Cheap Apartments for Rent in the Alverno Neighborhood of Milwaukee, WI from $500 (52 Rentals)

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

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Cherokee Village
1 Bedroom Apartments

Cherokee Village

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

2727 S 13th St

2727 S 13th StMilwaukee, WI 53215
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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 Bedroom Apartments

Hamilton Manor

3700 S 61st StMilwaukee, WI 53220
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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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3073 W Ruskin Ct
2 Bedroom Apartments

3073 W Ruskin Ct

3073 W Ruskin CtMilwaukee, WI 53215
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Forrest Park
2 Bedroom Apartments

Forrest Park

3741 S 61st StMilwaukee, WI 53220
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St. Gregory
1 to 2 Bedroom Apartments

St. Gregory

6333 W Lakefield DrMilwaukee, WI 53219
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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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6522 W Forest Home Ave
2 Bedroom Apartments

6522 W Forest Home Ave

6522 W Forest Home AveMilwaukee, WI 53220
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Oklahoma Gardens
1 to 2 Bedroom Apartments

Oklahoma Gardens

3701 W Oklahoma AveMilwaukee, WI 53215
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Oklahoma Manor
1 to 2 Bedroom Apartments

Oklahoma Manor

5634 W Oklahoma AveMilwaukee, WI 53219
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6709-6710 W Barnard Ave
2 Bedroom Apartments

6709-6710 W Barnard Ave

6709-6710 W Barnard AveGreenfield, WI 53220
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Tara Hill Apartments
1 to 2 Bedroom Apartments

Tara Hill Apartments

3946 S Tara Hill DrGreenfield, WI 53220
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The Edgerton
2 Bedroom Apartments

The Edgerton

4909 W Edgerton AveGreenfield, WI 53220
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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 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 ListingModel NameBed/BathPriced From
Becher Terrace (55+)One Bedroom1BR,1BA$655
Honey Creek Apartments1BR/1BA1BR,1BA$925
English Meadows Apartment HomesStudioStudio,1BA$934
Greenfield Village2 BD/1 BA2BR,1BA$950
4340 W Loomis1 / 1.1BR,1BA$1,025
51st Street 8 Families2BR/1.0BA2BR,1BA$1,050
Oklahoma GardensJuniper1BR,1BA$1,057
Alverno Pool Apartments1B1B1BR,1BA$1,070

Best Value Apartments for Rent in Alverno, WI

As of April 13, 2025 the best value apartment in the Alverno area is the $0.97 price per square foot 3800 S 68th St Model at 3800 S 68th St, Unit 3800 Lower in the in the Southwest Side neighborhood starting from $1,700. The second greatest value Alverno apartment is the Two Bedroom Deluxe Model at Heritage Lake Senior Apartments 55+ starting at $1,140 with a $1.08 price per square foot in the Gra-Ram 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.
3800 S 68th St, Unit 3800 Lower3800 S 68th St3BR,1BA$0.97
Heritage Lake Senior Apartments 55+Two Bedroom Deluxe2BR,2BA$1.08
6155 W Cold Spring Rd, Unit 1016155 W Cold Spring Rd1BR,1BA$1.00
3069 S 36th St, Unit 2 bed3069 S 36th St2BR,1BA$1.20
2500 S 13th St, Unit 25002500 S 13th St4BR,2BA$1.30
Honey Creek Apartments1BR/1BA1BR,1BA$1.06
Howard Garden Apartments1 Bedroom1BR,1BA$1.29
Greenfield Village2 BD/1 BA2BR,1BA$1.13
51st Street 8 Families2BR/1.0BA2BR,1BA$1.31
Becher Terrace (55+)One Bedroom1BR,1BA$0.94

Quick Rent Budget Calculator

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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 #166

Among neighborhoods in Milwaukee, WI 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.

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 $1,395.

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 6 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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.