Best Affordable Neighborhoods in Milwaukee, WI
Some of the cheapest neighborhoods in Milwaukee are Avenues West, Wilson Park, and Marquette. These neighborhoods offer some of the lowest rent prices in Milwaukee, making them ideal for renters on a budget. As of May 1, 2026, the average rent in Milwaukee is $1,209, which is 2.1% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Avenues West
Average Rent
$1,004/Month
Year-Over-Year Rent Change
1.1%
Units Available
23 Rentals
Nestled in the heart of Milwaukee, Avenues West is a budget-friendly neighborhood that offers a variety of attractions. The area is home to the historic Pabst Mansion, a testament to the city's rich brewing history. It also houses Marquette University nearby, creating ample employment and academic opportunities for local renters.
Wilson Park
Average Rent
$1,048/Month
Year-Over-Year Rent Change
6.9%
Units Available
10 Rentals
Wilson Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Wilson Park is $1,048 while the city average is $1,209. This is a 6.9% difference from last year. Residents enjoy convenient access to Alverno College, Layton Square Shopping Center, and Milwaukee Public Museum.
Marquette
Average Rent
$1,049/Month
Year-Over-Year Rent Change
0.8%
Units Available
24 Rentals
When you’re looking for a great Milwaukee neighborhood on a budget, check out Marquette. The average rent is $1,049, compared to the city average of $1,209. Rent prices have increased by 0.8%. Marquette is convenient to The Pabst Theater, Betty Brinn Children's Museum, and Univ of Wisc., Milwaukee.
Burnham Park
Average Rent
$1,056/Month
Year-Over-Year Rent Change
10.3%
Units Available
11 Rentals
Burnham Park is an affordable neighborhood in Milwaukee with an average rent price of $1,056. Compare this to the city average of $1,209. In the past year, rent prices have increased by 10.3%. Burnham Park provides easy access to Milwaukee Tech., West Allis, Miller Park Way Marketplace, and Urban Ecology Center--Menomonee Valley.
Muskegg Way
Average Rent
$1,056/Month
Year-Over-Year Rent Change
2.6%
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Milwaukee, Muskegg Way might be the perfect place! It has an average rent price of $1,056, while the city’s average stands at $1,209. In the last year, prices have increased by 2.6%. Muskegg Way is near Alverno College, Milwaukee Public Museum, and Urban Ecology Center--Menomonee Valley.
Red Oak Heights
Average Rent
$1,057/Month
Units Available
14 Rentals
Red Oak Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Red Oak Heights is $1,057 while the city average is $1,209. Residents enjoy convenient access to The Domes, Milwaukee Tech., West Allis, and General Mitchell International.
Rolling Green
Average Rent
$1,067/Month
Year-Over-Year Rent Change
2.6%
Units Available
13 Rentals
When you’re looking for a great Milwaukee neighborhood on a budget, check out Rolling Green. The average rent is $1,067, compared to the city average of $1,209. Rent prices have increased by 2.6%. Rolling Green is convenient to Boerner Botanical Gardens, 76th & Oklahoma Building, and Urban Ecology Center--Menomonee Valley.
Woodland Court
Average Rent
$1,067/Month
Year-Over-Year Rent Change
12%
Units Available
13 Rentals
Woodland Court is an affordable neighborhood in Milwaukee with an average rent price of $1,067. Compare this to the city average of $1,209. In the past year, rent prices have increased by 12%. Woodland Court provides easy access to Medical College Of Wisconsin, Woodland Court Shopping Center, and Boerner Botanical Gardens.
Old North Milwaukee
Average Rent
$1,084/Month
Year-Over-Year Rent Change
0.8%
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Milwaukee, Old North Milwaukee might be the perfect place! It has an average rent price of $1,084, while the city’s average stands at $1,209. In the last year, prices have increased by 0.8%. Old North Milwaukee is near Urban Ecology Center-Riverside Park, Univ of Wisc., Milwaukee, and Milwaukee Tech., Downtown.
Harawbee
Average Rent
$1,100/Month
Year-Over-Year Rent Change
0.2%
Units Available
12 Rentals
Harawbee is a top choice for budget-conscious renters for a variety of reasons. The average rent in Harawbee is $1,100 while the city average is $1,209. This is a 0.2% difference from last year. Residents enjoy convenient access to Riverworks Commons Shopping Center, Lincoln Park - Glendale, and General Mitchell International.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.