Cheap Homes for Rent in Racine, WI from $1,000 (12 Rentals)

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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.

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.

Racine, WI Local Guide

Cheapest Neighborhoods for Apartments in Racine, WI

Pricing Updated: 05/21/2026

Current apartment rentals in the Racine, WI area range in price from $600 to $3,871 with an overall median price of $1,971. The three Racine neighborhoods with the lowest median rent pricing are Caledonia at $885, Wind Point at $765, and Uptown Racine at $600. 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$1,510$88511
Wind Point$1,510$76511
Uptown Racine$1,555$60084
Downtown Racine$2,300$60045
Mount Pleasant$2,360$600112
Sturtevant$2,595$78047

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 - 5 unit (ACE Property) 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 - 5 unit (ACE Property)1BR/1.0BA1BR,1BA$795
831-833 College Ave - 12 Family (ACE PROPERTY)1BR/1.0BA1BR,1BA$845
Douglas Terrace ApartmentsStudioStudio,1BA$885
Georgetown Square1 bedroom1BR,1BA$889

Best Value Apartments for Rent in Racine, WI

As of May 21, 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 Two-Bedroom One-Bath Model at The Harbor at State and Main - 55+ Community starting at $1,024 with a $0.85 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
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
Arabella2 Bed 1 Bath2BR,1BA$1.26
1912 Mead St, Unit 1912 Mead St1912 Mead St2BR,1BA$1.26
1920 Lathrop Ave. (16 Unit)1BR/1.0BA1BR,1BA$1.22
614 6th St. (12 Unit +2 Commercial)1BR/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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Racine, WI
Population: 77,432

Ranked #449

in US Census Population by City

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

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Frequently Asked Questions about Racine

What type of rentals are currently available in Racine?

There are currently 328 Apartments for Rent in Racine, WI with pricing that ranges from $600 to $3,871. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Racine ranging from $1,050 to $3,495.

What is the current price range for Rental Homes in Racine?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Racine ranges from $1,050 to $3,495 with an average monthly rent of $2,003.

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.