Here Are 5 Affordable Neighborhoods for Renters in Milwaukee

Milwaukee is a city known for its rich history, strong sense of community, and growing economy. Plus, as a hotspot in the Midwest, it offers plenty of opportunities for work, entertainment, and outdoor activities. However, the cost of living here is 3% higher than the state average and 1% above the national benchmark. While the gap is not that dramatic, this can be a concern for renters on a budget who are seeking affordability and convenience. The good news is that Milwaukee has several affordable neighborhoods where renters can enjoy a great quality of life without stretching their hard-earned dollars too thin.

So, if you’re looking for budget-friendly neighborhoods in Milwaukee, you’ll want to explore some of the city’s western enclaves, which offer prices way below the city average rent of $1,519, good amenities, and access to public transportation. We’ve curated five such areas where you can find a rental without straining your budget.

1. Washington Heights

Average rent as of January 2025: $713

Washington Heights is one of the most affordable neighborhoods in Milwaukee, offering a mix of historic charm and modern convenience. With an average rent of just $713 — half the norm in the city — it’s a smart choice for renters looking to save money while still enjoying life within an active community.

Washington Heights has a strong sense of community, with local events like farmers’ markets and neighborhood festivals happening throughout the year. Renting in Washington Heights means easy access to coffee shops, boutique stores, and cozy restaurants. Additionally, residents enjoy proximity to Washington Park, a great place for outdoor activities like walking, biking, and picnicking. With convenient bus routes and major roads nearby, commuting to other parts of Milwaukee is simple and stress-free.

2. Martin Drive

Average rent as of January 2025: $713

Martin Drive is another budget-friendly neighborhood in Milwaukee with an average rent of $713. This small but welcoming community is perfect for renters looking for a quiet yet well-connected area.

The neighborhood is close to downtown Milwaukee, making it ideal for those who work in the city but want to live in a more relaxed setting. Renters in Martin Drive benefit from access to parks, local cafes, and independent shops. Plus, the area has a diverse mix of rental options, from historic apartment buildings to more modern units. For outdoor enthusiasts, nearby Menomonee Valley offers walking trails and scenic views. Public transportation is also readily available, making it easy to navigate the city without a car.

3. Cold Spring Park

Average rent as of January 2025: $713

Cold Spring Park is another option among Milwaukee’s affordable neighborhoods. With an average rent of just $713, it provides excellent value for renters seeking apartments in a well-located area but without the financial strain.

This history-rich neighborhood features some of the city’s most charming early 20th-century architecture. Renting in Cold Spring Park means access to a tight-knit community, with friendly neighbors and local events throughout the year. The area is also home to several parks, making it a great place for those who enjoy spending time outdoors. Additionally, Cold Spring Park is close to major highways and public transit, ensuring a smooth commute to downtown and other parts of Milwaukee.

4. Concordia

Average rent as of January 2025: $713

Another great pick when it comes to affordable neighborhoods in Milwaukee is Concordia. With rent prices averaging $713, this historic district offers both charm and affordability.

Concordia is known for its beautiful historic homes and stunning architecture, giving the neighborhood a unique character. It has a laidback feel while still offering easy access to Downtown Milwaukee. Renters in Concordia enjoy proximity to local restaurants, shopping centers, and cultural attractions like the Tripoli Shrine Center. The neighborhood is also home to several parks and green spaces, making it a good choice for renters who appreciate nature and outdoor activities. If you’re a commuter, you have several public transit options from Concordia, which makes renting here convenient and efficient.

5. Metcalfe Park

Average rent as of January 2025: $754

Metcalfe Park is the priciest option on this list, but it still is one of Milwaukee’s most affordable neighborhoods with an average rent of $754. In fact, Metcalfe Park has been undergoing revitalization in recent years, bringing new opportunities and improvements to the area and making it increasingly popular for renting.

Renters in Metcalfe Park appreciate the neighborhood’s affordability, along with its growing number of local businesses and community organizations. The neighborhood is also home to Metcalfe Park (hence the neighborhood’s name), a great spot for relaxation and outdoor activities. When it comes to connectivity and mobility, there are multiple bus lines running through the area, so residents have easy access to downtown and other parts of Milwaukee.

That said, Milwaukee has plenty of affordable neighborhoods that offer great rental opportunities without compromising on quality of life. So, if you’re searching for a rental in Milwaukee, start by exploring these affordable neighborhoods to find the perfect place to call home. With great amenities, easy transportation, and reasonable rent prices, these areas are ideal for anyone looking to enjoy Milwaukee without the high cost.

If you’re interested in other Midwestern cities, browse our guides for Omaha, NE; Grand Rapids, MI; Detroit; and Chicago.