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Apartments for Rent in Milwaukee, WI under $500 – 16 Rentals available

  • Apartment
    605-617 N. 23Rd Street, Milwaukee, WI 53233
    $495 - $515
    • Studio-2 Beds
    • 1 Baths
    Available Today!
    (414) 940-8954
  • Apartment
    2704 N. Hackett, Milwaukee, WI 53211
    $500 - $695
    • Studio
    Available Today!
    (414) 419-0253
  • Apartment
    727 N. 21St Street, Milwaukee, WI 53233
    $475 - $700
    • Studio-1 Bed
    • 1 Bath
    Available Today!
    (414) 507-4100
  • Apartment
    2841 West Highland Blvd #101, Milwaukee, WI 53208
    $495 - $635
    • Studio-2 Beds
    • 1 Bath
    Available Today!
    (833) 749-6842
  • Apartment
    611 N. 20Th Street, Milwaukee, WI 53233
    $475 - $650
    • Studio-1 Bed
    • 1 Bath
    Available Today!
    (414) 507-4100
  • Apartment
    2545 N. Stowell Avenue, Milwaukee, WI 53211
    $85 - $1,425
    • Studio-3 Beds
    • 1 Baths
    Integral Management Co., LLC
    Available Today!
    (414) 431-9777
  • Apartment
    2448 West Kilbourn Avenue, Milwaukee, WI 53233
    $495 - $575
    • Studio-1 Bed
    • 1 Bath
    Property Manager
    Available Today!
    (414) 433-1613
  • Apartment
    4765 N 32Nd St, Milwaukee, WI 53209
    $480 - $790
    • 1-3 Beds
    • 1-1.5 Baths
    (414) 292-3784

Popular Searches

Milwaukee, WI Demographics

  • Total Population599,086
  • Female 288,171
    Male 310,915
  • Median Age31.3

Average Rent in Milwaukee, WI

  • Milwaukee, WI Average Rental Price, May 2019$1,147/mo

Milwaukee, WI Apartment Rent Ranges

  • < $5001%
  • $501-$70010%
  • $701-$1,00037%
  • $1,001-$1,50035%
  • $1,501-$2,00013%
  • > $2,0005%

Milwaukee, WI Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 May / 2019
Milwaukee, WI $1,067 $1,087 $1,083 $1,092 $1,112 $1,114 $1,120 $1,125 $1,147
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
/

Average rent is projected to grow by 3% in 2018 compared to 2017.

Please note that projected rent growth is calculated at city level.

Average rent values on this page are aggregated from data from the following zip codes: 532025320353204532055320653207532085320953210532115321253213532145321553216532185321953220532215322253223532245322553226532285323353295

Check out the average rent prices in Milwaukee by neighborhood.

Milwaukee, WI Households

  • Total Number of Households230,463
  • Family 126,976
    Non-family 103,487
  • Children 73,844
    No Children 156,619
  • Average People Per Household2.53
  • Median Household Income$38,289
  • Median Housing Costs Per Month$876

Milwaukee, WI Education Statistics

  • No High School5%
  • Some High School42%
  • Some College25%
  • Associate Degree6%
  • Bachelor Degree14%
  • Graduate Degree7%

Renting apartments in Milwaukee, WI under $500

Searching for apartments for rent in Milwaukee, WI under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RENTCafé can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Milwaukee, WI, where the average rent is $586 per month, there are 18 units available for less than $500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Milwaukee, WI. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Milwaukee, WI going for $150 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!