Cheap Apartments for Rent in Waukesha, WI from $500 (63 Rentals)

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

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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property at 847 Martin St

847 Martin St

WaukeshaWI53186

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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.

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Westwood Apartments
Studio to 2 Bedroom Apartments

Westwood Apartments

1701-1713 Elder StWaukesha, WI 53188
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800-820 Delafield St
1 Bedroom Apartments

800-820 Delafield St

800-820 Delafield StWaukesha, WI 53188
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Delafield Courtyard
1 to 2 Bedroom Apartments

Delafield Courtyard

1012-1022 Delafield StWaukesha, WI 53188
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Center City Plaza
1 to 2 Bedroom Apartments

Center City Plaza

707 N Grand AveWaukesha, WI 53186
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101 W Main St
Studio to 3 Bedroom Apartments

101 W Main St

101 W Main StWaukesha, WI 53186
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Ridge View Apartments
Studio to 2 Bedroom Apartments

Ridge View Apartments

212 W North StWaukesha, WI 53188
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East Terrace Apartments
1 Bedroom Apartments

East Terrace Apartments

801 N East AveWaukesha, WI 53186
Senior Living
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Waukesha, WI Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Waukesha, WI

Pricing Updated: 12/15/2025

Current apartment rentals in the Waukesha, WI area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Waukesha Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Waukesha$1,955$62366
Overlook Farms$2,100$62328
Westmoreland Grove$2,316$623117
Eastern Waukesha$6,495$5301178

Cheapest Available Waukesha Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waukesha, WI is a 1 Bed unit found at Berkshire at Kensington in the Spring Hills neighborhood priced from $622. 1320 Meadow Creek Dr. (8 Unit) in the Five Fields neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Waukesha apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Berkshire at Kensington1 Bedroom A1BR,1BA$622
1320 Meadow Creek Dr. (8 Unit)1BR/1.0BA1BR,1BA$950
343 W Newhall Ave. (8 Unit)1BR/1.0BA1BR,1BA$950
Spring City Crossing1 BD1BR,1BA$963
449 Dunbar Ave. 7 unit1BR/1.0BA1BR,1BA$995
Main Street Plaza ApartmentsStudioStudio,1BA$1,000
Maple Ave Apartments1 bed/ 1 bath1BR,1BA$1,050
Berkshire Sunset1 Bed, 1 bath1BR,1BA$1,062
Pine Pointe Apartments2bd2BR,1BA$1,095

Best Value Apartments for Rent in Waukesha, WI and Nearby

As of December 15, 2025 the best value apartment in the Waukesha area is the $1.35 price per square foot 1113 A Model at Hawthorne Place Apartments in the in the Five Fields neighborhood starting from $1,725. The second greatest value Waukesha apartment is the 816 Aurora Ave Model at 816 Aurora Ave, Unit 816 lower starting at $1,500 with a $1.25 price per square foot in the Spring Hills neighborhood. Here is today’s list of the best values for Waukesha apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hawthorne Place Apartments1113 A2BR,2BA$1.35
816 Aurora Ave, Unit 816 lower816 Aurora Ave2BR,1BA$1.25
421 N Greenfield Ave, Unit 1003 Pearl Street421 N Greenfield Ave2BR,1BA$1.08
Milestone Properties2/22BR,2BA$1.38
Monterey ApartmentsTwo Bed Two Bath D2BR,2BA$1.37
1381 Meadowcreek2 bedrooom/1 bath w/garage2BR,1BA$1.38
Kimberly Place Apartments2 BD / 1 BA - 900sf 430Building2BR,1BA$1.38
Pine Pointe Apartments2bd2BR,1BA$1.37
932 Blackstone Ave932 Blackstone Ave2BR,1BA$1.27
Spring City Crossing1 BD1BR,1BA$1.37

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Waukesha Overview

Waukesha is located along the Fox River and is a part of the Milwaukee Metropolitan area. Waukesha is a great city for people looking for a small town with all the big city amenities. This region serves as the main destination for tourists from different parts of the globe. 

Why live in Waukesha, WI?

Waukesha is strategically located and can be the best home for both middle and high-class. It is a quiet city with a quaint atmosphere and breathtaking landscapes, especially in the autumn. This is a great fit for families, business owners, as well as single people looking to start their lives in a new city. Compared to other cities in the US, Waukesha has luxury apartments situated close to major bars and restaurants to make your life easier. Most apartments are modernized to suit the needs of most city dwellers.

Waukesha, WI
Population: 72,549

Ranked #496

in US Census Population by City

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Pet Friendly Lifestyle
Waukesha, WI

Ranked #38

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Waukesha, WI

School data provided by Great Schools

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

Explore Waukesha, WI Rentals by Map

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See the most popular apartments and homes in Waukesha, WI

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Getting Around Waukesha, WI

Walk Score®

44 / 100

Car-Dependent

Most errands require a car

Bike Score®

41 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

21 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Waukesha, WI Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Glendaliz • 4+ years in Waukesha

February 25, 2025

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Frequently Asked Questions about Cheap Waukesha Apartments

What is a cheap apartment in Waukesha?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waukesha is under $1,095.

What is the price of a cheap apartment in Waukesha?

The cheapest apartment in Waukesha is Berkshire at Kensington which is listed at $622, while the average apartment in Waukesha costs $3,216.

What types of apartments are the cheapest in Waukesha?

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 89 regular apartments in Waukesha 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 Waukesha?

Cheap apartments in Waukesha have an average cost of $199 which is $3,017 cheaper than the average rent for all rentals in Waukesha.

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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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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!