Cheap Apartments for Rent in the Downtown Waukesha Neighborhood of Waukesha, WI from $600 (44 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 847 Martin St

$1,250 - $1,350

1 Bedroom Rentals

Available Now

847 Martin St

WaukeshaWI53186
property at 609 Gascoigne Dr

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

3 Bedroom, 1.5 Bath Townhome for Rent

Available Jun 1

609 Gascoigne Dr

WaukeshaWI53188

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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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
  • Utilities Included
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700 E North St
1 Bedroom Apartments

700 E North St

700 E North StWaukesha, WI 53188
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449 Dunbar Ave
1 Bedroom Apartments

449 Dunbar Ave

449 Dunbar AveWaukesha, WI 53186

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
  • 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
  • Utilities Included
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316 Maple Ave
Studio to 2 Bedroom Apartments

316 Maple Ave

316 Maple AveWaukesha, WI 53186

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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East Terrace Apartments
1 Bedroom Apartments

East Terrace Apartments

801 N East AveWaukesha, WI 53186
Senior Living
  • Utilities Included
Showing Results 1-44, 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 $885. 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 NorthB1BR,1BA$885
343 W Newhall Ave. (8 Unit)1BR/1.0BA1BR,1BA$950
Spring City Crossing1 BD1BR,1BA$963
Main Street Plaza ApartmentsStudioStudio,1BA$1,000
405 N East Ave. (16 Unit)1BR/1.0BA1BR,1BA$1,045
1710 Elder St. (10 Unit)1/11BR,1BA$1,095
Rivers Edge ApartmentsSStudio,1BA$1,220
Hartwell Place ApartmentsOne Bedroom1BR,1BA$1,225
Hillside Village Apartments1 Bed/1 Bath1BR,1BA$1,255

Best Value Apartments for Rent in Downtown Waukesha, WI

As of April 25, 2026 the best value apartment in the Downtown Waukesha area is the $1.50 price per square foot 148 Frame Ave Model at 148 Frame Ave, Unit 148 in the in the Spring Hills neighborhood starting from $1,675. The second greatest value Downtown Waukesha apartment is the bluer-2 Model at Mountain Village starting at $1,655 with a $1.62 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.
148 Frame Ave, Unit 148148 Frame Ave2BR,1BA$1.50
Mountain Villagebluer-22BR,2BA$1.62
Woodfield Heights ApartmentsStyle AA2BR,2BA$1.52
Berkshire at Kensington2 Bedroom A2BR,1BA$1.36
Hartwell Place ApartmentsOne Bedroom1BR,1BA$1.63
Moreland NorthB1BR,1BA$1.20
Spring City Crossing1 BD1BR,1BA$1.37
Hillside Village Apartments1 Bed/1 Bath1BR,1BA$1.93
343 W Newhall Ave. (8 Unit)1BR/1.0BA1BR,1BA$1.70
405 N East Ave. (16 Unit)1BR/1.0BA1BR,1BA$1.90

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Pet Friendly Lifestyle
Downtown Waukesha, Waukesha, WI

Ranked #9

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 a cheap apartment in Downtown Waukesha?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Waukesha is under $1,255.

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 $1,840.

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 5 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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.