Cheap Apartments for Rent in Milbank, SD from $400 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in Milbank.

511 Main Ave N

262 2nd St SW

Beardsley Apartments

RC Square Apartments

Prairie Park Fairmount Apartments

Total Monthly Price
Natures Edge Partners LLC

The Nexus

Innovation Village

Suite Liv'n - Marshall

Trails Head

Forte of Brookings: 50+ Community!

201 7th St W

308 S 3rd St

316 S 3rd St

409 Atlantic Ave

314 S 3rd St

720 8th Ave

620 Medary Ave
Milbank, SD Local Guide

How much does it cost to rent an apartment in Milbank?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Milbank Studio Apartments | $927 | $795 | $1,155 |
| Milbank 1 Bedroom Apartments | $1,166 | $294 | $1,980 |
| Milbank 2 Bedroom Apartments | $1,461 | $545 | $2,155 |
| Milbank 3 Bedroom Apartments | $1,689 | $650 | $2,095 |
| Milbank 4 Bedroom Apartments | $1,546 | $1,350 | $1,695 |
Browse Top Apartments in Milbank
See all Apartments in MilbankExplore Milbank
Milbank, SD Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Milbank Apartments for Rent and Nearby
 The cheapest available apartment rental in Milbank, SD is a 1 Bed unit found at Beardsley Apartments priced from $519. Prairie Park Fairmount Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $545. Here is today’s list of the most affordable Milbank apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Beardsley Apartments | One Bedroom | 1BR,1BA | $519 |
| Prairie Park Fairmount Apartments | 2 Beds, 1 bath | 2BR,1BA | $545 |
| RC Square Apartments | 2 Bedroom | 2BR,1BA | $625 |
| Ridgeview Manor - Trail I and II | 2BR/1.0BA | 2BR,1BA | $700 |
| Natures Edge Partners LLC | 1B1B MKT | 1BR,1BA | $720 |
| The Nexus | 233 - Studio A/1 BA | Studio,1BA | $795 |
| Cardinal Estates | 1 Bedroom 1 Bathroom | 1BR,1BA | $810 |
| The Rock Apartments | GF: 2 Bed 1 Bath- Premium | 2BR,1BA | $895 |
| Lamplighter Apartments | Two Bedroom One Bathroom | 2BR,1BA | $900 |
Best Value Apartments for Rent in Milbank, SD and Nearby
As of November 15, 2025 the best value apartment in the Milbank area is the $1.16 price per square foot 3 Bed Model at Cloverfield Townhomes in the in the Downtown Brookings neighborhood starting from $2,095. The second greatest value Milbank apartment is the 3 Bedroom 2 Bathroom Model at East Point Village Apartments starting at $1,385 with a $1.11 price per square foot . Here is today’s list of the best values for Milbank apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cloverfield Townhomes | 3 Bed | 3BR,2.5BA | $1.16 |
| East Point Village Apartments | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.11 |
| 105 Carly Dr | 2 Bed | 2BR,1.5BA | $1.04 |
| Prairie Park Fairmount Apartments | 3 Beds, 1 bath | 3BR,1BA | $0.67 |
| Ridgeview Manor - Trail I and II | 2BR/1.0BA | 2BR,1BA | $0.74 |
| Beardsley Apartments | One Bedroom | 1BR,1BA | $0.58 |
| RC Square Apartments | 2 Bedroom | 2BR,1BA | $0.70 |
| Runestone Grand Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
| Cardinal Estates | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.01 |
| 103 N Lloyd St, Unit 6 | 103 N Lloyd St | 1BR,1BA | $0.47 |
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.
Best Local Schools in Milbank, SD
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Milbank, SD Rentals by Map
See the most popular apartments and homes in Milbank, SD
Getting Around Milbank, SD
Walk Score®
49 / 100
Car-Dependent
Most errands require a car
Bike Score®
47 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 The Nexus listed at $795.
How much is rent for a Cheap One Bedroom Milbank Apartment?
The lowest price for a Cheap One Bedroom Milbank Apartment is $519 at Beardsley 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 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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.






















