Best Affordable Neighborhoods in Racine, WI
Some of the cheapest neighborhoods in Racine are Rapids Drive, Caledonia, and Southside Historic District. These neighborhoods offer some of the lowest rent prices in Racine, making them ideal for renters on a budget. As of January 28, 2026, the average rent in Racine is $994, which is 0.1% 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.
Rapids Drive
Average Rent
$915/Month
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Racine, Rapids Drive might be the perfect place! It has an average rent price of $915, while the city’s average stands at $994. Rapids Drive is near Rapids Drive Shopping Center, Univ of Wisc., Parkside, and Hawthorne Hollow Nature Sanctuary & Arboretum.
Caledonia
Average Rent
$1,004/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
16/100
Units Available
21 Rentals
Caledonia is a top choice for budget-conscious renters for a variety of reasons. The average rent in Caledonia is $1,004 while the city average is $994. This is a 0.3% difference from last year. Residents enjoy convenient access to Milwaukee Tech., Oak Creek, River Bend Nature Center, and Univ of Wisc., Parkside. The neighborhood is considered car-dependent with a WalkScore® of 37.
Southside Historic District
Average Rent
$1,013/Month
TransitScore® Rating
46/100
Units Available
10 Rentals
When you’re looking for a great Racine neighborhood on a budget, check out Southside Historic District. The average rent is $1,013, compared to the city average of $994. Southside Historic District is convenient to Racine Zoo, Milwaukee Tech., Oak Creek, and Belle City Square. The community is walkable with a WalkScore® of 78.
Mount Pleasant
Average Rent
$1,267/Month
Year-Over-Year Rent Change
3.2%
TransitScore® Rating
35/100
Units Available
79 Rentals
Mount Pleasant is an affordable neighborhood in Racine with an average rent price of $1,267. Compare this to the city average of $994. In the past year, rent prices have increased by 3.2%. Mount Pleasant provides easy access to Milwaukee Tech., Oak Creek, Jo-Don Farms, and Racine Center. It’s a somewhat walkable neighborhood with a WalkScore® of 57.
Downtown Racine
Average Rent
$1,422/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
47/100
Units Available
66 Rentals
If you’re looking for a great, affordable neighborhood in Racine, Downtown Racine might be the perfect place! It has an average rent price of $1,422, while the city’s average stands at $994. In the last year, prices have increased by 0.2%. Downtown Racine is near The Flatiron Village Mall, Carthage College, and Milwaukee Tech., Oak Creek.
Old Main Street Historic District
Average Rent
$1,542/Month
TransitScore® Rating
49/100
Units Available
52 Rentals
Old Main Street Historic District is a top choice for budget-conscious renters for a variety of reasons. The average rent in Old Main Street Historic District is $1,542 while the city average is $994. Residents enjoy convenient access to Gateway Technical College, Milwaukee Tech., Oak Creek, and Racine Zoo. The neighborhood is considered walkable with a WalkScore® of 92.
Sturtevant
Average Rent
$1,649/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
8/100
Units Available
75 Rentals
When you’re looking for a great Racine neighborhood on a budget, check out Sturtevant. The average rent is $1,649, compared to the city average of $994. Rent prices have decreased by 0.1%. Sturtevant is convenient to Renaissance Commons, Pioneer Village, and Gateway Technical College. The community is car-dependent with a WalkScore® of 29.
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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.