Cheap Homes for Rent in Alverno Neighborhood of Milwaukee, WI from $800 (12 Rentals)

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

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 Becher Terrace (55+) priced from $655. Southgate has the second lowest priced unit, which is a 1 Bed apartment currently listed from $977. Here are the most affordable Alverno apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
Becher Terrace (55+)One Bedroom1BR,1BA$655
SouthgateAlcove1BR,1BA$977
3270 S 49th StOne Bed One Bath1BR,1BA$995
Southport Apartments1 Bedroom1BR,1BA$1,040
51st Street 8 Families2BR/1.0BA2BR,1BA$1,050

Best Value Apartments for Rent in Alverno, WI

As of July 29, 2025 the best value apartment in the Alverno area is the $1.08 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 $1,295. The second greatest value Alverno apartment is the 2 Bedroom 2 Bath - 1105 Sq Ft Model at English Meadows Apartment Homes starting at $1,284 with a $1.16 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.
1324 W Holt Ave, Unit 1324A Upper1324 W Holt Ave3BR,1BA$1.08
English Meadows Apartment Homes2 Bedroom 2 Bath - 1105 Sq Ft2BR,2BA$1.16
Layton 1900Delta2BR,1BA$1.30
American ColonyWoodview2BR,1.5BA$1.26
Heritage Lake Senior Apartments 55+Two Bedroom Deluxe2BR,2BA$1.08
3270 S 49th StOne Bed One Bath1BR,1BA$1.23
51st Street 8 Families2BR/1.0BA2BR,1BA$1.31
SouthgateModern1BR,1BA$1.39
Becher Terrace (55+)One Bedroom1BR,1BA$0.94
1921 W Grant St, Unit lower1921 W Grant St2BR,1BA$1.41

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Frequently Asked Questions about Alverno

What type of rentals are currently available in Alverno?

There are currently 234 Apartments for Rent in Alverno, WI with pricing that ranges from $725 to $2,714. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alverno ranging from $800 to $2,950.

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 $800 to $2,950 with an average monthly rent of $1,393.

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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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.

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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.

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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.