Cheap Apartments for Rent in Wausau, WI from $550 (100 Rentals)

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Search the lowest-cost Apartments available for rent right now in Wausau.

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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property at 701 Scott St
$775
1 Bedroom Rentals
Available Now

701 Scott St

WausauWI54403

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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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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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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property at 313 S 3rd Ave
$995 - $1,095
2 Bedroom Rentals
Available Nov 1

313 S 3rd Ave

WausauWI54401

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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Wausau, WI Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Wausau, WI

Pricing Updated: 09/11/2026

Current apartment rentals in the Wausau, WI area range in price from $565 to $3,555 with an overall median price of $1,397. Here is today’s list neighborhoods with the lowest median pricing for Wausau Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Wausau River District$1,395$565100
Downtown Wausau$1,399$56599

Cheapest Available Wausau Apartments for Rent

 

The cheapest available apartment rental in Wausau, WI is a 1 Bed unit found at Diamonds Edge in the Downtown Wausau neighborhood priced from $645. 700 Grand in the Downtown Wausau neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $651. Here is today’s list of the most affordable Wausau apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Diamonds Edge1 bd Upper1BR,1BA$645
700 Grand3 Bedroom 30%3BR,2BA$651
Pioneer Village Apartments1 BD Pioneer Village Complex1BR,1BA$675
Wausau Columns Apartments1 Bedroom1BR,1BA$720
601 McClellan St1BR/1.0BA1BR,1BA$725
1810 N 10th Ave1BR/1.0BA1BR,1BA$750
The Landmark1 BR 1BA1BR,1BA$800
3614 Sternberg Avenue1BR/1.0BA1BR,1BA$800
Westside CommonsThe Commons1BR,1BA$847
Oak Ridge ApartmentsTwo Bedroom2BR,1BA$875

Best Value Apartments for Rent in Wausau, WI

As of September 12, 2026 the best value apartment in the Wausau area is the $0.83 price per square foot 402 S 4th Ave Model at 402 S 4th Ave, Unit Upper in the in the Downtown Wausau neighborhood starting from $1,250. The second greatest value Wausau apartment is the 2BR/1.5BA Model at 5420 Schmutzler St starting at $1,350 with a $1.00 price per square foot . Here is today’s list of the best values for Wausau apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
402 S 4th Ave, Unit Upper402 S 4th Ave3BR,1BA$0.83
5420 Schmutzler St2BR/1.5BA2BR,1.5BA$1.00
Terrace Heights2 Bedroom, 2 Bath2BR,2BA$0.94
Weston Pines2 Bedroom Lower 60%2BR,1.5BA$0.89
3614 Sternberg Avenue1BR/1.0BA1BR,1BA$0.89
Oak Ridge ApartmentsTwo Bedroom2BR,1BA$1.06
1810 N 10th Ave1BR/1.0BA1BR,1BA$0.95
Pioneer Village Apartments1 BD Pioneer Village Complex1BR,1BA$0.91
Timberwolf Suites Student Apartments2BR/1BA2BR,1BA$0.84
Diamonds Edge1 bd Upper1BR,1BA$1.06

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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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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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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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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Wausau Overview

If you are looking for a beautiful place to live and work, you might be considering Wausau, Wisconsin. This is a beautiful city located in Marathon County, and it straddles the Wisconsin River. There are lots of people who are looking for apartments in Wausau, Wisconsin. Learn more about Wausau apartments below, and do not forget to rely on someone with local knowledge of the area to help you find your next home. 

Why live in Wausau, WI?

There are plenty of reasons why people choose to live in Wausau, Wisconsin. First, the temperature is cool throughout the year, so it is a great place for people who are looking to escape the heat. Next, the job market in the area is healthy as well. There are several major cities that are not that far away, but there are plenty of great jobs in Wausau as well. Finally, the cost of living is very affordable. When compared to other cities in the country, Wausau is significantly less expensive than the average. As a result, there are lots of people who move to Wausau looking for a way to make a better life for themselves and their families. 

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Wausau, WI

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Wausau Apartments

What is a cheap apartment in Wausau?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Wausau is under $875.

What is the price of a cheap apartment in Wausau?

The cheapest apartment in Wausau is Diamonds Edge which is listed at $645, while the average apartment in Wausau costs $1,397.

What types of apartments are the cheapest in Wausau?

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 46 regular apartments in Wausau 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 Wausau?

Cheap apartments in Wausau have an average cost of $449 which is $948 cheaper than the average rent for all rentals in Wausau.

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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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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.