Cheap Apartments for Rent in Milbank, SD from $300 (59 Rentals)

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

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Milbank Apartments
1 to 2 Bedroom Apartments

Milbank Apartments

208-212 N Middlebrook StMilbank, SD 57252
  • Utilities Included
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Friendship Circle
1 Bedroom Apartments

Friendship Circle

520 Friendship CirMilbank, SD 57252
Senior Living
  • Utilities Included
property at 500 1st Ave S

$460

1 Bedroom, 1 Bath Home for Rent

Available Now

500 1st Ave S

FairmountND58030

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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Nature's Edge Apartments
$769
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750
Required Monthly Fees
$19
Total Monthly Price
$769
1 Bedroom Apartments Contact Us For Availability

Nature's Edge Apartments

105 Sunnyslope RdMorris, MN 56267
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  • Customer Reviewed
  • Utilities Included
property at 241 E Ronning Ave

$875

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

4 Bedroom, 2 Bath Home for Rent

Available Jul 15

241 E Ronning Ave

AppletonMN56208

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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property at 625 14th Ave

$900 - $1,200

Total Monthly Price

Total Monthly Price

Base Rent
$900 - $1,200
Total Monthly Price
$900 - $1,200

2 To 3 Bedroom Homes for Rent

Available Jun 1

625 14th Ave

BrookingsSD57006
property at 116 S Sherwood St

$950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

3 Bedroom, 1 Bath Home for Rent

Available Now

116 S Sherwood St

IvanhoeMN56142

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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property at 1008 Hackberry Dr

$1,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available May 15

1008 Hackberry Dr

MarshallMN56258
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Lyon County Apartments
Studio to 1 Bedroom Apartments

Lyon County Apartments

200 S 4th StMarshall, MN 56258
Senior Living
  • Utilities Included

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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806 W 5th St
Studio to 1 Bedroom Apartments

806 W 5th St

806 W 5th StMorris, MN 56267
Corporate Housing
  • Utilities Included
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Carolina Village
1 to 2 Bedroom Apartments

Carolina Village

511 Carolina AveHoffman, MN 56339
  • Utilities Included
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Woodland Park - Ivanhoe
1 to 2 Bedroom Apartments

Woodland Park - Ivanhoe

106 N County Road 5Ivanhoe, MN 56142
  • Utilities Included
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Home Rite Apartments
1 to 2 Bedroom Apartments

Home Rite Apartments

126 1st St SEOrtonville, MN 56278
  • Utilities Included
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Ridgeview Manor
2 Bedroom Apartments

Ridgeview Manor

1604 1st Ave NWheaton, MN 56296
property at 316 S 3rd St

$730

Total Monthly Price

Total Monthly Price

Base Rent
$730
Total Monthly Price
$730

1 Bedroom, 1 Bath Townhome for Rent

Available Now

316 S 3rd St

MilanMN56262

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

Milbank, SD Local Guide

Cheapest Available Milbank Apartments for Rent and Nearby

 

The cheapest available apartment rental in Milbank, SD is a 1 Bed unit found at Mary's Heights Apartments priced from $455. Beardsley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $502. Here is today’s list of the most affordable Milbank apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mary's Heights Apartments1 Bed, 1 bath1BR,1BA$455
Beardsley ApartmentsOne Bedroom1BR,1BA$502
RC Square Apartments2 Bedroom2BR,1BA$625
North Valley ApartmentsEfficiencyStudio,1BA$700
Wildwood Apartments1BR/1.0BA1BR,1BA$715
Eastside Acres1 Bed, 1 bath1BR,1BA$761
Suite Liv'n - MarshallOne Bedroom1BR,1BA$775
Cardinal Estates1 Bedroom 1 Bathroom1BR,1BA$840
Trails HeadDriftwoodStudio,1BA$890
Ghent Housing1 Bed, 1 bath1BR,1BA$920

Best Value Apartments for Rent in Milbank, SD and Nearby

As of April 12, 2026 the best value apartment in the Milbank area is the $1.13 price per square foot 3Bed,2.5Bath Model at 1501 N Grove Pl in the starting from $1,700. The second greatest value Milbank apartment is the 3 Beds, 2 baths Model at Mary's Heights Apartments starting at $870 with a $0.65 price per square foot . Here is today’s list of the best values for Milbank apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1501 N Grove Pl3Bed,2.5Bath3BR,2.5BA$1.13
Mary's Heights Apartments3 Beds, 2 baths3BR,2BA$0.65
Innovation VillageEnterprise E2BR,2BA$1.26
The Plains Apartments1635 - 2A2BR,2BA$1.28
East Point Village Apartments2 Bedroom 1 Bathroom2BR,1BA$1.26
Beardsley ApartmentsOne Bedroom1BR,1BA$0.56
RC Square Apartments2 Bedroom2BR,1BA$0.70
Wilkeshire ApartmentsFairview2BR,1BA$1.15
Runestone Grand Apartments2 Bedroom2BR,1BA$1.07
Cardinal Estates1 Bedroom 1 Bathroom1BR,1BA$1.05

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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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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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.

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Best Local Schools in
Milbank, SD

School data provided by Great Schools

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

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Frequently Asked Questions about Cheap Milbank Apartments

What is the Cheapest Studio apartment in Milbank?

Currently the most affordable Cheap Studio Apartment in Milbank is at North Valley Apartments listed at $700.

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

The lowest price for a Cheap One Bedroom Milbank Apartment is $455 at Mary's Heights Apartments.

What is the lowest price for a Cheap Two Bedroom Milbank Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Milbank is starting from $545 at Mary's Heights Apartments.

What is the most affordable Milbank Three Bedroom Apartment?

The best deal on a cheap Milbank Three Bedroom Apartment rental is at Mary's Heights Apartments and starts from $870.

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 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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.