Cheap Apartments for Rent in the Downtown Wausau Neighborhood of Wausau, WI from $500 (17 Rentals)

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

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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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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500 E Thomas St
1 to 2 Bedroom Apartments

500 E Thomas St

500 E Thomas StWausau, WI 54403
  • Utilities Included
Showing Results 1-17, Page 1 of 1

Downtown Wausau, Wausau, WI Local Guide

Cheapest Available Downtown Wausau Apartments for Rent

 

The cheapest available apartment rental in the Downtown Wausau area of Wausau, WI is a 1 Bed unit found at Diamonds Edge priced from $645. Wausau Columns Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $720. Here are the most affordable Downtown Wausau apartments for rent in Wausau, WI:

Apartment ListingModel NameBed/BathPriced From
Diamonds Edge1 bd Upper1BR,1BA$645
Wausau Columns Apartments1 Bedroom1BR,1BA$720
The Landmark1 BR 1BA1BR,1BA$800
Ross Avenue ApartmentsOne Bed1BR,1BA$875
Kannenberg Plaza1 Bedroom1BR,1BA$920

Best Value Apartments for Rent in Downtown Wausau, WI

As of July 03, 2026 the best value apartment in the Downtown Wausau area is the $1.11 price per square foot 311 N 3rd Ave Model at 311 N 3rd Ave, Unit Two bedroom available in the in the Downtown Wausau neighborhood starting from $1,550. The second greatest value Downtown Wausau apartment is the 116 N 7th Ave Model at 116 N 7th Ave, Unit #2 starting at $1,150 with a $0.98 price per square foot in the Downtown Wausau neighborhood. Here is today’s list of the best values for Downtown Wausau apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
311 N 3rd Ave, Unit Two bedroom available311 N 3rd Ave2BR,1BA$1.11
116 N 7th Ave, Unit #2116 N 7th Ave3BR,1BA$0.98
Trolley Quarter Flats2 Bedroom2BR,1BA$1.04
Water's Edge Apartments2BR/1.5BA2BR,1.5BA$1.08
Towering Pines1BD1BA - U1BR,1BA$1.40
The Landmark2BR 1BA2BR,1BA$1.80
Ross Avenue ApartmentsOne Bed1BR,1BA$1.18
Diamonds Edge1 bd Upper1BR,1BA$1.06
Wausau Columns Apartments1 Bedroom1BR,1BA$1.26
Kannenberg Plaza1 Bedroom1BR,1BA$1.65

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 Wausau, Wausau, WI

Ranked #1

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Wausau Apartments

What is a cheap apartment in Downtown Wausau?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Wausau is under $1,095.

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

The cheapest apartment in Downtown Wausau is Diamonds Edge which is listed at $645, while the average apartment in Downtown Wausau costs $1,660.

What types of apartments are the cheapest in Downtown 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 9 regular apartments in Downtown Wausau 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.