Cheap Apartments for Rent in the Alverno Neighborhood of Milwaukee, WI from $500 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Alverno area of Milwaukee.

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Cherokee Village
1 to 2 Bedroom Apartments

Cherokee Village

4058 S 43rd StMilwaukee, WI 53220
  • Utilities Included
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2727 S 13th St
1 to 2 Bedroom Apartments

2727 S 13th St

2727 S 13th StMilwaukee, WI 53215
  • Utilities Included

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.

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Becher Terrace (55+)
1 to 2 Bedroom Apartments

Becher Terrace (55+)

1800 W Becher StMilwaukee, WI 53215
Senior Living
  • Utilities Included
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3235 S 48th St
1 Bedroom Apartments

3235 S 48th St

3235 S 48th StMilwaukee, WI 53219
  • Utilities Included
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Hamilton Manor
1 to 2 Bedroom Apartments

Hamilton Manor

3700 S 61st StMilwaukee, WI 53220
  • Utilities Included

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.

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Hunters Square
1 to 2 Bedroom Apartments

Hunters Square

3180 W Dakota StMilwaukee, WI 53215
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4138 S 51st St
1 to 2 Bedroom Apartments

4138 S 51st St

4138 S 51st StMilwaukee, WI 53220
  • Utilities Included
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Parkway South
2 Bedroom Apartments

Parkway South

2433-2551 S 43rd StMilwaukee, WI 53219

The 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.

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3073 W Ruskin Ct
2 Bedroom Apartments

3073 W Ruskin Ct

3073 W Ruskin CtMilwaukee, WI 53215
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Tara Hill Apartments
1 to 2 Bedroom Apartments

Tara Hill Apartments

3946 S Tara Hill DrGreenfield, WI 53220
  • Utilities Included

Alverno, Milwaukee, WI Local Guide

Cheapest Available Alverno Apartments for Rent

 

The cheapest available apartment rental in the Alverno area of Milwaukee, WI is a 1 Bed unit found at Forest Arms Apartments priced from $925. Southgate has the second lowest priced unit, which is a 1 Bed apartment currently listed from $993. Here are the most affordable Alverno apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Forest Arms ApartmentsOne Bedroom1BR,1BA$925
SouthgateGreenhouse1BR,1BA$993
3270 S 49th StOne Bed One Bath1BR,1BA$995
Willowick1 Bed 1 Bath Upper1BR,1BA$999
English Meadows Apartment Homes1 Bedroom - 720 Sq Ft1BR,1BA$1,014

Best Value Apartments for Rent in Alverno, WI

As of September 14, 2025 the best value apartment in the Alverno area is the $0.66 price per square foot 2216 S 30th St Model at 2216 S 30th St, Unit 2216 s 30th Milwaukee WI in the in the Near South Side neighborhood starting from $1,400. The second greatest value Alverno apartment is the 4270 S 68th St Model at 4270 S 68th St, Unit Lower starting at $1,495 with a $1.11 price per square foot in the Alcott Park neighborhood. Here is today’s list of the best values for Alverno apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2216 S 30th St, Unit 2216 s 30th Milwaukee WI2216 S 30th St3BR,1BA$0.66
4270 S 68th St, Unit Lower4270 S 68th St3BR,1BA$1.11
2172 S 66th St, Unit 2174 66th St Upper West2172 S 66th St2BR,1BA$1.21
Heritage Lake Senior Apartments 55+Two Bedroom Deluxe2BR,2BA$1.08
2326 S 75th St, Unit 23262326 S 75th St2BR,1BA$1.38
48 on Cold SpringTwo Bedroom/ One Bath2BR,1BA$1.29
3270 S 49th StOne Bed One Bath1BR,1BA$1.23
51st Street 8 Families2BR/1.0BA2BR,1BA$1.31
English Meadows Apartment Homes1 Bedroom - 720 Sq Ft1BR,1BA$1.41
Forest Arms ApartmentsOne Bedroom1BR,1BA$1.38

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Pet Friendly Lifestyle
Alverno, Milwaukee, WI

Ranked #186

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Alverno Neighborhood in Milwaukee, WI

Walk Score®

48 / 100

Car-Dependent

Most errands require a car

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

45 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Alverno Apartments

How much is rent for a Cheap One Bedroom Alverno Apartment?

The lowest price for a Cheap One Bedroom Alverno Apartment is $925 at Forest Arms Apartments.

What is the lowest price for a Cheap Two Bedroom Alverno Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Alverno is starting from $1,025 at Forest Arms Apartments.

What is the most affordable Alverno Three Bedroom Apartment?

The best deal on a cheap Alverno Three Bedroom Apartment rental is at Lofts at Layton and starts from $1,624.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.