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 511 Main Ave N

$275

Total Monthly Price

Total Monthly Price

Base Rent
$275
Total Monthly Price
$275

2 Bedroom, 1 Bath Home for Rent

Available Now

511 Main Ave N

HankinsonND58041
property at 262 2nd St SW

$440

Total Monthly Price

Total Monthly Price

Base Rent
$440
Total Monthly Price
$440

1 Bedroom, 1 Bath Home for Rent

Available Now

262 2nd St SW

FormanND58032
property at 500 1st Ave S

$460

Total Monthly Price

Total Monthly Price

Base Rent
$460
Total Monthly Price
$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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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

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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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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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

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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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
property at 318 S 3rd St

$730

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$730
Total Monthly Price
$730

1 Bedroom, 1 Bath Townhome for Rent

Available Now

318 S 3rd St

MilanMN56262
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
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Lamplighter Apartments
1 to 2 Bedroom Apartments

Lamplighter Apartments

201 W 5th StMorris, MN 56267
Student Housing
  • 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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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 $600. 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$600
Milbank ApartmentsTwo Bedroom2BR,1BA$618
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
Lofts at Park HillStudio - AStudio,1BA$890
Ghent Housing1 Bed, 1 bath1BR,1BA$920
Archer FlatsEfficiencyStudio,1BA$925

Best Value Apartments for Rent in Milbank, SD and Nearby

As of May 31, 2026 the best value apartment in the Milbank area is the $1.22 price per square foot 1609 6th Street Model at 1609 6th St in the in the Downtown Brookings neighborhood starting from $1,700. The second greatest value Milbank apartment is the 3 Beds, 2 baths Model at Mary's Heights Apartments starting at $800 with a $0.60 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.
1609 6th St1609 6th Street4BR,2BA$1.22
Mary's Heights Apartments3 Beds, 2 baths3BR,2BA$0.60
SunHill Lake Norden3 Beds, 1 bath3BR,1BA$1.18
East Point Village Apartments2 Bedroom 1 Bathroom2BR,1BA$1.26
Beardsley ApartmentsOne Bedroom1BR,1BA$0.67
Runestone Grand Apartments2 Bedroom2BR,1BA$1.07
Generations on 1st1BR/1.0BA1BR,1BA$1.46
Lamplighter ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.30
Block 100One Bedroom1BR,1BA$1.43
Wildwood Apartments2BR/1.0BA2BR,1BA$1.44

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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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 $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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.