
Cheap Apartments for Rent in the Alverno Neighborhood of Milwaukee, WI from $500 (79 Rentals)
Search the lowest-cost Apartments available for rent right now in the Alverno area of Milwaukee.


3215 S 48th St

4100 S 51st St

4934 W Forest Home Ave

4820 W Forest Home Ave

2804 W Lincoln Ave

Total Monthly Price
1608 W Lincoln Ave, Unit #2

Forest Arms Apartments

1801 W Oklahoma Ave

Layton Grove
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.

2523 S 12th St

English Meadows Apartments

3270 S 49th St

Southgate

2132 S 23rd St, Unit lower

Total Monthly Price
5201 W Howard Ave, Unit 1

St. Gregory

Southport Apartments

Alverno Pool Apartments

Oklahoma Manor 58th
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.

4244 S 51st St

Total Monthly Price
6911 W TRIPOLI AVE, Unit 1

Layton 1900 Apartments

Oklahoma Gardens

5633 W Oklahoma Ave

4909 W Edgerton Ave

2647 S 28th St

4610 W Tripoli Ave

Cherokee Village

2727 S 13th St
Cash 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.

Becher Terrace (55+)

3235 S 48th St

4914 W Forest Home Ave

Hamilton Manor

Southgate Retreat Apartments

Hunters Square

4138 S 51st St

Parkway South

3130 S 48th St

3073 W Ruskin Ct
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.

Forrest Park

2501-2505 S 44th St

5224 W Forest Home Ave

6500 W Howard Avenue

2553-2561 S 44th St

51st and Coldspring

5821 W Lincoln Ave

Barrington Apartments

6522 W Forest Home Ave

Cleveland Terrace
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $984 | $984 | $984 |
| Alverno 1 Bedroom Apartments | $1,132 | $750 | $1,795 |
| Alverno 2 Bedroom Apartments | $1,341 | $900 | $2,107 |
| Alverno 3 Bedroom Apartments | $1,666 | $1,575 | $1,840 |
Browse Apartments in this Neighborhood
There are currently 79 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 Loomis Hills priced from $950. Layton Grove has the second lowest priced unit, which is a 1 Bed apartment currently listed from $968. Here are the most affordable Alverno apartments for rent in Milwaukee, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Loomis Hills | One Bed One Bath | 1BR,1BA | $950 |
| Layton Grove | One Bed One Bath | 1BR,1BA | $968 |
| Greenfield Village | 2 BD 1 Bathroom | 2BR,1BA | $985 |
| Southgate | One Bed One Bath | 1BR,1BA | $1,000 |
| St. Gregory | One Bed One Bath | 1BR,1BA | $1,060 |
| Southport Apartments | 1 Bedroom | 1BR,1BA | $1,090 |
| 51st and Coldspring | 2BR/1.0BA | 2BR,1BA | $1,095 |
| Alverno Pool Apartments | 1B1B | 1BR,1BA | $1,110 |
| Oklahoma Manor 58th | One Bed One Bath | 1BR,1BA | $1,126 |
Best Value Apartments for Rent in Alverno, WI
As of June 11, 2026 the best value apartment in the Alverno area is the $1.38 price per square foot 2710 S 68th St Model at 2710 S 68th St, Unit 2710-12 in the in the Southwest Side neighborhood starting from $1,650. The second greatest value Alverno apartment is the 6326 W Grant St Model at 6326 W Grant St, Unit 414-801-2497 Alex starting at $1,195 with a $1.26 price per square foot in the Burnham Park 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. |
|---|---|---|---|
| 2710 S 68th St, Unit 2710-12 | 2710 S 68th St | 3BR,1.5BA | $1.38 |
| 6326 W Grant St, Unit 414-801-2497 Alex | 6326 W Grant St | 1BR,1BA | $1.26 |
| Heritage Lake Senior Apartments 55+ | Two Bedroom | 2BR,2BA | $1.22 |
| Oklahoma Gardens | Two Bed One Bath | 2BR,1BA | $1.39 |
| 48 on Cold Spring | Two Bedroom/ One Bath | 2BR,1BA | $1.47 |
| Greenfield Village | 2 BD 1 Bathroom | 2BR,1BA | $1.17 |
| 4454 S 14th St | 2BR/1.0BA | 2BR,1BA | $1.49 |
| 1608 W Lincoln Ave, Unit Unit #2 | 1608 W Lincoln Ave | 2BR,1BA | $1.13 |
| 51st and Coldspring | 2BR/1.0BA | 2BR,1BA | $1.37 |
| Oklahoma Manor 58th | One Bed One Bath | 1BR,1BA | $1.51 |
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, Milwaukee, WI
Ranked #133
Among cities in Wisconsin 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.
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 $950 at Loomis Hills.
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 $985 at Greenfield Village.
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.

An Insiders Guide to Apartment Living Near Milwaukee's Four Employer Clusters
Written by: Tim Brown
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
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.