Cheap Apartments for Rent in the Downtown Wausau Neighborhood of Wausau, WI from $500 (21 Rentals)

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

property at 701 Scott St

$795

1 Bedroom Rentals

Available Sep 1

701 Scott St

WausauWI54403

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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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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500 E Thomas St
1 to 2 Bedroom Apartments

500 E Thomas St

500 E Thomas StWausau, WI 54403
  • Utilities Included

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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Showing Results 1-21, 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. 700 Grand has the second lowest priced unit, which is a 3 Beds apartment currently listed from $651. Here are the most affordable Downtown Wausau apartments for rent in Wausau, WI:

Apartment ListingModel NameBed/BathPriced From
Diamonds Edge1 bd Upper1BR,1BA$645
700 Grand3 Bedroom 30%3BR,2BA$651
Wausau Columns Apartments1 Bedroom1BR,1BA$720
The Landmark1 BR 1BA1BR,1BA$800
Ross Avenue ApartmentsOne Bed1BR,1BA$875

Best Value Apartments for Rent in Downtown Wausau, WI

As of August 18, 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 2BD2BA-L Model at Towering Pines starting at $1,280 with a $1.12 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
Towering Pines2BD2BA-L2BR,2BA$1.12
Trolley Quarter Flats1 Bedroom1BR,1BA$1.00
The Landmark2BR 1BA2BR,1BA$1.80
Ross Avenue ApartmentsOne Bed1BR,1BA$1.18
Timberwolf Suites Student Apartments2BR/1BA2BR,1BA$0.84
Diamonds Edge1 bd Upper1BR,1BA$1.06
Wausau Columns Apartments1 Bedroom1BR,1BA$1.26
bantr WausauFurnished StudioStudio ,1BA$2.60
Evergreen Landing Apartments on 8thOne Bedroom1BR,1BA$2.27

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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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 $1,249.

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 $1,400.

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

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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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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.