Best Affordable Neighborhoods in Milwaukee, WI
Some of the cheapest neighborhoods in Milwaukee are Gra-Ram, Fairway Place, and Red Oak Heights. These neighborhoods offer some of the lowest rent prices in Milwaukee, making them ideal for renters on a budget. As of March 16, 2026, the average rent in Milwaukee is $1,191, which is 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.
Gra-Ram
Average Rent
$899/Month
Year-Over-Year Rent Change
11.7%
TransitScore® Rating
37/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Milwaukee, Gra-Ram might be the perfect place! It has an average rent price of $899, while the city’s average stands at $1,191. In the last year, prices have increased by 11.7%. Gra-Ram is near Milwaukee PC Center, Wehr Nature Center, and Urban Ecology Center--Menomonee Valley.
Fairway Place
Average Rent
$981/Month
Units Available
14 Rentals
Fairway Place is a top choice for budget-conscious renters for a variety of reasons. The average rent in Fairway Place is $981 while the city average is $1,191. Residents enjoy convenient access to Rotary Park, Liberty Plaza, and Milwaukee Tech., Mequon.
Red Oak Heights
Average Rent
$1,001/Month
TransitScore® Rating
39/100
Units Available
20 Rentals
When you’re looking for a great Milwaukee neighborhood on a budget, check out Red Oak Heights. The average rent is $1,001, compared to the city average of $1,191. Red Oak Heights is convenient to Woodland Court Shopping Center, General Mitchell International, and Wisconsin Lutheran College. The community is somewhat walkable with a WalkScore® of 67.
Avenues West
Average Rent
$1,005/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
59/100
Units Available
29 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.
Rolling Green
Average Rent
$1,005/Month
Year-Over-Year Rent Change
2.9%
TransitScore® Rating
40/100
Units Available
19 Rentals
Rolling Green is an affordable neighborhood in Milwaukee with an average rent price of $1,005. Compare this to the city average of $1,191. In the past year, rent prices have increased by 2.9%. Rolling Green provides easy access to 76th & Oklahoma Building, Milwaukee Zoo, and Woodland Court Shopping Center. It’s a somewhat walkable neighborhood with a WalkScore® of 58.
Woodland Court
Average Rent
$1,005/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
41/100
Units Available
19 Rentals
If you’re looking for a great, affordable neighborhood in Milwaukee, Woodland Court might be the perfect place! It has an average rent price of $1,005, while the city’s average stands at $1,191. In the last year, prices have increased by 0.8%. Woodland Court is near Greenfield Plaza, Spring Mall, and The Domes.
Tripoli Terrace
Average Rent
$1,005/Month
TransitScore® Rating
40/100
Units Available
19 Rentals
Tripoli Terrace is a top choice for budget-conscious renters for a variety of reasons. The average rent in Tripoli Terrace is $1,005 while the city average is $1,191. Residents enjoy convenient access to Boerner Botanical Gardens, Urban Ecology Center--Menomonee Valley, and The Domes. The neighborhood is considered somewhat walkable with a WalkScore® of 65.
Mitchell Heights
Average Rent
$1,058/Month
TransitScore® Rating
58/100
Units Available
29 Rentals
When you’re looking for a great Milwaukee neighborhood on a budget, check out Mitchell Heights. The average rent is $1,058, compared to the city average of $1,191. Mitchell Heights is convenient to Discovery World at Pier Wisconsin, The Milwaukee Art Museum, and East Pointe Marketplace. The community is walkable with a WalkScore® of 93.
Burnham Park
Average Rent
$1,060/Month
Year-Over-Year Rent Change
10.3%
TransitScore® Rating
41/100
Units Available
10 Rentals
Burnham Park is an affordable neighborhood in Milwaukee with an average rent price of $1,060. Compare this to the city average of $1,191. In the past year, rent prices have increased by 10.3%. Burnham Park provides easy access to Milwaukee Tech., West Allis, Urban Ecology Center--Menomonee Valley, and Urban Ecology Center-Washington Park. It’s a walkable neighborhood with a WalkScore® of 74.
Muskegg Way
Average Rent
$1,060/Month
Year-Over-Year Rent Change
2.8%
TransitScore® Rating
52/100
Units Available
10 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 $1,060, while the city’s average stands at $1,191. In the last year, prices have increased by 2.8%. Muskegg Way is near General Mitchell International, Milwaukee Tech., Downtown, and Urban Ecology Center--Menomonee Valley.
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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.