Cheap Homes for Rent in Waukesha, WI from $1,000 (12 Rentals)

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

An Insider's Guide to Apartment Living Near Milwaukee's Four Employer Clusters

Discover Milwaukee apartment living from Downtown lofts to affordable suburban homes. We detail neighborhoods near the four major employment hubs: urban, leafy, and everything in between.

property at 1714 Elder St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

3 Bedroom, 2.5 Bath Townhome for Rent

Available Aug 1

1714 Elder St

WaukeshaWI53188

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.

Waukesha, WI Local Guide

Cheapest Neighborhoods for Apartments in Waukesha, WI

Pricing Updated: 07/24/2026

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$1,987$75032
Overlook Farms$2,025$85020
Westmoreland Grove$2,100$70067
Eastern Waukesha$9,626$490738

Cheapest Available Waukesha Apartments for Rent

 

The cheapest available apartment rental in Waukesha, WI is a 1 Bed unit found at Berkshire at Kensington in the Spring Hills neighborhood priced from $622. 333 Coolidge Ave. (12 Units) in the Spring Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $945. Here is today’s list of the most affordable Waukesha apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Berkshire at Kensington1 Bedroom A1BR,1BA$622
333 Coolidge Ave. (12 Units)1BR/1.0BA1BR,1BA$945
343 W Newhall Ave. (8 Unit)1BR/1.0BA1BR,1BA$950
Main Street Plaza ApartmentsStudioStudio,1BA$1,000
Minooka Parkway EstatesCottonwood2BR,1BA$1,185

Best Value Apartments for Rent in Waukesha, WI

As of July 24, 2026 the best value apartment in the Waukesha area is the $1.12 price per square foot Upper Unit Model at Hawthorne Place Apartments in the in the Five Fields neighborhood starting from $1,825. The second greatest value Waukesha apartment is the Two Bedroom One Bath - Upper Model at Fox River Preserve II starting at $1,999 with a $1.46 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 ApartmentsUpper Unit3BR,2BA$1.12
Fox River Preserve IITwo Bedroom One Bath - Upper2BR,1BA$1.46
FOX RIVER PRESERVE1 Bedroom 2 Bath_Loft1BR,2BA$1.43
Milestone Properties2/1.52BR,1.5BA$1.29
Berkshire Sunset2 Beds, 2 baths2BR,2BA$1.30
Hartwell Place ApartmentsTwo Bedroom2BR,1.5BA$1.30
Woodfield Heights ApartmentsStyle AA2BR,2BA$1.52
Minooka Parkway EstatesCottonwood2BR,1BA$1.25
Wildflower Place Apartments2 BD / 1 BA - 915sf - 1st/2nd flr2BR,1BA$1.52
Monterey ApartmentsOne Bedroom Large1BR,1BA$1.46

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
Waukesha, WI

Ranked #16

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
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Waukesha, WI Area Reviews

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Glendaliz4+ years in Waukesha

February 25, 2025

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Frequently Asked Questions about Waukesha

What type of rentals are currently available in Waukesha?

There are currently 235 Apartments for Rent in Waukesha, WI with pricing that ranges from $558 to $4,940. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waukesha ranging from $1,095 to $9,000.

What is the current price range for Rental Homes in Waukesha?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waukesha ranges from $1,095 to $9,000 with an average monthly rent of $2,944.

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.

Helpful Local Expert Guides

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An Insider's Guide to Apartment Living Near Milwaukee's Four Employer Clusters

Written by: Tim Brown

Having grown up in Milwaukee and lived in Waukesha for several years, I have come to realize that the Milwaukee metro area offers diverse employment and housing opportunities.

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A Local Expert's Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, Milwaukee's neighborhoods have been home to friends and family for years.

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The Top Neighborhoods for Off-Campus Housing for Milwaukee-Area College Students

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, many of the Milwaukee neighborhoods profiled here have been home to friends and family.

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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.

Articles, How-To's, and Tips

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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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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.