Cheap Apartments for Rent in the Downtown Waukesha Neighborhood of Waukesha, WI from $600 (48 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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724 Hamilton Ave, Unit C
$1,150
Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150
1 Bedroom Apartment Available Now

724 Hamilton Ave, Unit C

724 Hamilton AveWaukesha, WI 53186
  • Smoke Free

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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property at 100 E Main St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

1 Bedroom, 1 Bath Condo for Rent

Available Now

100 E Main St, Unit 323

100 E Main St
WaukeshaWI53186
property at 1312 Falls Ct

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

3 Bedroom, 1.5 Bath Townhome for Rent

Available Sep 15

1312 Falls Ct

WaukeshaWI53186

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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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

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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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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Ridge View Apartments
Studio to 2 Bedroom Apartments

Ridge View Apartments

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

East Terrace Apartments

801 N East AveWaukesha, WI 53186
Senior Living
  • Utilities Included
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James Place
1 to 2 Bedroom Apartments

James Place

131 W BroadwayWaukesha, WI 53186
  • Utilities Included

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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River Park Apartments
1 to 3 Bedroom Apartments

River Park Apartments

1165 White Rock AveWaukesha, WI 53186
  • Utilities Included
Showing Results 1-48, 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
Main Street Plaza ApartmentsStudioStudio,1BA$1,000
James Place1 bd/1 ba1BR,1BA$1,149
Hartwell Place ApartmentsOne Bedroom1BR,1BA$1,225
Riverwalk ApartmentsB1BR,1BA$1,360
316 - 320 Maple Ave 6 Unit2BR/1.5BA2BR,1BA$1,395
SPRING CITY CROSSINGOne Bedroom1BR,1BA$1,597

Best Value Apartments for Rent in Downtown Waukesha, WI

As of August 19, 2026 the best value apartment in the Downtown Waukesha area is the $1.64 price per square foot Style BB Model at Woodfield Heights Apartments in the in the Spring Hills neighborhood starting from $1,900. The second greatest value Downtown Waukesha apartment is the cascade2 Model at Mountain Village starting at $1,620 with a $1.63 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 BB3BR,2BA$1.64
Mountain Villagecascade22BR,2BA$1.63
316 - 320 Maple Ave 6 Unit2BR/1.5BA2BR,1.5BA$1.55
137 W Newhall Ave, Unit Upper137 W Newhall Ave1BR,1BA$1.28
Clearpoint Apartments1BR/1.0BA1BR,1BA$1.89
Riverwalk ApartmentsB1BR,1BA$1.57
Berkshire at KensingtonMarket C1BR,1.5BA$1.64
Hartwell Place ApartmentsOne Bedroom1BR,1BA$1.63
Moreland NorthB1BR,1BA$1.20
724 Hamilton Ave, Unit C724 Hamilton Ave1BR,1BA$1.92

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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Pet Friendly Lifestyle
Downtown Waukesha, Waukesha, WI

Ranked #13

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

How much is rent for a Cheap One Bedroom Downtown Waukesha Apartment?

The lowest price for a Cheap One Bedroom Downtown Waukesha Apartment is $622 at Berkshire at Kensington.

What is the lowest price for a Cheap Two Bedroom Downtown Waukesha Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Waukesha is starting from $1,375 at Berkshire at Kensington.

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 Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.