Cheap Apartments for Rent in Milbank, SD from $400 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Milbank.
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.

511 Main Ave N

262 2nd St SW

Beardsley Apartments

Prairie Park Fairmount Apartments
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

The Rock Apartments

Southland Court

The Nexus
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.
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.

107 State St
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 | $891 | $750 | $1,155 |
Milbank 1 Bedroom Apartments | $1,152 | $294 | $1,980 |
Milbank 2 Bedroom Apartments | $1,470 | $545 | $2,155 |
Milbank 3 Bedroom Apartments | $1,724 | $650 | $2,200 |
Milbank 4 Bedroom Apartments | $1,546 | $1,350 | $1,695 |
Browse Top Apartments in Milbank
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Milbank, SD Local Guide
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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 |
Natures Edge Partners LLC | 1B1B MKT | 1BR,1BA | $701 |
Southland Court | Studio - B | Studio,1BA | $750 |
The Nexus | 233 - Studio B/1 BA | Studio,1BA | $795 |
The Rock Apartments | GF: 2 Bed 1 Bath- Premium | 2BR,1BA | $895 |
1009 Southland Ln | 1 Bed 1 Bath | 1BR,1BA | $965 |
Wildwood Apartments | 2BR/1.0BA | 2BR,1BA | $995 |
Best Value Apartments for Rent in Milbank, SD and Nearby
As of August 04, 2025 the best value apartment in the Milbank area is the $1.22 price per square foot 3 Bed Model at Cloverfield Townhomes in the in the Downtown Brookings neighborhood starting from $2,200. The second greatest value Milbank apartment is the 2 Bed Model at 105 Carly Dr starting at $1,425 with a $1.23 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 | $1.22 |
105 Carly Dr | 2 Bed | 2BR,1.5BA | $1.23 |
Marketplace Apartments | 2BR/2.0BA | 2BR,2BA | $1.37 |
Thunder Hawk | Two Bedroom Two Bathroom | 2BR,2BA | $1.36 |
Prairie Park Fairmount Apartments | 3 Beds, 1 bath | 3BR,1BA | $0.67 |
Beardsley Apartments | One Bedroom | 1BR,1BA | $0.58 |
RC Square Apartments | 2 Bedroom | 2BR,1BA | $0.70 |
Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1.40 |
1009 Southland Ln | 1 Bed 1 Bath | 1BR,1BA | $1.44 |
103 N Lloyd St, Unit 6 | 103 N Lloyd St | 1BR,1BA | $0.47 |
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Best Local Schools in Milbank, SD
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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 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 $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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.

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.