
Cheap Apartments for Rent in Milan, NM from $700 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Milan.


Tierra Pointe

The Beach

Mesa Ridge Apartments

Volcanes Commons

Villa Hermosa

Total Monthly Price
Stride West
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.

Generations at West Mesa

Total Monthly Price
Aydan

Eagle Ranch Apartments

Puerta Del Sol

Del Rio Apartments

Taylor Ranch

Total Monthly Price
Entrada Pointe
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.

Total Monthly Price
The Aubry

Marbella-Income Restricted Waitlist

Adobe Manor Apartments

Route 66 Headquarters

El Campo Apartments

Ceja Vista Senior 55+

Welcome Home To Rio Volcan!
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.

Canon de Arrowhead
Milan, NM Local Guide

How much does it cost to rent an apartment in Milan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Milan Studio Apartments | $1,260 | $840 | $1,893 |
| Milan 1 Bedroom Apartments | $1,490 | $730 | $2,257 |
| Milan 2 Bedroom Apartments | $1,729 | $895 | $4,194 |
| Milan 3 Bedroom Apartments | $2,246 | $1,150 | $3,444 |
| Milan 4 Bedroom Apartments | $3,375 | $1,300 | $3,762 |
Browse Top Apartments in Milan
See all Apartments in MilanExplore Milan
Milan, NM Local Guide
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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 Los Volcanes neighborhood priced from $837. Mesa Ridge Apartments in the Westside neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Milan apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Tierra Pointe | S1 | Studio,1BA | $837 |
| Mesa Ridge Apartments | The Sage | 1BR,1BA | $899 |
| Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $902 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $964 |
| Stride West | a10a | 1BR,1BA | $997 |
Best Value Apartments for Rent in Milan, NM and Nearby
As of February 06, 2026 the best value apartment in the Milan area is the $1.55 price per square foot 3x2 Reno Model at Resort at Sandia Village in the in the Stonebridge Pointe neighborhood starting from $1,794. The second greatest value Milan apartment is the 2 Bed 2 Bath B Model at City View starting at $1,410 with a $1.42 price per square foot in the Paradise Hills Civic 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. |
|---|---|---|---|
| Resort at Sandia Village | 3x2 Reno | 3BR,2BA | $1.55 |
| City View | 2 Bed 2 Bath B | 2BR,2BA | $1.42 |
| Canon de Arrowhead | 2 bedroom 2 bath | 2BR,2BA | $1.25 |
| Villa Hermosa | The Pueblo Casita | 2BR,1BA | $1.32 |
| Stride West | a10ar - Renovated | 1BR,1BA | $1.47 |
| Generations at West Mesa | Two Bedroom One Bathroom 768 Sq Ft | 2BR,1BA | $1.48 |
| Eagle Ranch Apartments | Latigo | 1BR,1BA | $1.56 |
| Mesa Ridge Apartments | The Sage | 1BR,1BA | $1.38 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $1.54 |
| Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $1.53 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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, NM Rentals by Map
See the most popular apartments and homes in Milan, NM
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 $837.
How much is rent for a Cheap One Bedroom Milan Apartment?
The lowest price for a Cheap One Bedroom Milan Apartment is $893 at Tierra Pointe.
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 $1,073 at Volcanes Commons.
What is the most affordable Milan Three Bedroom Apartment?
The best deal on a cheap Milan Three Bedroom Apartment rental is at Volcanes Commons and starts from $1,232.
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.