Cheap Apartments for Rent in Milbank, SD from $400 (25 Rentals)

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

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Milbank Apartments
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

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.

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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Lyon County Apartments
Studio to 1 Bedroom Apartments

Lyon County Apartments

200 S 4th StMarshall, MN 56258
Senior Living
  • Utilities Included
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507 Division St N
1 Bedroom Apartments

507 Division St N

507 Division St NClara City, MN 56222
  • Utilities Included

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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320 1st St
1 to 2 Bedroom Apartments

320 1st St

320 1st StClinton, MN 56225
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806 W 5th St
Studio to 1 Bedroom Apartments

806 W 5th St

806 W 5th StMorris, MN 56267
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Carolina Village
2 Bedroom Apartments

Carolina Village

511 Carolina AveHoffman, MN 56339
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1440 9th St
1 Bedroom Apartments

1440 9th St

1440 9th StGranite Falls, MN 56241
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Woodland Park - Ivanhoe
1 to 2 Bedroom Apartments

Woodland Park - Ivanhoe

106 N County Road 5Ivanhoe, MN 56142
Senior Living
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Home Rite Apartments
1 Bedroom Apartments

Home Rite Apartments

126 1st St SEOrtonville, MN 56278
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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 Natures Edge Partners LLC priced from $25. Beardsley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $519. Here is today’s list of the most affordable Milbank apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Natures Edge Partners LLC1B1B Subsidy1BR,1BA$25
Beardsley ApartmentsOne Bedroom1BR,1BA$519
Prairie Park Fairmount Apartments2 Beds, 1 bath2BR,1BA$545
RC Square Apartments2 Bedroom2BR,1BA$625
Southland CourtStudio - BStudio,1BA$750

Best Value Apartments for Rent in Milbank, SD and Nearby

As of June 23, 2025 the best value apartment in the Milbank area is the $1.41 price per square foot 1631 - 3 Bedroom Model at The Plains Apartments in the starting from $1,925. The second greatest value Milbank apartment is the 2BR/2.0BA Model at One & Two Willow Creek starting at $1,410 with a $1.08 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.
The Plains Apartments1631 - 3 Bedroom3BR,2BA$1.41
One & Two Willow Creek2BR/2.0BA2BR,2BA$1.08
Briarwood Estates901D Briarwood3BR,2BA$1.30
Westfield Apartments2 bed 2 bath2BR,2BA$1.41
Prairie Park Fairmount Apartments3 Beds, 1 bath3BR,1BA$0.67
Beardsley ApartmentsOne Bedroom1BR,1BA$0.58
Cardinal Estates2 Bedroom 1 Bathroom2BR,1BA$1.06
RC Square Apartments2 Bedroom2BR,1BA$0.70
1009 Southland Ln1 Bed 1 Bath1BR,1BA$1.44
103 N Lloyd St, Unit 6103 N Lloyd St1BR,1BA$0.47

Quick Rent Budget Calculator

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

Explore Milbank, SD Rentals by Map

View MapMilbank, SD Apartments MapView MapMilbank, SD Rental Homes Map

Getting Around Milbank, SD

Walk Score®

49 / 100

Car-Dependent

Most errands require a car

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Southland Court listed at $750.

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

The lowest price for a Cheap One Bedroom Milbank Apartment is $25 at Natures Edge Partners LLC.

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 Prairie Park Fairmount Apartments.

What is the most affordable Milbank Three Bedroom Apartment?

The best deal on a cheap Milbank Three Bedroom Apartment rental is at Prairie Park Fairmount Apartments and starts from $650.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.