500 1st Ave S
FairmountND58030
Cheap Homes for Rent in Milbank, SD from $400 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Milbank.
262 2nd St SW
FormanND58032
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.
415 12th Ave E, Unit Main Level Private Room 1
415 12th Ave E
AlexandriaMN56308
220 W 6th Ave
MilbankSD57252
17 3rd Ave NE
Elbow LakeMN56531
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.
811 7th St, Unit 2
811 7th St
BrookingsSD57006
Showing Results 1-7, Page 1 of 1
Milbank, SD Local Guide
Holland Grist Windmill, Milbank by Joel Bradshaw is licensed under CC BY-SA 3.0
How much does it cost to rent a home in Milbank?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Milbank 2 Bedroom Homes for Rent | $1,065 | $580 | $1,400 |
| Milbank 3 Bedroom Homes for Rent | $2,285 | $975 | $10,000+ |
| Milbank 4 Bedroom Homes for Rent | $1,800 | $1,500 | $2,100 |
| Milbank 5 Bedroom Homes for Rent | $2,700 | $1,600 | $3,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Milbank
Explore Milbank
Milbank, SD Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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 $600. 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 | $600 |
| North Valley Apartments | Efficiency | Studio,1BA | $700 |
Best Value Apartments for Rent in Milbank, SD and Nearby
As of July 06, 2026 the best value apartment in the Milbank area is the $1.27 price per square foot Voyager H Model at Innovation Village in the in the Downtown Brookings neighborhood starting from $1,820. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Innovation Village | Voyager H | 3BR,2BA | $1.27 |
| Mary's Heights Apartments | 3 Beds, 2 baths | 3BR,2BA | $0.60 |
| The Plains Apartments | 1635 - 2A | 2BR,2BA | $1.28 |
| SunHill Lake Norden | 3 Beds, 1 bath | 3BR,1BA | $1.18 |
| Beardsley Apartments | One Bedroom | 1BR,1BA | $0.67 |
| Runestone Grand Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
| Wilkeshire Apartments | Haven | 1BR,1BA | $1.10 |
| Cardinal Estates | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.05 |
| Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1.46 |
| Block 100 | One Bedroom | 1BR,1BA | $1.43 |
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 Article
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.
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.
Let everyone know!
Do you know the Milbank area?
If you’re an expert on all things Milbank, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 Milbank
What type of rentals are currently available in Milbank?
There are currently 82 Apartments for Rent in Milbank, SD with pricing that ranges from $455 to $2,420. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milbank ranging from $460 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 $460 to $10,000 with an average monthly rent of $1,818.
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 $800 to $1,895, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $10,000. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,350.
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
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.
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.
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.
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.