Cheap Apartments for Rent in the Alverno Neighborhood of Milwaukee, WI from $500 (43 Rentals)

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Cheap Apartments in the Alverno area of Milwaukee.

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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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

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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Forrest Park
2 Bedroom Apartments

Forrest Park

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

St. Gregory

6333 W Lakefield DrMilwaukee, WI 53219
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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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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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Loomis Hills
1 Bedroom Apartments

Loomis Hills

4057 S 35th StGreenfield, WI 53221
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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
4340 W Loomis1 / 1.1BR,1BA$1,025
Oklahoma GardensJuniper1BR,1BA$1,026
51st Street 8 Families2BR/1.0BA2BR,1BA$1,050
Oklahoma ManorMadison1BR,1BA$1,055
48 on Cold SpringOne Bedroom1BR,1BA$1,075
Greenbrook ApartmentsOne Bedroom One Bath1BR,1BA$1,100
American ColonySandstone1BR,1BA$1,118

Best Value Apartments for Rent in Alverno, WI

As of May 02, 2025 the best value apartment in the Alverno area is the $1.54 price per square foot Aberdeen Model at Ravinia in the in the White Manor neighborhood starting from $1,841. 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.
RaviniaAberdeen2BR,2BA$1.54
Heritage Lake Senior Apartments 55+Two Bedroom Deluxe2BR,2BA$1.08
3069 S 36th St, Unit 2 bed3069 S 36th St2BR,1BA$1.20
2977 S 43rd St, Unit Lower2977 S 43rd St2BR,1BA$1.13
Honey Creek Apartments1BR/1BA1BR,1BA$1.06
Tuckaway Heights ApartmentsTwo Bedroom Deluxe2BR,1BA$1.55
Greenbrook ApartmentsOne Bedroom One Bath1BR,1BA$1.38
51st Street 8 Families2BR/1.0BA2BR,1BA$1.31
48 on Cold SpringOne Bedroom1BR,1BA$1.43
Becher Terrace (55+)One Bedroom1BR,1BA$0.94

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Pet Friendly Lifestyle
Alverno, Milwaukee, WI

Ranked #138

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

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 $1,403.

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 7 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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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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.