
Cheap Homes for Rent in Milbank, SD from $400 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Milbank.


617 7th Ave

810 9th Ave

262 2nd St SW

308 S 3rd St

316 S 3rd St

409 Atlantic Ave

314 S 3rd St

720 8th Ave

620 Medary Ave

201 7th St W
Milbank, SD Local Guide

How much does it cost to rent a home in Milbank?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Milbank 2 Bedroom Homes for Rent | $991 | $275 | $1,500 |
| Milbank 3 Bedroom Homes for Rent | $2,101 | $1,000 | $10,000+ |
| Milbank 4 Bedroom Homes for Rent | $1,791 | $1,250 | $2,900 |
| Milbank 5 Bedroom Homes for Rent | $3,800 | $3,800 | $3,800 |
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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 |
| Ridgeview Manor - Trail I and II | 2BR/1.0BA | 2BR,1BA | $700 |
| Natures Edge Partners LLC | 1B1B MKT | 1BR,1BA | $720 |
Best Value Apartments for Rent in Milbank, SD and Nearby
As of November 16, 2025 the best value apartment in the Milbank area is the $1.16 price per square foot 3 Bed Model at Cloverfield Townhomes in the in the Downtown Brookings neighborhood starting from $2,095. The second greatest value Milbank apartment is the 3 Bedroom 2 Bathroom Model at East Point Village Apartments starting at $1,385 with a $1.11 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 | $1.16 |
| East Point Village Apartments | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.11 |
| 105 Carly Dr | 2 Bed | 2BR,1.5BA | $1.04 |
| Prairie Park Fairmount Apartments | 3 Beds, 1 bath | 3BR,1BA | $0.67 |
| Ridgeview Manor - Trail I and II | 2BR/1.0BA | 2BR,1BA | $0.74 |
| Beardsley Apartments | One Bedroom | 1BR,1BA | $0.58 |
| 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 | $1.01 |
| 103 N Lloyd St, Unit 6 | 103 N Lloyd St | 1BR,1BA | $0.47 |
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Frequently Asked Questions about Milbank
What type of rentals are currently available in Milbank?
There are currently 64 Apartments for Rent in Milbank, SD with pricing that ranges from $294 to $2,155. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milbank ranging from $275 to $10,000.
What is the current price range for Rental Homes in Milbank?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Milbank ranges from $275 to $10,000 with an average monthly rent of $1,646.
How much are larger Three and Four Bedroom Rentals in Milbank?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Milbank range from $650 to $2,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $10,000. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $1,350.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.