Cheap Homes for Rent in Racine, WI from $850 (10 Rentals)

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

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.

property at 2142 Clarence Ave

$1,300 - $1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $1,400

Total Monthly Price
$1,300 - $1,400

2 Bedroom, 1 Bath Townhome for Rent

Available Aug 27

2142 Clarence Ave

RacineWI53405

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

Cheapest Neighborhoods for Apartments in Racine, WI

Pricing Updated: 08/21/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Wind Point$1,140$73518
Caledonia$1,195$99013
Uptown Racine$1,275$73556
Mount Pleasant$1,475$73597
Downtown Racine$1,585$89533
Sturtevant$1,750$78065

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 ListingModel NameBed/BathPriced From
2117 Slauson Ave - (6 unit)0BR/1.0BAStudio,1BA$475
Lincoln ManorThe Aspen1BR,1BA$780
Gold Medal Lofts1 Bed 1 Bath1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Riverbend Condominiums2B2B2BR,2BA$1.15
The Harbor at State and Main - 55+ CommunityTwo-Bedroom One-Bath2BR,1BA$0.85
Biscayne Apartments2/1 - Partial Reno2BR,1BA$1.32
Windpoint ApartmentsGenoa2BR,1BA$1.33
2626 Newman Rd, Unit 42626 Newman Rd1BR,1BA$1.37
1920 Lathrop Ave. (16 Unit)2BR/1.0BA2BR,1BA$1.38
Gold Medal Lofts1 Bed 1 Bath1BR,1BA$1.10
The MaplesB22BR,1BA$1.35
Graceland Gardens Apartment Homes1BR1BR,1BA$1.40
1425 Villa St, Unit Upper1425 Villa St2BR,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.

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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 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

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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.

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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.

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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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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

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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.

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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.

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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.

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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.