Cheapest Neighborhoods in Racine, WI
Some of the cheapest neighborhoods in Racine are Caledonia, Southside Historic District, and Mount Pleasant. These neighborhoods offer some of the lowest rent prices in Racine, making them ideal for renters on a budget. As of July 29, 2026, the average rent in Racine is $1,035, which is 1.9% 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.
Caledonia
Average Rent
$1,082/Month
Year-Over-Year Rent Change
2.9%
Units Available
24 Rentals
Caledonia is an affordable neighborhood in Racine with an average rent price of $1,082. Compare this to the city average of $1,035. In the past year, rent prices have increased by 2.9%. Caledonia provides easy access to 4551-4555 Douglas Ave, General Mitchell International, and Racine Zoo.
Southside Historic District
Average Rent
$1,103/Month
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Racine, Southside Historic District might be the perfect place! It has an average rent price of $1,103, while the city’s average stands at $1,035.
Mount Pleasant
Average Rent
$1,353/Month
Year-Over-Year Rent Change
1.1%
Units Available
64 Rentals
Mount Pleasant is a top choice for budget-conscious renters for a variety of reasons. The average rent in Mount Pleasant is $1,353 while the city average is $1,035. This is a 1.1% difference from last year. Residents enjoy convenient access to Gateway Technical College, 5340 Washington Ave, and Hawthorne Hollow Nature Sanctuary & Arboretum.
Downtown Racine
Average Rent
$1,411/Month
Year-Over-Year Rent Change
1.3%
Units Available
43 Rentals
When you’re looking for a great Racine neighborhood on a budget, check out Downtown Racine. The average rent is $1,411, compared to the city average of $1,035. Rent prices have increased by 1.3%. Downtown Racine is convenient to The Flatiron Village Mall, Dinosaur Discovery Museum, and General Mitchell International.
Ready to make your move to Racine? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.