
Cheap Apartments for Rent near Milan, IN from $300 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Milan.


Oakmont Apartments

Village In The Woods

West Hills Apartments

Cedar Hill Apartments

Hayfield Park

Total Monthly Price
Emberwood Apartments

Sanctuary Place
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Indian Footprints Apartments

Country Woods Village

Green Valley Apartments

Miamiview Apartments

Burgundy Hills Apartments

Depot Square Flats

Cascade Ridge

Whiskey River
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Sky Harbor Apartments

Tuscany Bay Apartments

Dillsboro Townhomes

Hamlet on the Bend

Parkway Trails

Newly Renovated Apartments

South Pointe Townhomes

Hebron Station
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Country Place

Grand at Florence

Bluffs of Burlington

Historic Greensburg - 55+ Senior Living

250 E State Rd

422-424 S Miami Ave

Cleves Properties

22 Washington Ave
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

251 Main St

Meadowbrook Apartments

802 N Davidson St

125 E Main St

170 Richardson Pl

138 1st St

251 E High St

Sparrow Ridge
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

1304 E Liberty Cir

231 Sekitan Ave

2193 N Broadway St

2303 N Broadway St
Milan, IN Local Guide

How much does it cost to rent an apartment in Milan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Milan Studio Apartments | $1,048 | $640 | $1,250 |
| Milan 1 Bedroom Apartments | $1,313 | $700 | $2,673 |
| Milan 2 Bedroom Apartments | $1,557 | $850 | $2,503 |
| Milan 3 Bedroom Apartments | $2,130 | $1,298 | $2,575 |
| Milan 4 Bedroom Apartments | $1,455 | $1,455 | $1,455 |
Browse Top Apartments in Milan
See all Apartments in MilanExplore Milan
Milan, IN Local Guide
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Cheapest Available Milan Apartments for Rent and Nearby
 The cheapest available apartment rental in Milan, IN is a 1 Bed unit found at Cedar Hill Apartments in the Mack North neighborhood priced from $895. West Hills Apartments in the Bridgetown North neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $930. Here is today’s list of the most affordable Milan apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedar Hill Apartments | 1 Bedroom | 1BR,1BA | $895 |
| West Hills Apartments | Zinfandel | 1BR,1BA | $930 |
| Hayfield Park | Studio Reno | Studio,1BA | $965 |
| Emberwood Apartments | One Bedroom One Bathroom | 1BR,1BA | $975 |
| Indian Footprints Apartments | Thunderbird | 1BR,1BA | $1,040 |
| Green Valley Apartments | 1BR/1.0BA | 1BR,1BA | $1,050 |
| Depot Square Flats | Mitchell, Unit F | 1BR,1BA | $1,100 |
| Miamiview Apartments | 1 BR/1 BA (Ph 2 & 3) | 1BR,1BA | $1,110 |
| Cascade Ridge | 1-Bedroom, 1-Bath With Balcony | 1BR,1BA | $1,145 |
| Whiskey River | S1 | Studio,1BA | $1,165 |
Best Value Apartments for Rent in Milan, IN and Nearby
As of July 14, 2026 the best value apartment in the Milan area is the $1.35 price per square foot Three Bed/Flex Two-Half Bath TH Model at Hopeful Trace Townhomes in the in the French Quarter at Orleans neighborhood starting from $2,300. The second greatest value Milan apartment is the 3x2 Model at Hamlet on the Bend starting at $1,900 with a $1.36 price per square foot in the Thornwilde Seasons neighborhood. Here is today’s list of the best values for Milan apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hopeful Trace Townhomes | Three Bed/Flex Two-Half Bath TH | 3BR,2.5BA | $1.35 |
| Hamlet on the Bend | 3x2 | 3BR,2BA | $1.36 |
| Skyridge Apartment Homes | 2 Bedroom/2 Bath - Standard-Washer/Dryer | 2BR,2BA | $1.43 |
| South Pointe Townhomes | 3 Bedroom Garden | 3BR,2BA | $1.21 |
| Newly Renovated Apartments | 2 bed 1 bath | 2BR,1BA | $1.34 |
| Sky Harbor Apartments | 2 Bed Bungalow | 2BR,2BA | $1.45 |
| Sparrow Ridge | 2 Bedroom | 2BR,1BA | $1.49 |
| West Hills Apartments | Zinfandel | 1BR,1BA | $1.29 |
| Emberwood Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.38 |
| Cedar Hill Apartments | 1 Bedroom | 1BR,1BA | $1.38 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Milan, IN Rentals by Map
See the most popular apartments and homes in Milan, IN
Frequently Asked Questions about Cheap Milan Apartments
What is the Cheapest Studio apartment in Milan?
Currently the most affordable Cheap Studio Apartment in Milan is at Concord Square Apartments listed at $640.
How much is rent for a Cheap One Bedroom Milan Apartment?
The lowest price for a Cheap One Bedroom Milan Apartment is $895 at Cedar Hill Apartments.
What is the lowest price for a Cheap Two Bedroom Milan Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Milan is starting from $1,200 at Dillsboro Townhomes.
What is the most affordable Milan Three Bedroom Apartment?
The best deal on a cheap Milan Three Bedroom Apartment rental is at South Pointe Townhomes and starts from $1,298.
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.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.