Cheap Apartments for Rent in Milbank, SD from $400 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Milbank.

Natures Edge Partners LLC
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
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.

Prairie Park Fairmount Apartments

The Rock Apartments

Lamplighter Apartments

Southland Court

Innovation Village

The Nexus
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 | $876 | $750 | $1,100 |
Milbank 1 Bedroom Apartments | $1,151 | $294 | $1,885 |
Milbank 2 Bedroom Apartments | $1,435 | $545 | $2,155 |
Milbank 3 Bedroom Apartments | $1,579 | $650 | $1,925 |
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 Natures Edge Partners LLC priced from $25. Beardsley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $519. Here is today’s list of the most affordable Milbank apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Natures Edge Partners LLC | 1B1B Subsidy | 1BR,1BA | $25 |
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 |
Southland Court | Studio - B | Studio,1BA | $750 |
Best Value Apartments for Rent in Milbank, SD and Nearby
As of June 23, 2025 the best value apartment in the Milbank area is the $1.41 price per square foot 1631 - 3 Bedroom Model at The Plains Apartments in the starting from $1,925. The second greatest value Milbank apartment is the 2BR/2.0BA Model at One & Two Willow Creek starting at $1,410 with a $1.08 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. |
---|---|---|---|
The Plains Apartments | 1631 - 3 Bedroom | 3BR,2BA | $1.41 |
One & Two Willow Creek | 2BR/2.0BA | 2BR,2BA | $1.08 |
Briarwood Estates | 901D Briarwood | 3BR,2BA | $1.30 |
Westfield Apartments | 2 bed 2 bath | 2BR,2BA | $1.41 |
Prairie Park Fairmount Apartments | 3 Beds, 1 bath | 3BR,1BA | $0.67 |
Beardsley Apartments | One Bedroom | 1BR,1BA | $0.58 |
Cardinal Estates | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.06 |
RC Square Apartments | 2 Bedroom | 2BR,1BA | $0.70 |
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 |
Quick Rent Budget Calculator
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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 $25 at Natures Edge Partners LLC.
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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.