
Cheap Apartments for Rent in the Alverno College Neighborhood of Milwaukee, WI from $500 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Alverno College area of Milwaukee.


4820 W Forest Home Ave

4925 W Oklahoma Ave, Unit 6

3270 S 49th St

Cherokee Village
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

3235 S 48th St

4914 W Forest Home Ave

Southgate Retreat Apartments

Hunters Square

4138 S 51st St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

3130 S 48th St

3073 W Ruskin Ct

4100 S 51st St

48 on Cold Spring

White Oaks Apartment Homes - Senior - 55+
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Alverno College, Milwaukee, WI Local Guide

How much does it cost to rent an apartment in Alverno College?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alverno College 1 Bedroom Apartments | $1,114 | $845 | $1,733 |
| Alverno College 2 Bedroom Apartments | $1,355 | $1,050 | $2,150 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 1 mile radius of the Alverno College Neighborhood of Milwaukee, WI.
See all Apartments in MilwaukeeExplore Milwaukee
Alverno College, Milwaukee, WI Local Guide
- Nearby Milwaukee neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Alverno College Apartments for Rent
 The cheapest available apartment rental in the Alverno College area of Milwaukee, WI is a 1 Bed unit found at Loomis Hills priced from $1,060. Oklahoma Gardens has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,062. Here are the most affordable Alverno College apartments for rent in Milwaukee, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Loomis Hills | Arlington | 1BR,1BA | $1,060 |
| Oklahoma Gardens | Juniper | 1BR,1BA | $1,062 |
| 51st Street 8 Families | 2BR/1.0BA | 2BR,1BA | $1,095 |
| Southgate | Alcove | 1BR,1BA | $1,106 |
| Alverno Pool Apartments | 1B1B | 1BR,1BA | $1,110 |
Best Value Apartments for Rent in Alverno College, WI
As of April 29, 2026 the best value apartment in the Alverno College area is the $1.75 price per square foot Regency Model at Ravinia in the in the Far South Side neighborhood starting from $1,753. The second greatest value Alverno College apartment is the Midland Model at Oklahoma Manor starting at $1,607 with a $1.66 price per square foot in the Southwest Side neighborhood. Here is today’s list of the best values for Alverno College apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ravinia | Regency | 2BR,2BA | $1.75 |
| Oklahoma Manor | Midland | 2BR,2BA | $1.66 |
| 51st Street 8 Families | 2BR/1.0BA | 2BR,1BA | $1.37 |
| Southgate | Terrace | 2BR,1BA | $1.65 |
| Alverno Pool Apartments | 1B1B | 1BR,1BA | $1.59 |
| Loomis Hills | Arlington | 1BR,1BA | $1.74 |
| Oklahoma Gardens | Juniper | 1BR,1BA | $1.93 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleAlverno College, Milwaukee, WI
Ranked #183
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Alverno College Apartments
How much is rent for a Cheap One Bedroom Alverno College Apartment?
The lowest price for a Cheap One Bedroom Alverno College Apartment is $1,060 at Loomis Hills.
What is the lowest price for a Cheap Two Bedroom Alverno College Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Alverno College is starting from $1,095 at 51st Street 8 Families.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

Finding The Best Affordable Milwaukee Neighborhoods to Rent
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then just blocks outside the border, many Milwaukee neighborhoods have been home to friends and family for many years.

The Top Neighborhoods for Off-Campus Housing for Milwaukee-Area College Students
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, many of the Milwaukee neighborhoods profiled here have been home to friends and family.

A Local Experts Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, Milwaukee's neighborhoods have been home to friends and family for years.
Articles, How-To's, and Tips

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.