
Cheap Homes for Rent in Milan, NM from $1,100 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Milan.


1404 Chaco Ave

10759 McMichael Ln SW

10752 Beaker Rd SW
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.

1305 Amole Vista St SW

151 Las Ramblas Ave NW

8612 Casa Vistosa Ct NW

2108 Canter St SW
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.
Milan, NM Local Guide

How much does it cost to rent a home in Milan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Milan 2 Bedroom Homes for Rent | $1,753 | $1,150 | $1,990 |
| Milan 3 Bedroom Homes for Rent | $2,003 | $1,400 | $2,999 |
| Milan 4 Bedroom Homes for Rent | $2,505 | $2,100 | $3,400 |
| Milan 5 Bedroom Homes for Rent | $2,197 | $1,900 | $2,495 |
Browse Top Homes for Rent in Milan
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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 1 Bed unit found at Volcanes Commons in the Los Volcanes neighborhood priced from $902. Tierra Pointe in the Los Volcanes neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $913. Here is today’s list of the most affordable Milan apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $902 |
| Tierra Pointe | S1 | Studio,1BA | $913 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $964 |
Best Value Apartments for Rent in Milan, NM and Nearby
As of February 21, 2026 the best value apartment in the Milan area is the $1.55 price per square foot B5 Model at The Aubry in the in the Northwest Quadrant neighborhood starting from $1,707. The second greatest value Milan apartment is the 2x2 Reno Model at Resort at Sandia Village starting at $1,556 with a $1.57 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Aubry | B5 | 2BR,2BA | $1.55 |
| Resort at Sandia Village | 2x2 Reno | 2BR,2BA | $1.57 |
| Canon de Arrowhead | 2 bedroom 2 bath | 2BR,2BA | $1.25 |
| Stride West | a10ar - Renovated | 1BR,1BA | $1.50 |
| Generations at West Mesa | Two Bedroom One Bathroom 768 Sq Ft | 2BR,1BA | $1.48 |
| Eagle Ranch Apartments | Latigo | 1BR,1BA | $1.61 |
| Mesa Ridge Apartments | The Rose | 1BR,1BA | $1.38 |
| Villa Hermosa | The Aztec | 1BR,1BA | $1.39 |
| 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
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Frequently Asked Questions about Milan
What type of rentals are currently available in Milan?
There are currently 44 Apartments for Rent in Milan, NM with pricing that ranges from $730 to $3,995. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milan ranging from $1,150 to $3,400.
What is the current price range for Rental Homes in Milan?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Milan ranges from $1,150 to $3,400 with an average monthly rent of $2,114.
How much are larger Three and Four Bedroom Rentals in Milan?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Milan range from $1,150 to $3,445, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,999. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $1,300.
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.