Cheap Apartments for Rent near Milan, NM from $785 (53 Rentals)

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

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Aydan
$1,135 - $1,880
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Total Monthly Price

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$1,135 - $1,880
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1 to 2 Bedroom Apartments Available Now

Aydan

6000 Montano Plaza Dr NWAlbuquerque, NM 87120
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Taylor Ranch
Rent Specials
$1,189 - $1,875
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Total Monthly Price

Base Rent
$1,189 - $1,875
Total Monthly Price
$1,189 - $1,875
1 to 3 Bedroom Apartments Available Now

Taylor Ranch

5601 Taylor Ranch Rd NWAlbuquerque, NM 87120
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Entrada Pointe
$1,197 - $1,567
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$1,197 - $1,567
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Studio to 2 Bedroom Apartments Available Now

Entrada Pointe

900 Country Club DrRio Rancho, NM 87124
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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.

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Stride West
$1,304 - $2,471
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$1,304 - $2,471
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1 to 2 Bedroom Apartments Available Now

Stride West

6101 Sequoia Rd NWAlbuquerque, NM 87120
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Circ
Rent Specials
$1,355 - $2,020
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Total Monthly Price

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$1,355 - $2,020
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1 to 3 Bedroom Apartments Available Now

Circ

10300 Golf Course Rd NWAlbuquerque, NM 87114
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Diamond Mesa
$1,413 - $9,261
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$1,413 - $9,261
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1 to 4 Bedroom Apartments Available Now

Diamond Mesa

2300 Diamond Mesa Trl SWAlbuquerque, NM 87121
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The Aubry
$1,413 - $3,776
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$1,413 - $3,776
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1 to 3 Bedroom Apartments Available Now

The Aubry

9180 Coors Rd NWAlbuquerque, NM 87120
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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.

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Canon de Arrowhead
1 to 3 Bedroom Apartments

Canon de Arrowhead

1700 Market St NWAlbuquerque, NM 87120
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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.

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Adobe Manor Apartments
Studio Apartments

Adobe Manor Apartments

7412 Central Ave SWAlbuquerque, NM 87121
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Route 66 Headquarters
Studio to 1 Bedroom Apartments

Route 66 Headquarters

9317 Central Ave NWAlbuquerque, NM 87121
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Tierra Pointe
Studio to 3 Bedroom Apartments

Tierra Pointe

6901-6901 Los Volcanes Rd NWAlbuquerque, NM 87121
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El Campo Apartments
Studio to 1 Bedroom Apartments

El Campo Apartments

5800 Central Ave SWAlbuquerque, NM 87105
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Volcanes Commons
1 to 3 Bedroom Apartments

Volcanes Commons

6901 Glenrio Rd NWAlbuquerque, NM 87121
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Ceja Vista Senior 55+
1 to 2 Bedroom Apartments

Ceja Vista Senior 55+

10001 Ceja Vista Rd SWAlbuquerque, NM 87121
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Phoenix Apartments
1 to 3 Bedroom Apartments

Phoenix Apartments

1720 Atrisco Dr NWAlbuquerque, NM 87105

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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Milan, NM Local Guide

Cheapest Available Milan Apartments for Rent and Nearby

 

The cheapest available apartment rental in Milan, NM is a Studio unit found at Tierra Pointe in the Ironhorse at El Rancho Grande neighborhood priced from $853. Welcome Home To Rio Volcan! in the Rancho Encantado neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $964. Here is today’s list of the most affordable Milan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Tierra PointeS1Studio,1BA$853
Welcome Home To Rio Volcan!1 bedroom 1 bath1BR,1BA$964
Villa HermosaThe Pueblo2BR,1BA$1,023
Mesa Ridge ApartmentsThe Iris1BR,1BA$1,029
Generations at West MesaTwo Bedroom One Bathroom 768 Sq Ft2BR,1BA$1,031
Tierra LindaA11BR,1BA$1,088
AydanPinon Renovated1BR,1BA$1,135
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1,154
Del Rio ApartmentsAspen1BR,1BA$1,249
Puerta Del SolThe ValenciaStudio,1BA$1,259

Best Value Apartments for Rent in Milan, NM and Nearby

As of August 25, 2026 the best value apartment in the Milan area is the $1.52 price per square foot Geneva Model at Las Mananitas Apartments in the in the Northwest Quadrant neighborhood starting from $2,120. The second greatest value Milan apartment is the Cottonwood (Premium) Model at Taylor Ranch starting at $1,875 with a $1.55 price per square foot in the Northwest Quadrant neighborhood. 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.
Las Mananitas ApartmentsGeneva3BR,2BA$1.52
Taylor RanchCottonwood (Premium)3BR,2BA$1.55
Via Vista Apartment CommunityJade3BR,2BA$1.69
Resort at Sandia Village2 bed 2 bath2BR,2BA$1.59
Villa HermosaThe Taos2BR,2BA$1.20
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.25
Phoenix Apartments2 bedroom 1 bath2BR,1BA$1.72
Generations at West MesaTwo Bedroom One Bathroom 768 Sq Ft2BR,1BA$1.34
Welcome Home To Rio Volcan!1 bedroom 1 bath1BR,1BA$1.38
Tierra LindaA11BR,1BA$1.61

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

Explore Milan, NM Rentals by Map

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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 Tierra Pointe listed at $853.

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

The lowest price for a Cheap One Bedroom Milan Apartment is $964 at Welcome Home To Rio Volcan!.

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 $1,023 at Villa Hermosa.

What is the most affordable Milan Three Bedroom Apartment?

The best deal on a cheap Milan Three Bedroom Apartment rental is at Canon de Arrowhead and starts from $1,331.

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 Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.