Cheap Homes for Rent near Milan, NM from $1,800 (11 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

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

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.

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.

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 $930. 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$930
Welcome Home To Rio Volcan!1 bedroom 1 bath1BR,1BA$964
Villa HermosaThe Pueblo2BR,1BA$993
Generations at West MesaTwo Bedroom One Bathroom 768 Sq Ft2BR,1BA$1,031
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1,154

Best Value Apartments for Rent in Milan, NM and Nearby

As of July 24, 2026 the best value apartment in the Milan area is the $1.62 price per square foot Geneva Model at Las Mananitas Apartments in the in the Northwest Quadrant neighborhood starting from $2,260. The second greatest value Milan apartment is the Jade 2-Car Garage Attached Model at Via Verde starting at $2,160 with a $1.65 price per square foot in the Paradise Hills 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$1.62
Via VerdeJade 2-Car Garage Attached2BR,2.5BA$1.65
Taylor RanchCottonwood (Premium)3BR,2BA$1.53
CircBallard3BR,2BA$1.63
Via Vista Apartment CommunityQuartz3BR,2BA$1.63
Resort at Sandia Village3bed 2 bath3BR,2BA$1.61
Villa HermosaThe Taos2BR,2BA$1.25
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.25
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

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 Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Milan, NM Rentals by Map

View Map
Milan, NM Apartments Map
View Map
Milan, NM Rental Homes Map

Frequently Asked Questions about Milan

What type of rentals are currently available in Milan?

There are currently 45 Apartments for Rent in Milan, NM with pricing that ranges from $785 to $3,930. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milan ranging from $1,800 to $3,800.

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 $1,800 to $3,800 with an average monthly rent of $2,799.

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 $3,930, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $2,495. 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

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 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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.