
Cheap Apartments for Rent in Milbank, SD from $400 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in Milbank.


Pheasant Valley Courtyard Apartments

Pheasant Valley Courtyard Townhomes

Friendship Circle

511 Main Ave N

262 2nd St SW

Mary's Heights Apartments

500 1st Ave S

Beardsley Apartments
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.

RC Square Apartments

North Valley Apartments

Total Monthly Price
Natures Edge Partners LLC

Suite Liv'n - Marshall

Innovation Village

The Oaks

Archer Flats

Trails Head

Nexus Apartments
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.

Forte of Brookings: 50+ Community!

116 S Sherwood St

Lyon County Apartments

Clara City Community Haus

Clinton Community Housing

806 W 5th St

Prairie Park Fairmount Apartments

Heritage Apartments- Morris

Carolina Village
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.

Scotland Green Apartments

Woodland Park - Ivanhoe

Home Rite Apartments

Ridgeview Manor - Trail I and II

Wildwood Apartments

213 13th Ave E

310 5th Ave SW

Lamplighter Apartments

Cardinal Estates
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.

Briarwood Estates

Southland Court

The Rock Apartments
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 | $927 | $750 | $1,155 |
| Milbank 1 Bedroom Apartments | $1,173 | $455 | $1,980 |
| Milbank 2 Bedroom Apartments | $1,453 | $545 | $2,420 |
| Milbank 3 Bedroom Apartments | $1,631 | $870 | $2,100 |
| Milbank 4 Bedroom Apartments | $1,350 | $1,350 | $1,350 |
Browse Top Apartments in Milbank
See all Apartments in MilbankExplore Milbank
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 Mary's Heights Apartments priced from $455. Beardsley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $502. Here is today’s list of the most affordable Milbank apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mary's Heights Apartments | 1 Bed, 1 bath | 1BR,1BA | $455 |
| Beardsley Apartments | One Bedroom | 1BR,1BA | $502 |
| RC Square Apartments | 2 Bedroom | 2BR,1BA | $625 |
| North Valley Apartments | Efficiency | Studio,1BA | $700 |
| Natures Edge Partners LLC | 1B1B MKT | 1BR,1BA | $769 |
| Suite Liv'n - Marshall | One Bedroom | 1BR,1BA | $775 |
| Cardinal Estates | 1 Bedroom 1 Bathroom | 1BR,1BA | $840 |
| Trails Head | Driftwood | Studio,1BA | $890 |
| The Rock Apartments | GF: 2 Bed 1 Bath- Premium | 2BR,1BA | $895 |
| Ghent Housing | 1 Bed, 1 bath | 1BR,1BA | $920 |
Best Value Apartments for Rent in Milbank, SD and Nearby
As of February 25, 2026 the best value apartment in the Milbank area is the $1.13 price per square foot 3Bed,2.5Bath Model at 1501 N Grove Pl in the starting from $1,700. The second greatest value Milbank apartment is the 3 Beds, 2 baths Model at Mary's Heights Apartments starting at $870 with a $0.65 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. |
|---|---|---|---|
| 1501 N Grove Pl | 3Bed,2.5Bath | 3BR,2.5BA | $1.13 |
| Mary's Heights Apartments | 3 Beds, 2 baths | 3BR,2BA | $0.65 |
| Thunder Hawk | Three Bedroom Two Bathroom | 3BR,2BA | $1.28 |
| East Point Village Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.35 |
| Beardsley Apartments | One Bedroom | 1BR,1BA | $0.56 |
| RC Square Apartments | 2 Bedroom | 2BR,1BA | $0.70 |
| Runestone Grand Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
| Cardinal Estates | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.05 |
| Lamplighter Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.30 |
| Condamera Apartments | 1 Bedroom | 1BR,1BA | $1.36 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Best Local Schools in Milbank, SD
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Milbank, SD Rentals by Map
See the most popular apartments and homes in Milbank, SD
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 $870.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.