Cheap Apartments for Rent in the Downtown Wausau Neighborhood of Wausau, WI from $600 (20 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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500 E Thomas St
1 to 2 Bedroom Apartments

500 E Thomas St

500 E Thomas StWausau, WI 54403
  • Utilities Included
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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. City Walk Senior Apartments for Seniors 55+ has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. 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
City Walk Senior Apartments for Seniors 55+One Bedroom1BR,1BA$700
Wausau Columns Apartments1 Bedroom1BR,1BA$720
Trolley Quarter Flats1 Bedroom1BR,1BA$725
The Landmark1 BR 1BA1BR,1BA$779

Best Value Apartments for Rent in Downtown Wausau, WI

As of February 12, 2026 the best value apartment in the Downtown Wausau area is the $1.00 price per square foot 3bd 1.5 bath upper Model at Grand Avenue Luxury Apartment Homes in the in the Downtown Wausau neighborhood starting from $1,319. The second greatest value Downtown Wausau apartment is the The Volt Model at Westside Commons starting at $1,941 with a $1.47 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.
Grand Avenue Luxury Apartment Homes3bd 1.5 bath upper3BR,1.5BA$1.00
Westside CommonsThe Volt3BR,1.5BA$1.47
Trolley Quarter Flats1 Bedroom1BR,1BA$0.92
The Landmark1 BR 1BA1BR,1BA$0.99
Ross Avenue ApartmentsOne Bed1BR,1BA$1.18
Water's Edge Apartments1BR/1.0BA1BR,1BA$1.24
City Walk Senior Apartments for Seniors 55+One Bedroom1BR,1BA$1.20
Wausau Columns Apartments1 Bedroom1BR,1BA$1.26
Kannenberg Plaza1 Bedroom1BR,1BA$1.48
Riverview Towers and Riverview TerraceRiverview Towers 2 Bedroom 1 Bath2BR,1BA$1.40

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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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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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 $975.

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 $2,214.

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 30 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 $336 which is $1,878 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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Written by: Christine Leonard, Esq.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.