Cheap Apartments for Rent in Milbank, SD from $300 (61 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

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
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

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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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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property at 811 7th St

$1,000

Total Monthly Price

Total Monthly Price

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

2 Bedroom, 1 Bath Home for Rent

Available Now

811 7th St, Unit 2

811 7th St
BrookingsSD57006
property at 725 6th Ave S

$1,040

Total Monthly Price

Total Monthly Price

Base Rent
$1,040
Total Monthly Price
$1,040

2 Bedroom, 1 Bath Townhome for Rent

Available Oct 1

725 6th Ave S, Unit 13

725 6th Ave S
BrookingsSD57006
property at 710 18th St S

$1,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

710 18th St S

BensonMN56215

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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Lyon County Apartments
Studio to 1 Bedroom Apartments

Lyon County Apartments

200 S 4th StMarshall, MN 56258
Senior Living
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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
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Carolina Village
1 to 2 Bedroom Apartments

Carolina Village

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

Woodland Park - Ivanhoe

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

Home Rite Apartments

126 1st St SEOrtonville, MN 56278
  • Utilities Included

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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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. North Valley Apartments has the second lowest priced unit, which is a Studio 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
North Valley ApartmentsEfficiencyStudio,1BA$700
Eastside Acres1 Bed, 1 bath1BR,1BA$761
Suite Liv'n - MarshallOne Bedroom1BR,1BA$775
Cardinal Estates1 Bedroom 1 Bathroom1BR,1BA$840
Nexus Apartments233 - TIF - Studio AStudio,1BA$895
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 July 15, 2026 the best value apartment in the Milbank area is the $1.31 price per square foot Voyager H Model at Innovation Village in the in the Downtown Brookings neighborhood starting from $1,875. 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.
Innovation VillageVoyager H3BR,2BA$1.31
Mary's Heights Apartments3 Beds, 2 baths3BR,2BA$0.60
Campus View4 Bed + 2 Bath4BR,2BA$1.22
SunHill Lake Norden3 bed + 1 Bath3BR,1BA$1.18
Cardinal Estates2 Bedroom 1 Bathroom2BR,1BA$1.09
Wilkeshire ApartmentsKent1BR,1BA$1.12
Runestone Grand Apartments2 Bedroom2BR,1BA$1.07
Generations on 1st1BR/1.0BA1BR,1BA$1.46
Block 100One Bedroom1BR,1BA$1.43
The LoftsA1BR,1BA$1.49

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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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

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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.