Cheapest Neighborhoods in Milwaukee, WI
Some of the cheapest neighborhoods in Milwaukee are Avenues West, Gra-Ram, and Marquette. These neighborhoods offer some of the lowest rent prices in Milwaukee, making them ideal for renters on a budget. As of June 14, 2026, the average rent in Milwaukee is $1,216, which is 2.3% 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
$948/Month
Year-Over-Year Rent Change
1.2%
Units Available
21 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.
Gra-Ram
Average Rent
$949/Month
Year-Over-Year Rent Change
16.1%
Units Available
11 Rentals
When you’re looking for a great Milwaukee neighborhood on a budget, check out Gra-Ram. The average rent is $949, compared to the city average of $1,216. Rent prices have increased by 16.1%. Gra-Ram is convenient to General Mitchell International, Boerner Botanical Gardens, and Milwaukee PC Center.
Marquette
Average Rent
$968/Month
Year-Over-Year Rent Change
0.9%
Units Available
19 Rentals
Marquette is an affordable neighborhood in Milwaukee with an average rent price of $968. Compare this to the city average of $1,216. In the past year, rent prices have increased by 0.9%. Marquette provides easy access to Univ of Wisc., Milwaukee, Betty Brinn Children's Museum, and Hank Aaron State Trail.
Old North Milwaukee
Average Rent
$1,018/Month
Year-Over-Year Rent Change
1.8%
Units Available
13 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 $1,018, while the city’s average stands at $1,216. In the last year, prices have increased by 1.8%. Old North Milwaukee is near Lincoln Park - Glendale, Urban Ecology Center-Washington Park, and Silver Mill.
Harawbee
Average Rent
$1,024/Month
Year-Over-Year Rent Change
3.2%
Units Available
11 Rentals
Harawbee is a top choice for budget-conscious renters for a variety of reasons. The average rent in Harawbee is $1,024 while the city average is $1,216. This is a 3.2% difference from last year. Residents enjoy convenient access to Lincoln Park - Glendale, Milwaukee Tech., Downtown, and River Glen Marketplace.
Southpoint
Average Rent
$1,061/Month
Year-Over-Year Rent Change
8.1%
Units Available
20 Rentals
When you’re looking for a great Milwaukee neighborhood on a budget, check out Southpoint. The average rent is $1,061, compared to the city average of $1,216. Rent prices have increased by 8.1%. Southpoint is convenient to Hank Aaron State Trail, South Towne Center, and Marquette University.
Burnham Park
Average Rent
$1,086/Month
Year-Over-Year Rent Change
13.7%
Units Available
12 Rentals
Burnham Park is an affordable neighborhood in Milwaukee with an average rent price of $1,086. Compare this to the city average of $1,216. In the past year, rent prices have increased by 13.7%. Burnham Park provides easy access to Urban Ecology Center-Washington Park, Walmart Center, and Marquette University.
Muskegg Way
Average Rent
$1,086/Month
Year-Over-Year Rent Change
3.2%
Units Available
12 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 $1,086, while the city’s average stands at $1,216. In the last year, prices have increased by 3.2%. Muskegg Way is near Marquette University, Milwaukee Sch. of Engineering, and Milwaukee Tech., Downtown.
Timmerman West
Average Rent
$1,101/Month
Year-Over-Year Rent Change
3.9%
Units Available
20 Rentals
Timmerman West is a top choice for budget-conscious renters for a variety of reasons. The average rent in Timmerman West is $1,101 while the city average is $1,216. This is a 3.9% difference from last year. Residents enjoy convenient access to Medical College Of Wisconsin, Timmerman Plaza, and Del Rio Shopping Center.
Red Oak Heights
Average Rent
$1,131/Month
Units Available
10 Rentals
When you’re looking for a great Milwaukee neighborhood on a budget, check out Red Oak Heights. The average rent is $1,131, compared to the city average of $1,216. Red Oak Heights is convenient to The Domes, Boerner Botanical Gardens, and Wisconsin Lutheran College.
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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.