Cheap Apartments for Rent in Waukesha, WI from $500 (31 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
close
View Me
Westwood Apartments
Studio to 2 Bedroom Apartments

Westwood Apartments

1701-1713 Elder StWaukesha, WI 53188
  • Utilities Included
close
View Me
800-820 Delafield St
1 to 2 Bedroom Apartments

800-820 Delafield St

800-820 Delafield StWaukesha, WI 53188
  • 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.

Read Article
close
View Me
Delafield Courtyard
1 to 2 Bedroom Apartments

Delafield Courtyard

1012-1022 Delafield StWaukesha, WI 53188
  • Utilities Included
close
View Me
101 W Main St
1 Bedroom Apartments

101 W Main St

101 W Main StWaukesha, WI 53186
  • Utilities Included
close
View Me
Center City Plaza
2 Bedroom Apartments

Center City Plaza

707 N Grand AveWaukesha, WI 53186
  • Utilities Included
close
View Me
Ridge View Apartments
Studio to 2 Bedroom Apartments

Ridge View Apartments

212 W North StWaukesha, WI 53188
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
close
View Me
310-332 Morris St
2 Bedroom Apartments

310-332 Morris St

310-332 Morris StPewaukee, WI 53072
  • Utilities Included
Showing Results 1-31, Page 1 of 1

Waukesha, WI Local Guide

Photo of Staff Writer - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Waukesha, WI

Pricing Updated: 07/30/2025

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$1,810$86537
Overlook Farms$2,148$85017
Westmoreland Grove$2,469$85081
Eastern Waukesha$3,400$410849

Cheapest Available Waukesha Apartments for Rent

 

The cheapest available apartment rental in Waukesha, WI is a Studio unit found at 234 W Main St in the Spring Hills neighborhood priced from $1,000. Maple Ave Apartments in the Spring Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here is today’s list of the most affordable Waukesha apartments for rent:

Apartment ListingModel NameBed/BathPriced From
234 W Main StStudioStudio,1BA$1,000
Maple Ave Apartments1 bed/ 1 bath1BR,1BA$1,050
Pine Pointe Apartments2bd2BR,1BA$1,095
1384 Sunnyridge Road1301-8 with garage, W&D/central air2BR,1BA$1,189
1381 Meadowcreek2 bedrooom/1 bath w/garage2BR,1BA$1,199
Berkshire at Kensington2 Bedroom B2BR,2BA$1,246
Rivers Edge ApartmentsA21BR,1BA$1,280
Burr Oaks Village Apartments2 BR / 1 BA LOWER2BR,1BA$1,315
Monterey ApartmentsTwo Bed Two Bath B2BR,2BA$1,370
Springs at MeadowbrookStudio Grand OverlookStudio,1BA$1,387

Best Value Apartments for Rent in Waukesha, WI

As of July 30, 2025 the best value apartment in the Waukesha area is the $1.18 price per square foot 919 Arcadian Ave Model at 919 Arcadian Ave, Unit 921A in the in the Spring Hills neighborhood starting from $2,000. The second greatest value Waukesha apartment is the 421 N Greenfield Ave Model at 421 N Greenfield Ave, Unit 1003 Pearl Street starting at $1,600 with a $1.07 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.
919 Arcadian Ave, Unit 921A919 Arcadian Ave3BR,1BA$1.18
421 N Greenfield Ave, Unit 1003 Pearl Street421 N Greenfield Ave2BR,1BA$1.07
River Trail Apartments2 Bedroom, 2 Bathroom - Type B2BR,2BA$1.22
River Park Meadows1/1.51BR,1.5BA$1.31
1384 Sunnyridge Road1301-8 with garage, W&D/central air2BR,1BA$1.11
The Meadows ApartmentsCypress2BR,2BA$1.39
1381 Meadowcreek2 bedrooom/1 bath w/garage2BR,1BA$1.20
Burr Oaks Village Apartments2 BR / 1 BA LOWER2BR,1BA$1.36
Pine Pointe Apartments2bd2BR,1BA$1.37
Maple Ave Apartments1 bed/ 1 bath1BR,1BA$1.40

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.

decorative image of people with a giant lease agreement

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

decorative image of people examining a giant globe and floating graphs

Pet Friendly Lifestyle
Waukesha, WI

Ranked #18

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

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

Decorative image of map

See the most popular apartments and homes in Waukesha, WI

View Map
Waukesha, WI Apartments Map
View Map
Waukesha, WI Rental Homes Map

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

son bonitos

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 $1,387.

What is the price of a cheap apartment in Waukesha?

The cheapest apartment in Waukesha is Maple Ave Apartments which is listed at $1,050, while the average apartment in Waukesha costs $2,456.

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 60 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 $147 which is $2,309 cheaper than the average rent for all rentals in Waukesha.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.