
Cheap Apartments for Rent in the Alverno College Neighborhood of Milwaukee, WI from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Alverno College area of Milwaukee.


4100 S 51st St

4934 W Forest Home Ave

4820 W Forest Home Ave

Southgate

3270 S 49th St
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.

Cherokee Village

3235 S 48th St

4914 W Forest Home Ave

Southgate Retreat Apartments

Hunters Square

4138 S 51st St
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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

5224 W Forest Home Ave

48 on Cold Spring

Loomis Hills

5000 W Cold Spring Rd
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White Oaks Apartment Homes - Senior - 55+
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 | $1,039 | $845 | $1,712 |
| Alverno College 2 Bedroom Apartments | $1,438 | $1,050 | $2,107 |
| Alverno College 3 Bedroom Apartments | $1,587 | $1,575 | $1,600 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 1 mile radius of the Alverno College Neighborhood of Milwaukee, WI.
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Alverno College, Milwaukee, WI Local Guide
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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 $959. Southgate has the second lowest priced unit, which is a 1 Bed apartment currently listed from $990. Here are the most affordable Alverno College apartments for rent in Milwaukee, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Loomis Hills | One Bed One Bath | 1BR,1BA | $959 |
| Southgate | One Bed One Bath | 1BR,1BA | $990 |
| Southport Apartments | 1 Bedroom | 1BR,1BA | $1,090 |
| 51st Street 8 Families | 2BR/1.0BA | 2BR,1BA | $1,095 |
| Alverno Pool Apartments | 1B1B | 1BR,1BA | $1,110 |
Best Value Apartments for Rent in Alverno College, WI
As of June 14, 2026 the best value apartment in the Alverno College area is the $1.39 price per square foot Two Bed One Bath Model at Oklahoma Gardens in the in the Far South Side neighborhood starting from $1,227. The second greatest value Alverno College apartment is the Two Bedroom/ One Bath Model at 48 on Cold Spring starting at $1,250 with a $1.47 price per square foot in the White Manor 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. |
|---|---|---|---|
| Oklahoma Gardens | Two Bed One Bath | 2BR,1BA | $1.39 |
| 48 on Cold Spring | Two Bedroom/ One Bath | 2BR,1BA | $1.47 |
| 51st Street 8 Families | 2BR/1.0BA | 2BR,1BA | $1.37 |
| Oklahoma Manor 58th | One Bed One Bath | 1BR,1BA | $1.52 |
| Southgate | Two Bed One Bath | 2BR,1BA | $1.79 |
| Alverno Pool Apartments | 1B1B | 1BR,1BA | $1.59 |
| Southport Apartments | 1 Bedroom | 1BR,1BA | $1.82 |
| Loomis Hills | One Bed One Bath | 1BR,1BA | $1.64 |
Don'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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 #163
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 $959 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
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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
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An Insiders Guide to Apartment Living Near Milwaukee's Four Employer Clusters
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Having grown up in Milwaukee and lived in Waukesha for several years, I have come to realize that the Milwaukee metro area offers diverse employment and housing opportunities.
Articles, How-To's, and Tips

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.