Average Rent in Alverno, Milwaukee, WI and Rent Price Trends

Rent trends in Alverno, Milwaukee, WI

Average rent prices in Alverno have increased by 24% over the last month.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Alverno, Milwaukee, WI

Rent prices in Alverno vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Alverno is $1,099, whereas a house costs $2,150. 1-bedroom apartments in Alverno run $1,075 on average, while 2-bedroom apartments are $1,299.


Studio	$1,429	-	-
1 bedroom	$955	-	-
2 bedroom	$1,299	53%	-
3 bedroom	$1,995	6%	-
4 bedroom	$1,800	-	-

		Listings
Fairview	$1,324
Hawley Farms	$1,374
Highwood Estates	$1,322
Rolling Green	$1,249
Tippecanoe	$1,162
Veterans Affairs	$1,525


Apartments	$1,099	15%	No Change
Condos	$1,697	No Change	No Change
Houses	$2,150	-	No Change

Studio

Average rent

$1,429

1 bedroom

Average rent

$955

2 bedroom

Average rent

$1,299

Last 30 days

53%

3 bedroom

Average rent

$1,995

Last 30 days

4 bedroom

Average rent

$1,800

The table above reflects average rent prices in Alverno, Milwaukee, WI, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Alverno, Milwaukee, WI compare to other neighborhoods?

Compare median rent prices in Alverno and Fairview by all bedroom counts and property types.

Alverno

Median rent price$1,139

40%

lower than the national median

Median rent price$1,324

30%

lower than the national median

Takeaway

The median rent for all rentals in Alverno, Milwaukee, WI is 14% lower than the median rent in Fairview, Milwaukee, WI.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$1,324

$1,374

$1,322

$1,249

$1,162

$1,525

Discover rentals in Alverno, Milwaukee, WI

5d+ ago

7.7

Very good

4201 W Morgan Ave

4201 W Morgan Ave, Milwaukee, WI 53221

3 beds

1 bath

$1,325

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Frequently asked questions for Alverno, Milwaukee, WI

Quick answers to common questions about the Alverno rental market.

How much is rent in Alverno?

The average rent in Alverno is $1,139 per month as of September 12, 2026.

Is rent up or down in Alverno?

Average rent prices in Alverno have increased by 24% over the last month.

How does Alverno rent compare to the national average?

Rent in Alverno is 40% below the national average, which means renters are paying approximately $761 less per month.

What salary do I need to afford rent in Alverno?

To comfortably afford rent in Alverno, you'd need to earn approximately $46,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).