
Cheap Homes for Rent in Milbank, SD from $400 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Milbank.


262 2nd St SW
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.

500 1st Ave S

310 8th St
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.

402 Wolfe Ave, Unit A
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 | $1,132 | $775 | $1,550 |
Milbank 3 Bedroom Homes for Rent | $3,419 | $1,350 | $10,000+ |
Milbank 4 Bedroom Homes for Rent | $950 | $950 | $950 |
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 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 |
Best Value Apartments for Rent in Milbank, SD and Nearby
As of June 08, 2025 the best value apartment in the Milbank area is the $1.37 price per square foot 1629 - 3A Model at The Plains Apartments in the starting from $1,870. The second greatest value Milbank apartment is the 2BR/2.0BA Model at One & Two Willow Creek starting at $1,420 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 | 1629 - 3A | 3BR,2BA | $1.37 |
One & Two Willow Creek | 2BR/2.0BA | 2BR,2BA | $1.08 |
Thunder Hawk | Three Bedroom Two Bathroom | 3BR,2BA | $1.28 |
Briarwood Estates | 901D Briarwood | 3BR,2BA | $1.30 |
Block 100 | Two Bedroom | 2BR,1BA | $1.38 |
Prairie Park Fairmount Apartments | 3 Beds, 1 bath | 3BR,1BA | $0.67 |
Cardinal Estates | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.06 |
Beardsley Apartments | One Bedroom | 1BR,1BA | $0.58 |
RC Square Apartments | 2 Bedroom | 2BR,1BA | $0.70 |
103 N Lloyd St, Unit 6 | 103 N Lloyd St | 1BR,1BA | $0.47 |
Quick 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.
Frequently Asked Questions about Milbank
What type of rentals are currently available in Milbank?
There are currently 57 Apartments for Rent in Milbank, SD with pricing that ranges from $294 to $2,195. There are also 17 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 $1,532.
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 $1,870, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $10,000. Four Bedroom Single-Family rentals are also available starting from $950 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.

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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.