Cheap Apartments for Rent in Shorewood, WI from $500 (302 Rentals)

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

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4272 N Wilson
1 to 2 Bedroom Apartments

4272 N Wilson

4272 N Wilson DrShorewood, WI 53211
  • Utilities Included
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1714 E Beverly Rd
1 Bedroom Apartments

1714 E Beverly Rd

1714 E Beverly RdShorewood, WI 53211
  • Utilities Included

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.

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1716 Newton Ave
1 to 2 Bedroom Apartments

1716 Newton Ave

1716 Newton AveShorewood, WI 53211
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Ardmore Terrace
1 to 2 Bedroom Apartments

Ardmore Terrace

4012-4046 N Wilson DrShorewood, WI 53211
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4244 N Wilson Dr
2 Bedroom Apartments

4244 N Wilson Dr

4244 N Wilson DrShorewood, WI 53211
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The Danbury
1 to 2 Bedroom Apartments

The Danbury

4428 N Oakland AveShorewood, WI 53211
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Sheridan Apartments
2 Bedroom Apartments

Sheridan Apartments

3575 N Oakland AveShorewood, WI 53211
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3807 N Prospect
1 to 2 Bedroom Apartments

3807 N Prospect

3807 N Prospect AveShorewood, WI 53211

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.

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2582 N Cramer St
$800 - $1,300
Total Monthly Price

Total Monthly Price

Base Rent
$800 - $1,300
Total Monthly Price
$800 - $1,300
Studio to 1 Bedroom Apartment Available Now

2582 N Cramer St

2582 N Cramer StMilwaukee, WI 53211
Affordability

A Local Expert's Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit

Uncover Milwaukee's affordable, vibrant neighborhoods and down-to-earth charm. Get a local expert's take on the city's renaissance, favorite traditions, and famous Gemütlichkeit (cozy spirit).

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The Lydell
Rent Specials
$916 - $3,234
Total Monthly Price

Total Monthly Price

Base Rent
$916 - $3,234
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Lydell

5905 N Lydell AveGlendale, WI 53217
Corporate Housing
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property at 2436 N 1st St

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925

1 Bedroom, 1 Bath Condo for Rent

Available Now

2436 N 1st St, Unit A

2436 N 1st St
MilwaukeeWI53212

Check Out Milwaukee’s Best Affordable Neighborhoods

Learn about Milwaukee and the best places to live with original content written by our Local Expert Tim Brown

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 7

Shorewood, WI Local Guide

Cheapest Available Shorewood Apartments for Rent

 

The cheapest available apartment rental in Shorewood, WI is a 1 Bed unit found at MLK Library Apartments in the Haymarket neighborhood priced from $560. Parkside Commons Senior Apartments in the Estabrook Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $698. Here is today’s list of the most affordable Shorewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
MLK Library Apartments1x11BR,1BA$560
Parkside Commons Senior ApartmentsOne Bedroom1BR,1BA$698
The Park at 1824 Student ApartmentsRenovated 3 Bedroom Apartment3BR,2BA$849
Oakland PropertiesStudioStudio,1BA$925
Park Village ApartmentsStudio*Studio,1BA$935
1851 N Oakland Ave (18 Unit)1BR/1.0BA1BR,1BA$950
Carlton ApartmentsStudioStudio,1BA$950
River Rise Apartments1 Bedroom Apartment1BR,1BA$950
Ardmore Terrace1bd 1ba1BR,1BA$975

Best Value Apartments for Rent in Shorewood, WI

As of July 24, 2026 the best value apartment in the Shorewood area is the $1.20 price per square foot TownHome Model at Shepard Townhomes in the in the Downtown Milwaukee neighborhood starting from $3,295. The second greatest value Shorewood apartment is the 2738 N Murray Ave Model at 2738 N Murray Ave, Unit 2738 starting at $1,650 with a $0.92 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for Shorewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shepard TownhomesTownHome4BR,2.5BA$1.20
2738 N Murray Ave, Unit 27382738 N Murray Ave3BR,1BA$0.92
San Rafael Apartments3BR/1.0BA3BR,1BA$1.19
2457 N 1st St, Unit front upper unit 24572457 N 1st St2BR,1BA$0.60
The Shorecrest3 BR / 2 BA3BR,2BA$1.28
329 E Garfield Ave, Unit 1329 E Garfield Ave2BR,1.5BA$1.23
The Park at 1824 Student ApartmentsRenovated 3 Bedroom Apartment3BR,2BA$0.95
MLK Library Apartments1x11BR,1BA$0.71
1124 E Wright St, Unit 11241124 E Wright StStudio ,1BA$1.27
Garage - 3035 N Downer Ave, Unit UWM - Garage spotGarage - 3035 N Downer AveStudio ,0.5BA$1.00

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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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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Shorewood, WI

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Shorewood Apartments

What is the Cheapest Studio apartment in Shorewood?

Currently the most affordable Cheap Studio Apartment in Shorewood is at Oakland Properties listed at $925.

How much is rent for a Cheap One Bedroom Shorewood Apartment?

The lowest price for a Cheap One Bedroom Shorewood Apartment is $560 at MLK Library Apartments.

What is the lowest price for a Cheap Two Bedroom Shorewood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Shorewood is starting from $1,000 at 800 E Chambers St.

What is the most affordable Shorewood Three Bedroom Apartment?

The best deal on a cheap Shorewood Three Bedroom Apartment rental is at The Park at 1824 Student Apartments and starts from $849.

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

decorative image for An Insider's Guide to Apartment Living Near Milwaukee's Four Employer Clusters article

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.

decorative image for A Local Expert's Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit article

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.

decorative image for Finding The Best Affordable Milwaukee Neighborhoods to Rent article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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.