Most Affordable Neighborhoods in Sheboygan, WI
Some of the cheapest neighborhoods in Sheboygan are The Flats, River Watch, and Business Drive South. These neighborhoods offer some of the lowest rent prices in Sheboygan, making them ideal for renters on a budget. As of September 13, 2025, the average rent in Sheboygan is $1,051, which is 0.7% 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.
The Flats
Average Rent
$854/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
34/100
Units Available
10 Rentals
When you’re looking for a great Sheboygan neighborhood on a budget, check out The Flats. The average rent is $854, compared to the city average of $1,051. Rent prices have increased by 0.5%. The Flats is convenient to Marian University, Fond du Lac, Lakeland College, and Washington Square Shopping Center. The community is walkable with a WalkScore® of 78.
River Watch
Average Rent
$869/Month
TransitScore® Rating
37/100
Units Available
18 Rentals
River Watch is an affordable neighborhood in Sheboygan with an average rent price of $869. Compare this to the city average of $1,051. River Watch provides easy access to Sheboygan Plaza, The Islander on South Pier, and Kohler-Andrae State Park. It’s a walkable neighborhood with a WalkScore® of 72.
Business Drive South
Average Rent
$945/Month
TransitScore® Rating
28/100
Units Available
31 Rentals
If you’re looking for a great, affordable neighborhood in Sheboygan, Business Drive South might be the perfect place! It has an average rent price of $945, while the city’s average stands at $1,051. Business Drive South is near Lakeland College, Washington Square Shopping Center, and Above and Beyond Children's Museum.
Madison Heights
Average Rent
$945/Month
Units Available
31 Rentals
Madison Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Madison Heights is $945 while the city average is $1,051. Residents enjoy convenient access to Marian University, Fond du Lac, Kohler-Andrae State Park, and Sheboygan Plaza.
The Settlement at Lost Creek
Average Rent
$945/Month
TransitScore® Rating
24/100
Units Available
31 Rentals
When you’re looking for a great Sheboygan neighborhood on a budget, check out The Settlement at Lost Creek. The average rent is $945, compared to the city average of $1,051. The Settlement at Lost Creek is convenient to Concordia Univ., Wis., Marian University, Fond du Lac, and Taylor Heights. The community is car-dependent with a WalkScore® of 32.
King Park-Sheboygan
Average Rent
$998/Month
TransitScore® Rating
32/100
Units Available
11 Rentals
King Park-Sheboygan is an affordable neighborhood in Sheboygan with an average rent price of $998. Compare this to the city average of $1,051. King Park-Sheboygan provides easy access to S. Business Drive Shopping Center, The Islander on South Pier, and Lakeland College. It’s a walkable neighborhood with a WalkScore® of 77.
Downtown Sheboygan
Average Rent
$1,215/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
37/100
Units Available
22 Rentals
If you’re looking for a great, affordable neighborhood in Sheboygan, Downtown Sheboygan might be the perfect place! It has an average rent price of $1,215, while the city’s average stands at $1,051. In the last year, prices have increased by 2%. Downtown Sheboygan is near Northgate Shopping Center, The Islander on South Pier, and Lakeland College.
Riverfront
Average Rent
$1,480/Month
Year-Over-Year Rent Change
8.8%
TransitScore® Rating
37/100
Units Available
10 Rentals
Riverfront is a top choice for budget-conscious renters for a variety of reasons. The average rent in Riverfront is $1,480 while the city average is $1,051. This is a 8.8% difference from last year. Residents enjoy convenient access to The Islander on South Pier, S. Business Drive Shopping Center, and Sheboygan Plaza. The neighborhood is considered walkable 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.