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Apartments Under $500 in Milwaukee, WI

1 - 30 of 31 Results
5
$360 - 500
150 E. Juneau Ave.
150 E Juneau Ave Milwaukee, WI
Studio | Jan. 1, 2026
Contact
Heat Included
MSOE
5
$500
530 N 27th Street
2.5
Milwaukee, WI
1 BR | Available Now
Contact
Heat Included
Surface Parking
Concordia
8
$ Ask - 1,050
Deer Trail Apartments
9800-9875 Menomonee Park Court Milwaukee, WI
2 BR | Available Now
Contact
Heat Included
Air Conditioning
Surface Parking
Balcony/Deck/Patio
12
$ Ask - 1,085
1609 Prospect Apartments
Deal
1609 N Prospect Avenue Milwaukee, WI
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
Lower East Side
9
$ Ask - 715
East Park Apartments
Deal
1522 Marshall Street Milwaukee, WI
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Lower East Side
17
$ Ask - 1,245
River Place Apartments
4201 W. Hawthorne Trace Rd Milwaukee, WI
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Fitness Center
5
$ Ask - 800
Westover Apartments
10400-30 W. Fond Du Lac Milwaukee, WI
2 BR | Available Now
Contact
Heat Included
Air Conditioning
Storage
5
$390 - 395
2803 W Kilbourn Avenue
Milwaukee, WI
Studio - 1 BR | Available Now
Contact
Heat Included
Surface Parking
Concordia
5
$475
1656 S 8th Street
Milwaukee, WI
Studio | Available Now
Contact
Heat Included
Surface Parking
Historic Mitchell Street
8
$420
902 S 25th St
Milwaukee, WI
1 BR | Available Now
Contact
Heat Included
Storage
Disability Access
National Park
16
$395
835 N. 23rd Street
Milwaukee, WI
Studio | Available Now
Contact
Senior Community
Air Conditioning
Avenues West
9
$495
808 N 24th Street
Milwaukee, WI
1 BR | Available Now
Contact
Heat Included
Covered Parking
Surface Parking
Storage
Avenues West
7
$395
3010 W Wells St
Milwaukee, WI
Studio | Available Now
Contact
Heat Included
Student
Covered Parking
Surface Parking
Concordia
6
$465
2435 W Wisconsin Avenue
Milwaukee, WI
Studio | Available Now
Contact
Heat Included
Cat Friendly
Avenues West
2
$ Ask - 850
Royal Plaza Apartments
1725 N. Prospect Avenue Milwaukee, WI
1 BR | Available Now
Contact
Heat Included
Furnished
Dog Friendly
Cat Friendly
Luxury
1
$ Ask - 855
Humboldt Apartments
2628-2630 N. Humboldt Avenue Milwaukee, WI
1 BR | Available Now
Contact
Heat Included
Storage
Riverside Park
1
$495
836 N 28th Street
Milwaukee, WI
1 BR | Available Now
Contact
Heat Included
Covered Parking
Surface Parking
Storage
Concordia
1
$ Ask - 1,390
3075-3077 N Newhall St
Milwaukee, WI
4 BR | Available Now
Contact
Student
House
Surface Parking
$461
Appleton Heights
9903 W Appleton Ave Milwaukee, WI
3 BR | Available Now
Contact
Heat Included
Air Conditioning
Surface Parking
Balcony/Deck/Patio
Dishwasher
7
$500
530 N. 27th Street
Milwaukee, WI
1 BR | Available Now
Contact
Concordia
2
$500
3345 West Highland Boulevard
Milwaukee, WI
Studio | Available Now
Contact
Heat Included
Storage
Cold Spring Park
1
$475
2621 W Michigan Street
Milwaukee, WI
1 BR | Available Now
Contact
Heat Included
Surface Parking
Concordia
1
$450 - 475
2338 W Frst
Milwaukee, WI
1 BR | Available Now
Contact
Heat Included
Storage
Disability Access
Forest Home Hills
2
$410
3104 W. Wells Street
Milwaukee, WI
1 BR | Available Now
Contact
Heat Included
Balcony/Deck/Patio
Concordia
3
$495
3210 W Wells Street
Milwaukee, WI
1 BR | Available Now
Contact
Heat Included
Student
Covered Parking
Surface Parking
Concordia
$425
3227 W. Wells Street
Milwaukee, WI
Studio | Available Now
Contact
Heat Included
Concordia
2
$475
3920 N. 6th Street
Milwaukee, WI
Studio | Available Now
Contact
1
$495
2418a East Webster Place
Milwaukee, WI
2 BR | Available Now
Contact
Murray Hill
1
$395
3118 W. Wells Street
Milwaukee, WI
Studio | Available Now
Contact
Heat Included
Concordia
1
$495
2803 W. Kilbourn Avenue
Milwaukee, WI
1 BR | Available Now
Contact
Concordia
1 - 30 of 31 Results
  1. Home
  2. Milwaukee
  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Milwaukee, WI on Rentable.co?

