Cheap Apartments for Rent in Milan, NM from $400 (48 Rentals)

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

property at 1415 Willow Dr

$1,150

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Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

2 Bedroom, 1.5 Bath Home for Rent

Available Now

1415 Willow Dr

MilanNM87021
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Aydan
Rent Specials
$1,117 - $1,435
Total Monthly Price

Total Monthly Price

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$1,117 - $1,435
Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

Aydan

6000 Montano Plaza Dr NWAlbuquerque, NM 87120
Outdoors
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Stride West
$1,179 - $2,523
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$1,179 - $2,523
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1 to 2 Bedroom Apartments Available Now

Stride West

6101 Sequoia Rd NWAlbuquerque, NM 87120
Corporate Housing
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  • Utilities Included

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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Entrada Pointe
$1,284 - $1,580
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$1,284 - $1,580
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Studio to 2 Bedroom Apartments Available Now

Entrada Pointe

900 Country Club DrRio Rancho, NM 87124
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Taylor Ranch
$1,320 - $1,450
Total Monthly Price

Total Monthly Price

Base Rent
$1,320 - $1,450
Total Monthly Price
$1,320 - $1,450
1 to 2 Bedroom Apartments Available May 14

Taylor Ranch

5601 Taylor Ranch Rd NWAlbuquerque, NM 87120
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Circ
Rent Specials
$1,352 - $2,085
Total Monthly Price

Total Monthly Price

Base Rent
$1,352 - $2,085
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1 to 3 Bedroom Apartments Available Now

Circ

10300 Golf Course Rd NWAlbuquerque, NM 87114
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The Aubry
$1,384 - $3,326
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Total Monthly Price

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$1,384 - $3,326
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1 to 3 Bedroom Apartments Available Now

The Aubry

9180 Coors Rd NWAlbuquerque, NM 87120
Corporate Housing
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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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Diamond Mesa
$1,639 - $10,075
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Total Monthly Price

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$1,639 - $10,075
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1 to 4 Bedroom Apartments Available Now

Diamond Mesa

2300 Diamond Mesa Trl SWAlbuquerque, NM 87121
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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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Canon de Arrowhead
1 to 3 Bedroom Apartments

Canon de Arrowhead

1700 Market St NWAlbuquerque, NM 87120
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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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El Campo Apartments
Studio to 1 Bedroom Apartments

El Campo Apartments

5800 Central Ave SWAlbuquerque, NM 87105
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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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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
Senior Living
  • 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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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 1-48, Page 1 of 1

Milan, NM Local Guide

Cheapest Available Milan Apartments for Rent and Nearby

 

The cheapest available apartment rental in Milan, NM is a 1 Bed unit found at Generations at West Mesa in the Ironhorse at El Rancho Grande neighborhood priced from $439. Tierra Pointe in the Ironhorse at El Rancho Grande neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $880. Here is today’s list of the most affordable Milan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Generations at West MesaOne Bedroom 584 Sq Ft1BR,1BA$439
Tierra PointeS1Studio,1BA$880
Welcome Home To Rio Volcan!1 bedroom 1 bath1BR,1BA$964
Villa HermosaThe Aztec1BR,1BA$969
AydanPinon Renovated1BR,1BA$1,117
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1,154
Stride Westa10a1BR,1BA$1,179
Mesa Ridge ApartmentsThe Manzano2BR,2BA$1,199
Puerta Del SolThe Barcelona1BR,1BA$1,199
Del Rio ApartmentsAspen1BR,1BA$1,215

Best Value Apartments for Rent in Milan, NM and Nearby

As of May 09, 2026 the best value apartment in the Milan area is the $1.67 price per square foot Verdant Model at Via Verde in the in the Paradise Hills neighborhood starting from $2,235. The second greatest value Milan apartment is the Jade Reno Model at Via Vista Apartment Community starting at $1,900 with a $1.67 price per square foot in the Sunrise Village at Northern Meadows 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.
Via VerdeVerdant2BR,2.5BA$1.67
Via Vista Apartment CommunityJade Reno3BR,2BA$1.67
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.25
Mesa Ridge ApartmentsThe Manzano2BR,2BA$1.34
Stride Westa10ar - Renovated1BR,1BA$1.71
CircMadison1BR,1BA$1.70
Generations at West MesaTwo Bedroom One Bathroom 768 Sq Ft2BR,1BA$1.37
Del Rio ApartmentsAspen1BR,1BA$1.69
Welcome Home To Rio Volcan!1 bedroom 1 bath1BR,1BA$1.38
Villa HermosaThe Aztec1BR,1BA$1.39

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!

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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 $439 at Generations at West Mesa.

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 $979 at Tierra Pointe.

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 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.

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

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.