Cheap Apartments for Rent in Waukesha, WI from $500 (40 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

$1,025 - $1,250

Studio To 1 Bedroom Rentals

Available Now

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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800-820 Delafield St
1 Bedroom Apartments

800-820 Delafield St

800-820 Delafield StWaukesha, WI 53188
  • Utilities Included
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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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101 W Main St
Studio to 3 Bedroom Apartments

101 W Main St

101 W Main StWaukesha, WI 53186
  • Utilities Included
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Center City Plaza
1 to 2 Bedroom Apartments

Center City Plaza

707 N Grand AveWaukesha, WI 53186
  • 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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Ridge View Apartments
Studio to 2 Bedroom Apartments

Ridge View Apartments

212 W North StWaukesha, WI 53188
  • Utilities Included
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310-332 Morris St
2 Bedroom Apartments

310-332 Morris St

310-332 Morris StPewaukee, WI 53072
  • 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.

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Waukesha, WI Local Guide

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Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Waukesha, WI

Pricing Updated: 01/25/2026

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$1,900$60053
Overlook Farms$2,325$62327
Westmoreland Grove$2,350$600111
Eastern Waukesha$3,800$5321142

Cheapest Available Waukesha Apartments for Rent

 

The cheapest available apartment rental in Waukesha, WI is a 1 Bed unit found at Spring City Crossing in the Spring Hills neighborhood priced from $963. Main Street Plaza Apartments in the Spring Hills neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here is today’s list of the most affordable Waukesha apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Spring City Crossing1 BD1BR,1BA$963
Main Street Plaza ApartmentsStudioStudio,1BA$1,000
Hillside Village Apartments1 Bed/1 Bath1BR,1BA$1,005
Maple Ave Apartments1 bed/ 1 bath1BR,1BA$1,050
Berkshire Sunset1 Bed, 1 bath1BR,1BA$1,062
1710 Elder St. (10 Unit)1BR/1.0BA1BR,1BA$1,095
Pine Pointe Apartments2bd2BR,1BA$1,095
Mountain Villageshasta-sStudio,1BA$1,135
West Grove on the Lake1 Bed 1 Bath Grove (A2)1BR,1BA$1,160
The Meadows ApartmentsPalm Courtside1BR,1BA$1,255

Best Value Apartments for Rent in Waukesha, WI

As of January 26, 2026 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 2 Bedroom/2 Bath Loft Side Facing Model at Broadway Commons Apartment Homes starting at $1,595 with a $1.33 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
Broadway Commons Apartment Homes2 Bedroom/2 Bath Loft Side Facing2BR,2BA$1.33
Milestone Properties2/22BR,2BA$1.38
Whispering Ponds Apartments2 BD / 2 BA Interior Lower2BR,2BA$1.41
1381 Meadowcreek2 bedrooom/1 bath w/garage2BR,1BA$1.38
431 NW Barstow St, Unit 4431 NW Barstow St2BR,1BA$1.35
Hartwell Place ApartmentsTwo Bedroom2BR,1BA$1.37
Pine Pointe Apartments2bd2BR,1BA$1.37
Maple Ave Apartments1 bed/ 1 bath1BR,1BA$1.40
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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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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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.

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Waukesha, WI

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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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Waukesha, WI Area Reviews

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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 $1,255.

What is the price of a cheap apartment in Waukesha?

The cheapest apartment in Waukesha is Spring City Crossing which is listed at $963, while the average apartment in Waukesha costs $2,593.

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 65 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 $209 which is $2,384 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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.