
Cheap Homes for Rent in Racine, WI from $850 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Racine.


2841 Santa Fe Trail

1219 Milwaukee Ave

1802 Grange Ave, Unit 101

709 10th St
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.

9048 15th Ave

2142 Clarence Ave

2060 Douglas Ave

1724 Franklin St, Unit ONE A

1724 Franklin St, Unit 1724 FRANKLIN
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Racine, WI Local Guide

How much does it cost to rent a home in Racine?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Racine 2 Bedroom Homes for Rent | $1,593 | $1,145 | $2,300 |
| Racine 3 Bedroom Homes for Rent | $2,293 | $1,250 | $5,200 |
| Racine 4 Bedroom Homes for Rent | $1,976 | $1,597 | $2,500 |
| Racine 5 Bedroom Homes for Rent | $2,062 | $1,750 | $2,375 |
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Racine, WI Local Guide
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Cheapest Neighborhoods for Apartments in Racine, WI
Pricing Updated: 08/21/2026Current apartment rentals in the Racine, WI area range in price from $735 to $3,288 with an overall median price of $1,477. The three Racine neighborhoods with the lowest median rent pricing are Wind Point at $1,140, Caledonia at $1,195, and Uptown Racine at $1,275. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Racine Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Wind Point | $1,140 | $735 | 18 |
| Caledonia | $1,195 | $990 | 13 |
| Uptown Racine | $1,275 | $735 | 56 |
| Mount Pleasant | $1,475 | $735 | 97 |
| Downtown Racine | $1,585 | $895 | 33 |
| Sturtevant | $1,750 | $780 | 65 |
Cheapest Available Racine Apartments for Rent
 The cheapest available apartment rental in Racine, WI is a Studio unit found at 2117 Slauson Ave - (6 unit) in the Mount Pleasant neighborhood priced from $475. Lincoln Manor in the The Regent neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $780. Here is today’s list of the most affordable Racine apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2117 Slauson Ave - (6 unit) | 0BR/1.0BA | Studio,1BA | $475 |
| Lincoln Manor | The Aspen | 1BR,1BA | $780 |
| Gold Medal Lofts | 1 Bed 1 Bath | 1BR,1BA | $875 |
Best Value Apartments for Rent in Racine, WI
As of August 21, 2026 the best value apartment in the Racine area is the $1.15 price per square foot 2B2B Model at Riverbend Condominiums in the in the Mount Pleasant neighborhood starting from $1,800. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Riverbend Condominiums | 2B2B | 2BR,2BA | $1.15 |
| The Harbor at State and Main - 55+ Community | Two-Bedroom One-Bath | 2BR,1BA | $0.85 |
| Biscayne Apartments | 2/1 - Partial Reno | 2BR,1BA | $1.32 |
| Windpoint Apartments | Genoa | 2BR,1BA | $1.33 |
| 2626 Newman Rd, Unit 4 | 2626 Newman Rd | 1BR,1BA | $1.37 |
| 1920 Lathrop Ave. (16 Unit) | 2BR/1.0BA | 2BR,1BA | $1.38 |
| Gold Medal Lofts | 1 Bed 1 Bath | 1BR,1BA | $1.10 |
| The Maples | B2 | 2BR,1BA | $1.35 |
| Graceland Gardens Apartment Homes | 1BR | 1BR,1BA | $1.40 |
| 1425 Villa St, Unit Upper | 1425 Villa St | 2BR,1BA | $1.42 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Racine, WIPopulation: 77,432
Ranked #449
in US Census Population by City
Best Local Schools in Racine, WI
Jefferson Lighthouse Elementary
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Racine, WI Rentals by Map
See the most popular apartments and homes in Racine, WI
Frequently Asked Questions about Racine
What type of rentals are currently available in Racine?
There are currently 341 Apartments for Rent in Racine, WI with pricing that ranges from $735 to $3,288. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Racine ranging from $850 to $5,200.
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 $850 to $5,200 with an average monthly rent of $1,972.
How much are larger Three and Four Bedroom Rentals in Racine?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Racine range from $1,206 to $3,288, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $5,200. Four Bedroom Single-Family rentals are also available starting from $1,597 and Four Bedroom Apartments start at $1,350.
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

An Insider's 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.

A Local Expert's 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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.