
Cheap Apartments for Rent in the Alverno Neighborhood of Milwaukee, WI from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Alverno area of Milwaukee.


4934 W Forest Home Ave, Unit 7

3215 S 48th St

5224 W Forest Home Ave
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

2111 S 60th St
Alverno, Milwaukee, WI Local Guide

How much does it cost to rent an apartment in Alverno?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Alverno Studio Apartments | $934 | $934 | $934 |
Alverno 1 Bedroom Apartments | $1,094 | $725 | $2,397 |
Alverno 2 Bedroom Apartments | $1,394 | $850 | $2,782 |
Alverno 3 Bedroom Apartments | $1,878 | $1,370 | $2,795 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Alverno Neighborhood of Milwaukee, WI.
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Alverno, Milwaukee, WI Local Guide
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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 Becher Terrace (55+) priced from $655. Honey Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable Alverno apartments for rent in Milwaukee, WI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Becher Terrace (55+) | One Bedroom | 1BR,1BA | $655 |
Honey Creek Apartments | 1BR/1BA | 1BR,1BA | $925 |
48 on Cold Spring | One Bedroom | 1BR,1BA | $950 |
Southgate | Greenhouse | 1BR,1BA | $953 |
4340 W Loomis | 1 / 1. | 1BR,1BA | $1,025 |
Best Value Apartments for Rent in Alverno, WI
As of June 28, 2025 the best value apartment in the Alverno area is the $1.12 price per square foot 1324 W Holt Ave Model at 1324 W Holt Ave, Unit 1324A Upper in the in the Far South Side neighborhood starting from $1,345. The second greatest value Alverno apartment is the Aberdeen Model at Ravinia starting at $1,750 with a $1.47 price per square foot in the Far South Side neighborhood. Here is today’s list of the best values for Alverno apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1324 W Holt Ave, Unit 1324A Upper | 1324 W Holt Ave | 3BR,1BA | $1.12 |
Ravinia | Aberdeen | 2BR,2BA | $1.47 |
Heritage Lake Senior Apartments 55+ | Two Bedroom Deluxe | 2BR,2BA | $1.08 |
Honey Creek Apartments | 1BR/1BA | 1BR,1BA | $1.06 |
Layton 1900 | Bravo | 2BR,1BA | $1.47 |
51st Street 8 Families | 2BR/1.0BA | 2BR,1BA | $1.31 |
48 on Cold Spring | One Bedroom | 1BR,1BA | $1.27 |
Becher Terrace (55+) | One Bedroom | 1BR,1BA | $0.94 |
5224 W Forest Home Ave | 5224 W Forest Home Ave | 1BR,1BA | $1.38 |
4934 W Forest Home Ave, Unit 7 | 4934 W Forest Home Ave | 1BR,1BA | $1.38 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleAlverno, Milwaukee, WI
Ranked #135
Among neighborhoods in Milwaukee, WI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in metropolitan areas across the United States and customized analysis for Southern Milwaukee. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, transit availability, pet-friendly communities, features that make it easier to raise kids, and much more. These search options are in the site filters at the top of this page.
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Alverno Apartments
What is the price of a cheap apartment in Alverno?
The cheapest apartment in Alverno is Becher Terrace (55+) which is listed at $655, while the average apartment in Alverno costs $1,704.
What types of apartments are the cheapest in Alverno?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 9 regular apartments in Alverno that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.