
Cheap Homes for Rent in the Alverno Neighborhood of Milwaukee, WI from $800 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Alverno area of Milwaukee.


5506 W Lincoln Ave, Unit 1

3235 S 48th St

1801 W Oklahoma Ave
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2132 S 23rd St, Unit lower

2233 S 58th St, Unit 2233

3904 S Sunset Dr

5720 W Rogers St
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3401 S 57th St
Alverno, Milwaukee, WI Local Guide

How much does it cost to rent a home in Alverno?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alverno 2 Bedroom Homes for Rent | $1,661 | $1,400 | $2,000 |
| Alverno 3 Bedroom Homes for Rent | $2,028 | $1,600 | $2,950 |
| Alverno 4 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 9 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 Layton Grove priced from $961. Honey Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,025. Here are the most affordable Alverno apartments for rent in Milwaukee, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Layton Grove | One Bed One Bath | 1BR,1BA | $961 |
| Honey Creek Apartments | 1BR/1BA | 1BR,1BA | $1,025 |
| Southgate | One Bed One Bath 614 sqft | 1BR,1BA | $1,028 |
Best Value Apartments for Rent in Alverno, WI
As of July 26, 2026 the best value apartment in the Alverno area is the $1.33 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 $1,600. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2710 S 68th St, Unit 2710-12 | 2710 S 68th St | 3BR,1.5BA | $1.33 |
| 3001 S 56th St | Unit 16 | 2BR,1BA | $1.18 |
| Lofts at Layton | 3 Bed 1.5 Bath Remodel | 3BR,1.5BA | $1.63 |
| 1504 W Cleveland Ave, Unit Apartment #1 | 1504 W Cleveland Ave | 3BR,1BA | $1.20 |
| Oklahoma Manor 58th | Two Bed One Bath | 2BR,1BA | $1.48 |
| Heritage Lake Senior Apartments 55+ | Two Bedroom | 2BR,2BA | $1.22 |
| Willowick Apartments | 2 Bed 1 Bath Lower | 2BR,1BA | $1.47 |
| Honey Creek Apartments | 1BR/1BA | 1BR,1BA | $1.17 |
| 4454 S 14th St. (12 Unit) | 2BR/1.0BA | 2BR,1BA | $1.43 |
| Greenbrook Apartments | One Bedroom One Bath | 1BR,1BA | $1.54 |
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 #180
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Alverno
What type of rentals are currently available in Alverno?
There are currently 246 Apartments for Rent in Alverno, WI with pricing that ranges from $825 to $2,395. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alverno ranging from $825 to $3,000.
What is the current price range for Rental Homes in Alverno?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Alverno ranges from $825 to $3,000 with an average monthly rent of $1,692.
How much are larger Three and Four Bedroom Rentals in Alverno?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Alverno range from $1,200 to $2,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $2,950. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $1,700.
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

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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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.

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.

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