Cheap Apartments for Rent in the Downtown Wausau Neighborhood of Wausau, WI from $600 (25 Rentals)

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

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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 Riverview Towers and Riverview Terrace priced from $618. 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
Riverview Towers and Riverview TerraceRiverview Terrace 1 Bedroom 1 Bath1BR,1BA$618
Wausau Columns Apartments1 Bedroom1BR,1BA$720
Trolley Quarter Flats1 Bedroom1BR,1BA$725
The Landmark1 BR 1BA1BR,1BA$779
Kannenberg Plaza1 Bedroom1BR,1BA$826

Best Value Apartments for Rent in Downtown Wausau, WI

As of December 19, 2025 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 629 Park Ave Model at 629 Park Ave, Unit Lower starting at $800 with a $0.62 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
629 Park Ave, Unit Lower629 Park Ave2BR,1BA$0.62
315 N 2nd Ave, Unit 1315 N 2nd Ave2BR,1BA$0.77
Grand Avenue Luxury Apartment Homes2 Bed 1 Bath lower2BR,1BA$1.09
Trolley Quarter Flats2 Bedroom2BR,1BA$1.03
406 S 6th Ave, Unit 406 S 6th Ave406 S 6th Ave2BR,1BA$0.88
909 Genrich St, Unit 4909 Genrich St1BR,1BA$0.94
1317 Cleveland Ave, Unit 1317 Cleveland Ave1317 Cleveland Ave2BR,1BA$0.94
The Landmark1 BR 1BA1BR,1BA$0.99
Ross Avenue ApartmentsOne Bed1BR,1BA$1.18

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Getting Around the Downtown Wausau Neighborhood in Wausau, WI

Walk Score®

85 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

73 / 100

Very Bikeable

Biking is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $826.

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

The cheapest apartment in Downtown Wausau is Riverview Towers and Riverview Terrace which is listed at $618, while the average apartment in Downtown Wausau costs $2,985.

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 10 regular apartments in Downtown 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 Downtown Wausau?

Cheap apartments in Downtown Wausau have an average cost of $117 which is $2,868 cheaper than the average rent for all rentals in Downtown 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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.