Cheap Apartments for Rent in Milan, MO from $400 (40 Rentals)

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Search the lowest-cost Apartments available for rent right now in Milan.

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.

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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.

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property at 1201 E Harrison St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

3 Bedroom, 1.5 Bath Home for Rent

Available Jul 1

1201 E Harrison St

KirksvilleMO63501

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.

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property at 111 W Golf Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1.5 Bath Home for Rent

Available Now

111 W Golf Ave

OttumwaIA52501
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Louden Lofts
Studio to 3 Bedroom Apartments

Louden Lofts

607 W Broadway AveFairfield, IA 52556
  • Utilities Included
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1833 Curtis Ave
1 to 2 Bedroom Apartments

1833 Curtis Ave

1833 Curtis AveChariton, IA 50049
Corporate Housing
  • Utilities Included
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501 S Osteopathy Ave
1 Bedroom Apartments

501 S Osteopathy Ave

501 S Osteopathy AveKirksville, MO 63501
Student Housing
  • Utilities Included

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.

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property at 507 Henrie Ave

$825

1 Bedroom Rentals

Available Now

507 Henrie Ave

Excelsior SpringsMO64024
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Fairfield Estates
2 to 4 Bedroom Apartments

Fairfield Estates

200 N 28th StFairfield, IA 52556
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Washington Apartments
1 to 3 Bedroom Apartments

Washington Apartments

539 W 4th StOttumwa, IA 52501
  • Utilities Included
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Asbury Heights
1 to 4 Bedroom Apartments

Asbury Heights

1321 Asbury AveOttumwa, IA 52501
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-40, Page 1 of 1

Milan, MO Local Guide

Cheapest Available Milan Apartments for Rent and Nearby

 

The cheapest available apartment rental in Milan, MO is a Studio unit found at Karlton Apartments priced from $415. Biston Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $445. Here is today’s list of the most affordable Milan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Karlton ApartmentsStudioStudio,1BA$415
Biston Apartments1 Bedroom1BR,1BA$445
Tisdale Apartments2 Bedroom2BR,1BA$720
Orchard MeadowsB1 Classic2BR,1BA$750
Summit House Apartments2 Bedroom 1 Bathroom2BR,1BA$755
Northern Plains by KadingCottage - 22BR,1BA$795
Cherokee VillageOne Bed One Bath1BR,1BA$900
Jefferson ParkJackson1BR,1BA$925
Liberty Heights1 Bedroom 1.5 Bathroom1BR,1BA$980
Hillside ApartmentsRenovated 1bed - 1bath Apartment! **MOVE IN SPE...1BR,1BA$995

Best Value Apartments for Rent in Milan, MO and Nearby

As of May 25, 2026 the best value apartment in the Milan area is the $1.00 price per square foot Cottage - 3 Model at Vesta Village by Kading in the starting from $1,235. The second greatest value Milan apartment is the Craftsman Model at Osceola Heights starting at $1,295 with a $1.09 price per square foot . Here is today’s list of the best values for Milan apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Vesta Village by KadingCottage - 33BR,2BA$1.00
Osceola HeightsCraftsman3BR,2BA$1.09
Washington Apartments2.1C 60%2BR,1BA$1.15
Orchard MeadowsB1 Partially Renovated2BR,1BA$0.91
Northern Plains by KadingCottage - 22BR,1BA$0.94
Summit House Apartments2 Bedroom 1 Bathroom2BR,1BA$0.95
Cherokee VillageOne Bed One Bath1BR,1BA$1.27
Tisdale Apartments2 Bedroom2BR,1BA$1.03
Biston Apartments1 Bedroom1BR,1BA$0.77
Karlton ApartmentsStudioStudio ,1BA$0.83

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.

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Real 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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Milan, MO Rentals by Map

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Frequently Asked Questions about Cheap Milan Apartments

How much is rent for a Cheap One Bedroom Milan Apartment?

The lowest price for a Cheap One Bedroom Milan Apartment is $445 at Biston 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 $720 at Tisdale Apartments.

What is the most affordable Milan Three Bedroom Apartment?

The best deal on a cheap Milan Three Bedroom Apartment rental is at Northern Plains by Kading and starts from $925.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.