
Cheap Apartments for Rent near Milan, IN from $640 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Milan.


Oakmont Apartments

Cedar Hill Apartments

Hayfield Park

West Hills Apartments

Emberwood Apartments

Village In The Woods

The Woods of Oakbrook
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Country Place

Green Valley Apartments

Country Woods Village

Indian Footprints Apartments

Sparrow Ridge

Miamiview Apartments

Depot Square Flats

The Crossings of Oakbrook
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.

Burgundy Hills Apartments

Newly Renovated Apartments

Cascade Ridge

Whiskey River

Dillsboro Townhomes

Sky Harbor Apartments

Hamlet on the Bend

Parkway Trails
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Tuscany Bay Apartments

Pinnacle Pointe

South Pointe Townhomes

Historic Greensburg - 55+ Senior Living

250 E State Rd

422-424 S Miami Ave

Cleves Properties

22 Washington Ave
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.

2604 E Buckeye Ln

Meadowbrook Apartments

125 E Main St

3935 N Bend Rd

170 Richardson Pl

138 1st St

3632 Westwood Northern Blvd

1304 E Liberty Cir
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.
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 | $1,038 | $640 | $1,274 |
| Milan 1 Bedroom Apartments | $1,342 | $700 | $2,673 |
| Milan 2 Bedroom Apartments | $1,550 | $850 | $2,493 |
| Milan 3 Bedroom Apartments | $2,119 | $1,013 | $2,605 |
| 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
- Nearby Cities
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Cheapest Available Milan Apartments for Rent and Nearby
 The cheapest available apartment rental in Milan, IN is a Studio unit found at Concord Square Apartments in the Dearborn County neighborhood priced from $640. Cedar Hill Apartments in the Mack North neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Milan apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Concord Square Apartments | Studio | Studio,1BA | $640 |
| Cedar Hill Apartments | 1 Bedroom | 1BR,1BA | $895 |
| Emberwood Apartments | One Bedroom One Bathroom | 1BR,1BA | $945 |
| Meadowbrook Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,050 |
| Green Valley Apartments | 1BR/1.0BA | 1BR,1BA | $1,050 |
| Sparrow Ridge | 1 Bedroom | 1BR,1BA | $1,065 |
| Indian Footprints Apartments | Thunderbird | 1BR,1BA | $1,065 |
| Depot Square Flats | Mitchell, Unit F | 1BR,1BA | $1,100 |
| Miamiview Apartments | 1 BR/1 BA (Ph 2 & 3) | 1BR,1BA | $1,110 |
| Sky Harbor Apartments | 1 Bed Sunset Square | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Milan, IN and Nearby
As of September 09, 2026 the best value apartment in the Milan area is the $1.36 price per square foot Three Bed, Two-Half Bath TH Model at Hopeful Trace Townhomes in the in the French Quarter at Orleans neighborhood starting from $2,311. The second greatest value Milan apartment is the Sophia Model at The Villages of Burlington starting at $1,999 with a $1.46 price per square foot in the Boone County 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, Two-Half Bath TH | 3BR,2.5BA | $1.36 |
| The Villages of Burlington | Sophia | 2BR,2BA | $1.46 |
| South Pointe Townhomes | 3 Bedroom Garden | 3BR,2BA | $1.21 |
| Miamiview Apartments | 2 BR/1.5 BA (Ph 1-3) | 2BR,1.5BA | $1.33 |
| Newly Renovated Apartments | 2 bed 1.5 bath TH | 2BR,1.5BA | $1.30 |
| Sky Harbor Apartments | 2 Bed Bungalow | 2BR,2BA | $1.47 |
| Emberwood Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.34 |
| Green Valley Apartments | 1BR/1.0BA | 1BR,1BA | $1.40 |
| The Woods of Oakbrook | 1 Bed 1 Bath | 1BR,1BA | $1.48 |
| 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 ArticleNavigating 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.
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 $775 at Concord Square 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 $1,050 at Meadowbrook Apartments.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.