Cheap Apartments for Rent in Milbank, SD from $455 (36 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 262 2nd St SW

$490

Total Monthly Price

Total Monthly Price

Base Rent
$490
Total Monthly Price
$490

1 Bedroom, 1 Bath Home for Rent

Available Now

262 2nd St SW

FormanND58032
property at 511 Main Ave N

$580

Total Monthly Price

Total Monthly Price

Base Rent
$580
Total Monthly Price
$580

2 Bedroom, 1 Bath Home for Rent

Available Now

511 Main Ave N

HankinsonND58041

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.

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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.

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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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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

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Home Rite Apartments
1 to 2 Bedroom Apartments

Home Rite Apartments

126 1st St SEOrtonville, MN 56278
  • Utilities Included
property at 310 8th St N

$825

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$825
Total Monthly Price
$825

2 Bedroom, 1 Bath Townhome for Rent

Available Now

310 8th St N

KerkhovenMN56252
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Lamplighter Apartments
1 to 2 Bedroom Apartments

Lamplighter Apartments

201 W 5th StMorris, MN 56267
Student Housing
  • Utilities Included
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Cardinal Estates
1 to 3 Bedroom Apartments

Cardinal Estates

300-302 South StMorris, MN 56267
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Briarwood Estates
1 to 3 Bedroom Apartments

Briarwood Estates

1001 Pearl AveMarshall, MN 56258
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Southland Court
Studio to 2 Bedroom Apartments

Southland Court

818 Southland LnBrookings, SD 57006
  • Utilities Included

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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Showing Results 1-36, Page 1 of 1

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 2 Beds apartment currently listed from $700. 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 ApartmentsTwo Bedroom2BR,1BA$700
North Valley ApartmentsEfficiencyStudio,1BA$700
Wildwood Apartments1BR/1.0BA1BR,1BA$725
Eastside Acres1 Bed, 1 bath1BR,1BA$761
Suite Liv'n - MarshallOne Bedroom1BR,1BA$775
Ghent Housing1 Bed, 1 bath1BR,1BA$920
Runestone Grand Apartments2 Bedroom2BR,1BA$935
Latitude 44The CoveStudio,1BA$955
Trails HeadDriftwoodStudio,1BA$960

Best Value Apartments for Rent in Milbank, SD and Nearby

As of August 30, 2026 the best value apartment in the Milbank area is the $0.60 price per square foot 3 Beds, 2 baths Model at Mary's Heights Apartments in the starting from $800. The second greatest value Milbank apartment is the Enterprise C Model at Innovation Village starting at $1,785 with a $1.43 price per square foot in the Downtown Brookings neighborhood. 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.
Mary's Heights Apartments3 Beds, 2 baths3BR,2BA$0.60
Innovation VillageEnterprise C3BR,2BA$1.43
Beardsley ApartmentsTwo Bedroom2BR,1BA$0.58
Campus View2 Bed + 2 Bath2BR,2BA$1.20
Sweetgrass CrossingBuffalo2BR,2BA$1.51
Westfield Apartments2 bed 2 bath Bld 1&22BR,2BA$1.46
Broadway Garden Estates1 bedroom 1 bathroom1BR,1BA$1.19
Runestone Grand Apartments2 Bedroom2BR,1BA$1.07
Generations on 1st1BR/1.0BA1BR,1BA$1.46
Eastside Acres1 Bed, 1 bath1BR,1BA$1.52

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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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.

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Milbank, SD

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Remember the 3 Rules of Real Estate:
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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 $800.

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

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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.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.