Cheap Apartments for Rent in the Downtown Wausau Neighborhood of Wausau, WI from $600 (26 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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. Diamonds Edge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. 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
Diamonds Edge1 bd Upper1BR,1BA$645
City Walk Senior Apartments for Seniors 55+One Bedroom1BR,1BA$700
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 May 17, 2026 the best value apartment in the Downtown Wausau area is the $0.98 price per square foot 607 Grant St Model at 607 Grant St, Unit 607 Grant Street in the in the Downtown Wausau neighborhood starting from $1,175. The second greatest value Downtown Wausau apartment is the 714 Chicago Ave Model at 714 Chicago Ave, Unit 714 starting at $1,195 with a $1.20 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.
607 Grant St, Unit 607 Grant Street607 Grant St3BR,2BA$0.98
714 Chicago Ave, Unit 714714 Chicago Ave3BR,1BA$1.20
629 Park Ave, Unit Upper629 Park Ave2BR,1BA$0.80
406 S 6th Ave, Unit 406 S 6th Ave406 S 6th Ave2BR,1BA$1.11
909 Genrich St, Unit 2909 Genrich St2BR,1BA$1.06
703 Jackson St, Unit 1703 Jackson St2BR,1BA$1.00
1315 Cleveland Ave, Unit 1315 Cleveland Avenue1315 Cleveland Ave2BR,1BA$1.12
Ross Avenue ApartmentsOne Bed1BR,1BA$1.18
Diamonds Edge1 bd Upper1BR,1BA$1.06
City Walk Senior Apartments for Seniors 55+One Bedroom1BR,1BA$1.20

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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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 $875.

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 $2,189.

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 16 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 $263 which is $1,926 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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.