BR,1BA$1.07
614 6th St1BR/1.0BA1BR,1BA$1.49
Riverbend CondominiumsStudioStudio ,1BA$1.98
Breakwater 233A1Studio ,1BA$2.58
825 Grand Ave, Unit Studio825 Grand AveStudio ,1BA$2.50

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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Lifestyle Ratings

This website is proud to bring you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Wisconsin, including Racine. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and the best outdoor access, transit availability, pet-friendly communities, family-friendliness, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown Racine Apartments

What is a cheap apartment in Downtown Racine?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Racine is under $1,240.

What is the price of a cheap apartment in Downtown Racine?

The cheapest apartment in Downtown Racine is 614 6th St which is listed at $895, while the average apartment in Downtown Racine costs $2,300.

What types of apartments are the cheapest in Downtown 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 4 regular apartments in Downtown 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 Downtown Racine?

Cheap apartments in Downtown Racine have an average cost of $404 which is $1,896 cheaper than the average rent for all rentals in Downtown 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.

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.