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.