Cheap Apartments for Rent in the Downtown Waukesha Neighborhood of Waukesha, WI from $500 (46 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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 700 E College Ave

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

3 Bedroom, 1.5 Bath Townhome for Rent

Available Jul 1

700 E College Ave

WaukeshaWI53186
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327 Arlington St
Studio to 1 Bedroom Apartments

327 Arlington St

327 Arlington StWaukesha, WI 53186
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Delafield Courtyard
1 to 2 Bedroom Apartments

Delafield Courtyard

1012-1022 Delafield StWaukesha, WI 53188
  • Utilities Included
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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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700 E North St
1 Bedroom Apartments

700 E North St

700 E North StWaukesha, WI 53188

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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343 W Newhall Ave
1 Bedroom Apartments

343 W Newhall Ave

343 W Newhall AveWaukesha, WI 53186
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405 N East Ave
1 to 2 Bedroom Apartments

405 N East Ave

405 N East AveWaukesha, WI 53186
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Center City Plaza
1 to 2 Bedroom Apartments

Center City Plaza

707 N Grand AveWaukesha, WI 53186
  • Utilities Included
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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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316 Maple Ave
Studio to 2 Bedroom Apartments

316 Maple Ave

316 Maple AveWaukesha, WI 53186

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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East Terrace Apartments
1 Bedroom Apartments

East Terrace Apartments

801 N East AveWaukesha, WI 53186
Senior Living
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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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River Park Apartments
1 to 3 Bedroom Apartments

River Park Apartments

1165 White Rock AveWaukesha, WI 53186
  • Utilities Included

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 1-46, Page 1 of 1

Downtown Waukesha, Waukesha, WI Local Guide

Cheapest Available Downtown Waukesha Apartments for Rent

 

The cheapest available apartment rental in the Downtown Waukesha area of Waukesha, WI is a 1 Bed unit found at Berkshire at Kensington priced from $622. Moreland North has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Downtown Waukesha apartments for rent in Waukesha, WI:

Apartment ListingModel NameBed/BathPriced From
Berkshire at Kensington1 Bedroom A1BR,1BA$622
Moreland NorthNO VACANTS1BR,1BA$900
Main Street Plaza ApartmentsStudioStudio,1BA$1,000
Hartwell Place ApartmentsOne Bedroom1BR,1BA$1,225
Riverwalk ApartmentsA1BR,1BA$1,270
Mountain Villageaspen-11BR,1BA$1,368
Woodfield Heights ApartmentsStyle FF2BR,2BA$1,500
SPRING CITY CROSSINGOne Bedroom1BR,1BA$1,597
BridgeWalk Apartments1B1BR,1BA$1,635

Best Value Apartments for Rent in Downtown Waukesha, WI

As of June 28, 2026 the best value apartment in the Downtown Waukesha area is the $1.49 price per square foot Style FF Model at Woodfield Heights Apartments in the in the Spring Hills neighborhood starting from $1,500. The second greatest value Downtown Waukesha apartment is the Market C Model at Berkshire at Kensington starting at $1,400 with a $1.64 price per square foot in the Spring Hills neighborhood. Here is today’s list of the best values for Downtown Waukesha apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Woodfield Heights ApartmentsStyle FF2BR,2BA$1.49
Berkshire at KensingtonMarket C1BR,1.5BA$1.64
Riverwalk ApartmentsA1BR,1BA$1.65
Mountain Villageaspen-11BR,1BA$1.82
Hartwell Place ApartmentsOne Bedroom1BR,1BA$1.63
BridgeWalk Apartments1B1BR,1BA$2.19
SPRING CITY CROSSINGOne Bedroom1BR,1BA$2.27
Main Street Plaza ApartmentsStudioStudio ,1BA$2.21

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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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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Pet Friendly Lifestyle
Downtown Waukesha, Waukesha, WI

Ranked #11

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Waukesha Apartments

What is the price of a cheap apartment in Downtown Waukesha?

The cheapest apartment in Downtown Waukesha is Berkshire at Kensington which is listed at $622, while the average apartment in Downtown Waukesha costs $1,937.

What types of apartments are the cheapest in Downtown 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 4 regular apartments in Downtown Waukesha that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

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.

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.