There are 31 apartments under $500 in Milwaukee currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Milwaukee?

Rentable.co has 143 studio apartments under $500 available for rent in Milwaukee.

How many one-bedroom apartments under $500 are available in Milwaukee?

Rentable.co has 225 one-bedroom apartments under $500 available for rent in Milwaukee.

How many two-bedroom apartments under $500 are available in Milwaukee?

Rentable.co has 222 two-bedroom apartments under $500 available for rent in Milwaukee.

Can I afford a apartment under $500 in Milwaukee, WI?

To comfortably afford a apartment under $500 in Milwaukee based on average rent prices, a household would need an annual income of $19,000.

Which neighborhoods have the most apartments under $500 for rent in Milwaukee, WI?

  1. Concordia
  2. Lower East Side
  3. Avenues West
  4. Northpoint
  5. Murray Hill

Apartments Under $500 in Milwaukee, WI: December Rental Information

Welcome to the December 2025 Milwaukee Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2025 key findings and figures for the Milwaukee rental landscape.

Our experts analyze the inventory trends for apartments under $500 - overall market rent-distribution, availability by bedroom count, and month-over-month comparisons - in Milwaukee and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Milwaukee.

With this comprehensive report, prospective renters in Milwaukee can gain valuable knowledge about the current rental market and make informed decisions about their apartment search. Whether you're looking for a studio or one-bedroom apartment, this report will provide you with the most up-to-date information on rent prices and availability in the area.
0 17 35 52 70 <$600 $660 $780 $900 $1,020 $1,140 $1,260 $1,380 $1,500 $1,620 $1,740 $1,860 $1,980 $2,100 $2,220 $2,340
This month, the typical cost to rent a one-bedroom apartment in Milwaukee stands at $1,120, with the majority falling between $610 and $2,300. Out of the 4,610 one-bedroom apartments currently on the market in Milwaukee, 24 are priced below $500, accounting for 1% of the total available one-bedroom units in Milwaukee.

Available Apartments Under $500: Milwaukee vs. Surrounding Areas

Milwaukee, WI
Wauwatosa, WI
Waukesha, WI
Brookfield, WI
54
9
4
3
In December 2025, Rentable's apartment search in Milwaukee, WI and surrounding areas offers a range of affordable housing options. This chart displays the number of available apartments under $500 in Milwaukee, WI and its nearby cities, including West Allis, Shorewood, Slinger, Pewaukee, Elm Grove, South Milwaukee, Whitefish Bay, Jackson, Menomonee Falls, Cedarburg, Mequon, Port Washington, Chenequa, Fox Point, Franklin, Sussex, Mukwonago, Bayside, Germantown, Muskego, Glendale, Cudahy, New Berlin, Grafton, Greendale, Greenfield, Delafield, North Prairie, St Francis, Oak Creek, Wales, Oconomowoc, Saukville, Hartford, Hartland, Eagle, Waukesha, East Troy, Brookfield, Brown Deer, Wauwatosa, Friesse Lake, Waterford, Hales Corners, and Dousman. With a total inventory of 86 apartments in the metro area, renters in search of budget-friendly living have a variety of choices to explore. Whether you are a student, professional or a small family, Rentable can help you find an affordable apartment in and around Milwaukee that fits your needs and budget.

Apartments Under $500 Now vs. Last Month: Milwaukee and Surrounding Areas

City Apartments Under $500 in December M/M % Change
Milwaukee, WI 54 +1.03%
Wauwatosa, WI 9 +1.02%
Waukesha, WI 4 +1.0%
Brookfield, WI 3 +0.88%
Hartland, WI 3 +0.85%
Mequon, WI 2 +1.0%
Cudahy, WI 2 +1.08%
Port Washington, WI 2 +1.08%
New Berlin, WI 2 +0.87%
Jackson, WI 1 +1.0%

Looking for Apartments Under $500 in Milwaukee?

Available apartments under $500 616
Top amenities Air Conditioning, On Site Laundry, Refrigerator, Range / Oven, Off Street Parking
Deals 31
Pet friendly 59
Utilities included 36
Furnished 7
Studio 14
1 Bedroom 47
2 Bedroom 33
Square footage 350 - 1,225

Where are Milwaukee Apartments Under $500?

Top Neighborhoods Concordia, Lower east side, Avenues west, Northpoint, Murray hill
Concordia 11
Lower East Side 3
Avenues West 3
Northpoint 2
Murray Hill 2
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