Cheap Apartments for Rent in the Alverno Neighborhood of Milwaukee, WI from $585 (84 Rentals)

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

An Insider's Guide to Apartment Living Near Milwaukee's Four Employer Clusters

Discover Milwaukee apartment living from Downtown lofts to affordable suburban homes. We detail neighborhoods near the four major employment hubs: urban, leafy, and everything in between.

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Rent According to Income: A Look at Income-Restricted Rentals

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A Local Expert's Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit

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property at 3014 S 48th St
$1,300

Total Monthly Price

Base Rent$1,300
Total Monthly Price$1,300
2 Bedroom, 1 Bath Home for Rent
Available Oct 1
Cost Per Sq.Ft.

3014 S 48th St

MilwaukeeWI53219
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Cherokee Village
1 to 2 Bedroom Apartments

Cherokee Village

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

2727 S 13th St

2727 S 13th StMilwaukee, WI 53215
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Becher Terrace (55+)
1 to 2 Bedroom Apartments

Becher Terrace (55+)

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

3235 S 48th St

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

Hamilton Manor

3700 S 61st StMilwaukee, WI 53220
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Check Out Milwaukee’s Best Affordable Neighborhoods

Learn about Milwaukee and the best places to live with original content written by our Local Expert Tim Brown

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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
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Parkway South
2 Bedroom Apartments

Parkway South

2433-2551 S 43rd StMilwaukee, WI 53219
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3250 S 49th St
1 Bedroom Apartments

3250 S 49th St

3250 S 49th StMilwaukee, WI 53219
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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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6500 W Howard Avenue
2 Bedroom Apartments

6500 W Howard Avenue

6500 W Howard AveMilwaukee, WI 53220
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property at 3107 S 12th St
$1,000 - $2,100
1 To 3 Bedroom Rentals
Available Now
Affordability

3107 S 12th St

MilwaukeeWI53215

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

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 3130 S 48th St. - 8 Family priced from $875. Layton Grove has the second lowest priced unit, which is a 1 Bed apartment currently listed from $965. Here are the most affordable Alverno apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
3130 S 48th St. - 8 Family1BR/1.0BA1BR,1BA$875
Layton GroveOne Bed One Bath1BR,1BA$965
Honey Creek Apartments1BR/1BA1BR,1BA$1,025
SouthgateOne Bed One Bath 614 sqft1BR,1BA$1,027
St. GregoryOne Bed One Bath1BR,1BA$1,037
Southport Apartments1 Bedroom1BR,1BA$1,090
Heritage Lake Senior Apartments 55+Two Bedroom2BR,2BA$1,130
Oklahoma Manor 58thOne Bed One Bath1BR,1BA$1,135

Best Value Apartments for Rent in Alverno, WI

As of September 09, 2026 the best value apartment in the Alverno area is the $1.09 price per square foot 5214 W Forest Home Ave Model at 5214 W Forest Home Ave, Unit 101 in the in the Southwest Side neighborhood starting from $1,250. The second greatest value Alverno apartment is the Unit 16 Model at 3001 S 56th St starting at $1,295 with a $1.18 price per square foot in the Southwest Side 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.
5214 W Forest Home Ave, Unit 1015214 W Forest Home Ave2BR,1.5BA$1.09
3001 S 56th StUnit 162BR,1BA$1.18
1504 W Cleveland Ave, Unit Apartment #11504 W Cleveland Ave3BR,1BA$1.10
3470 S 16th St, Unit LOWER3470 S 16th St2BR,1BA$1.30
Oklahoma Manor 58thTwo Bed One Bath2BR,1BA$1.49
Heritage Lake Senior Apartments 55+Two Bedroom2BR,2BA$1.22
Honey Creek Apartments1BR/1BA1BR,1BA$1.17
Greenfield Village2 Bed 1 Bath:2BR,1BA$1.55
Southport Apartments1 Bedroom1BR,1BA$1.45
5605 W Lincoln Ave, Unit 55605 W Lincoln Ave1BR,1BA$1.52

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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real 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.

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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.

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Pet Friendly Lifestyle
Alverno, Milwaukee, WI

Ranked #170

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $875 at 3130 S 48th St. - 8 Family.

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 $1,130 at Heritage Lake Senior Apartments 55+.

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 $1,850.

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

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An Insider's 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.

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A Local Expert's 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.

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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.

decorative image for Finding The Best Affordable Milwaukee Neighborhoods to Rent article

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.