Best Affordable Neighborhoods in Sheboygan, WI
Some of the cheapest neighborhoods in Sheboygan are River Watch, Business Drive South, and Madison Heights. These neighborhoods offer some of the lowest rent prices in Sheboygan, making them ideal for renters on a budget. As of March 15, 2026, the average rent in Sheboygan is $1,089, which is 2% 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.
River Watch
Average Rent
$1,009/Month
TransitScore® Rating
37/100
Units Available
10 Rentals
When you’re looking for a great Sheboygan neighborhood on a budget, check out River Watch. The average rent is $1,009, compared to the city average of $1,089. River Watch is convenient to Sheboygan Plaza, Maywood - Ellwood H. May Environmental Park, and The Islander on South Pier. The community is walkable with a WalkScore® of 72.
Business Drive South
Average Rent
$1,127/Month
TransitScore® Rating
28/100
Units Available
24 Rentals
Business Drive South is an affordable neighborhood in Sheboygan with an average rent price of $1,127. Compare this to the city average of $1,089. Business Drive South provides easy access to Above and Beyond Children's Museum, Maywood - Ellwood H. May Environmental Park, and Concordia Univ., Wis.. It’s a somewhat walkable neighborhood with a WalkScore® of 63.
Madison Heights
Average Rent
$1,127/Month
Units Available
24 Rentals
If you’re looking for a great, affordable neighborhood in Sheboygan, Madison Heights might be the perfect place! It has an average rent price of $1,127, while the city’s average stands at $1,089. Madison Heights is near Maywood - Ellwood H. May Environmental Park, Above and Beyond Children's Museum, and Lakeland College.
The Settlement at Lost Creek
Average Rent
$1,145/Month
TransitScore® Rating
24/100
Units Available
28 Rentals
The Settlement at Lost Creek is a top choice for budget-conscious renters for a variety of reasons. The average rent in The Settlement at Lost Creek is $1,145 while the city average is $1,089. Residents enjoy convenient access to Washington Square Shopping Center, S. Business Drive Shopping Center, and Above and Beyond Children's Museum. The neighborhood is considered car-dependent with a WalkScore® of 32.
Downtown Sheboygan
Average Rent
$1,221/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
37/100
Units Available
22 Rentals
When you’re looking for a great Sheboygan neighborhood on a budget, check out Downtown Sheboygan. The average rent is $1,221, compared to the city average of $1,089. Rent prices have increased by 0.5%. Downtown Sheboygan is convenient to Calumet Square, Above and Beyond Children's Museum, and Kohler-Andrae State Park. The community is walkable with a WalkScore® of 91.
Riverfront
Average Rent
$1,367/Month
Year-Over-Year Rent Change
4.8%
TransitScore® Rating
37/100
Units Available
13 Rentals
Riverfront is an affordable neighborhood in Sheboygan with an average rent price of $1,367. Compare this to the city average of $1,089. In the past year, rent prices have decreased by 4.8%. Riverfront provides easy access to Lakeland College, Maywood - Ellwood H. May Environmental Park, and Sheboygan Plaza. It’s a walkable neighborhood with a WalkScore® of 85.
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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.