Cheapest Neighborhoods in Racine, WI
Some of the cheapest neighborhoods in Racine are Caledonia, Downtown Racine, and Mount Pleasant. These neighborhoods offer some of the lowest rent prices in Racine, making them ideal for renters on a budget. As of September 12, 2026, the average rent in Racine is $1,084, which is 3.4% 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
$1,122/Month
Year-Over-Year Rent Change
5%
Units Available
26 Rentals
Caledonia is an affordable neighborhood in Racine with an average rent price of $1,122. Compare this to the city average of $1,084. In the past year, rent prices have increased by 5%. Caledonia provides easy access to Greentree Centre, Jo-Don Farms, and Gateway Technical College.
Downtown Racine
Average Rent
$1,417/Month
Year-Over-Year Rent Change
2.2%
Units Available
26 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 $1,417, while the city’s average stands at $1,084. In the last year, prices have increased by 2.2%. Downtown Racine is near The Flatiron Village Mall, Univ of Wisc., Parkside, and Racine Zoo.
Mount Pleasant
Average Rent
$1,422/Month
Year-Over-Year Rent Change
1.4%
Units Available
65 Rentals
Mount Pleasant is a top choice for budget-conscious renters for a variety of reasons. The average rent in Mount Pleasant is $1,422 while the city average is $1,084. This is a 1.4% difference from last year. Residents enjoy convenient access to Carthage College, Jo-Don Farms, and Racine Zoo.
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.